ZeroLag Stochs true

The Indicator ZeroLag Stochs_true is an George C. Lane’s indicator Stochastic Oscillator (Stoch) with zero delay. The Indicator ZeroLag Stochs_true in contrast with standard Stochastic Oscillator gives the signals on several bars earlier, but divergences/convergence denominated more obviously.

ZeroLAG Stochs_true calculates on formula:

Fast%K(i) = 100*(Close(i) – MaxHigh(N)) / (MaxHigh(N) – MinLow(N));

%K(i) = 2*MA(Fast%K(i), N) – MA(MA(Fast%K(i), N), N);

%D(i) = 2*MA(%K(i), P) – MA(MA(%K(i), P), P);

where:
Fast%K(i) – fast %K of the current bar;
Close(i) – close price of the current bar;
MaxHigh(N) – maximum High for N preceding periods;
MinLow(N) – minimum Low for N preceding periods;
MA – moving average;
N – the range of High/Low computation;
P – smoothing period for %D(i).