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Forex Indicator “BlauSMStochastic_Signal”

BlauSMStochastic_Signal is an indicator that displays data on the current trend, using the value of the indicator, BlauSMStochastic, with a stipulated timeframe.

As the source of the signal there may be the histogram itself of the primary indicator or the cloud, depending on the value of the input parameter of the indicator:

Upon receiving the messages from the histogram there is just a broadcast of histogram color. If the signal is formed of colored cloud, then in addition to broadcast of the color there is a further analysis of the behavior of the cloud. If the cloud is contracted, and the trend is diminishing, then the indicator color is pale. And if the cloud is expanding and the trend is increasing, then the color of the indicator is bright. At the moment of bar change of the corresponding timeframe colored dots start appear on the lines.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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