The BlauSMStochastic_Signal indicator shows information on the current trend using the values of the BlauSMStochastic indicator with a fixed timeframe.
The histogram of the initial indicator or the cloud can be a source of a signal, depending on the value of the indicator input parameter:
input Mode Method=MODE_CLOUD; // Method of analysis
When receiving signals from the histogram, the histogram color is shown. If the signal is formed by a colored cloud, in addition to the color the behavior of the cloud is analyzed. If the cloud is compressed and the trend is weakening, the color of the indicator is pale. When the cloud expands and trend increases, the color is bright. Colored dots on lines appear when the bar of the corresponding timeframe changes.
The indicator requires BlauSMStochastic.mq5 indicator file. Place terminal_folder\MQL5\Indicators.
MT5 Indicator – Download Instructions
BlauSMStochastic Signal is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.
BlauSMStochastic Signal provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install BlauSMStochastic Signal.mq5?
- Download BlauSMStochastic Signal.mq5
- Copy BlauSMStochastic Signal.mq5 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on BlauSMStochastic Signal.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator BlauSMStochastic Signal.mq5 is available on your Chart
How to remove BlauSMStochastic Signal.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download MT5 Indicator: