Blau SM Stochastic Indicator
Info
The Blau SM Stochastic Indicator is a Indicator for MetaTrader 5 that this indicator is based on the stochastic momentum, as described by william blau. It is presented as a color histogram with a signal line represented by a colored cloud.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Blau SM Stochastic Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
This indicator is based on the Stochastic Momentum, as described by William Blau.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: stochastic multi-timeframe indicator - another powerful indicator for MetaTrader 5 traders.
This indicator is based on the Stochastic Momentum, as described by William Blau. It is presented as a color histogram with a signal line represented by a colored cloud. The indicator utilizes classes from the smoothalgorithms.mqh library, which must be copied to the terminal_data_folder\mql5\include directory. The usage of these classes was detailed in an article. The image "figure 1. the blausmstochastic indicator" illustrates the indicator.Also recommended: stochastic oscillator indicator for metatrader 5 - similar indicator with strong performance on MetaTrader 5.
A recent update in 2026 ensures compatibility and incorporates the latest algorithmic improvements.
Key Features:
- Stochastic Momentum basis
- Color histogram display
- Colored cloud signal line
- Utilizes smoothalgorithms.mqh library
You may also like: channel and stochastic oscillator - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property version "1.00"
#property indicator_separate_window
#property indicator_buffers 4
#property indicator_plots 2
#property indicator_type1 draw_filling
#property indicator_color1 clrlime,clrred
#property indicator_label1 "blau sm stochastic signal".......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.