This is the mt5 version from Mladen.太虚一毫 wrote: Wed Jun 15, 2022 3:15 pm Recursive smoothed is fun.
The Recursive smoothed stochastic is especially good!
Mladen Rakic says:
The name might be a bit misleading: it is not exactly the same in its calculation as the "double smoothed stochastic" (dss actually has 3 smoothing steps, this one really has 2 smoothing steps — so we might say that this is really double smoothed stochastic), and it adds what the original does not have. It can use prices for start and then each and every next step is using previous step result. The "depth" is limited to 15 simply for practical reasons.
Is it possible to use the Recursive smoothed technique for indicators such as RSI, CCI, WPR, etc.?
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Re: Stochastic indicators for MT4
mrtools, Wed Jun 15, 2022 3:20 pm