SSD with Histogram Indicator
Platform: MT5 Type: Oscillator Last update: November 29, 2024The SSD With Histogram Indicator for MT5 is an oscillator that additionally displays green and histo bars that respectively corresponds to bullish and bearish momentum. When there are readings contrary to general market bias, it suggests an potential pullback going on.
When it comes to alignment of lines, green one over red one corresponds to upward movement. Conversely, the opposite setup implies downward movement action.
The scale is not fixed, but it’s better to rely on the colors as signals instead finding oversold or overbought levels. It should be rather used in conjuction with other technical indicators for more holistic approach.
Example chart:
Formula used:
For technical geeks, this is exactly how the calculations are performed:
K = Stochastic D – 50.0
D = SMA(K, %D Period)
Histogram = K – D
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