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Stochastic Distance Indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=74886
Forum: 17 · Topic 74886 · 1 post(s)
Stochastic Distance Indicator
Apprentice · Tue May 21, 2024 1:36 pm
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.