Author: traderak20, inspired by Lee Leibfarth’s article in TASC magazine (August 2008). For the full article, visit traders.com (subscription required).
If you're looking to get the most out of the Premier Stochastic Oscillator, check out the detailed guide on Investopedia.
You can set the same parameters as you would for the standard Stochastic indicator, including the period for the EMA used in the Premier Stochastic Oscillator calculation.
Customize the parameters to display the oscillator as either a histogram or a line, in a single color or multi-color. Adding arrows can help you clearly see when the indicator crosses the outer limits, which is particularly handy if you're focusing solely on the line representation instead of the histogram.
Related Posts
- Unlocking MetaCOT 2: Your Ultimate CFTC Indicator Toolkit for MT4
- Unlocking the Power of Master Tools for MetaTrader 4
- Unlock Trading Insights with Volume Profile + Range v6.0 for MetaTrader 5
- Mastering the MACD Candle Indicator for MetaTrader 4
- Visualize Current Trends Across All Time Frames with This MetaTrader 4 Indicator