Stochastic Distance Indicator

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Stochastic Distance Indicator

Postby Apprentice » Tue May 21, 2024 1:36 pm

EURUSD m1 (05-21-2024 2035).png

The Stochastic Distance Indicator was created by Vitali Apirine (Stocks and Commodities Jun 2023 pgs 16-21), and this is a new method that measures the absolute distance between a price and its highest and lowest values over a long period. It uses the stochastic formula to create an oscillator using this distance value and smooths the value.
Stochastic Distance Indicator.lua
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