Recursive Smoothed Stochastic (MQL5)
The Recursive Smoothed Stochastic indicator is a powerful tool for traders using MetaTrader 5. This indicator, developed by professional traders, helps identify overbought and oversold conditions in the market, allowing traders to make informed decisions. By smoothing out the stochastic oscillator, it provides more accurate signals and reduces false positives. Connecting this indicator to your MetaTrader 5 platform is simple and can be done in just a few steps. However, like any tool, it has its pros and cons. While it can be highly effective in trending markets, it may generate false signals in choppy or sideways markets. Overall, the Recursive Smoothed Stochastic indicator is a valuable addition to any trader’s toolkit.
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Description
FAQ
- Can I download this indicator ‘Recursive Smoothed Stochastic (MQL5)’ for free?
- Yes, this indicator – Recursive Smoothed Stochastic (MQL5), like other indicators presented on the site, is free, with the exception of those where there is a fee, they are available only on the official website of the developer
- Where does this Indicator come from?
- The Indicator, like others, is collected from the official website of trading platform MetaTrader 5 and developers
- Can I use Recursive Smoothed Stochastic (MQL5) on the mobile version of the trading platform MetaTrader 5?
- No, indicators can only be used on the web version of the trading platform MetaTrader 5.
Additional information
| Platform | MetaTrader 5 |
|---|---|
| Format | ZIP |
| Price | Free |
| Safety | Safe |
| Type file | Indicator |
| Size | 271kB |
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