Blau Stochastic Momentum Oscillator as a Color Histogram

Summary

This short indicator description presents a Stochastic Oscillator derived from William Blau’s Stochastic Momentum concept, as discussed in his book on momentum, direction, and divergence. The implementation displays the oscillator as a color-coded histogram and represents its signal line as a colored cloud, providing a visual way to inspect indicator values and their relationship to the signal.

The description says the implementation relies on classes from an external smoothing library that must be installed in the platform’s include directory. It refers readers to a separate article for details about those classes. It does not specify parameter choices, trading rules, or empirical results, and the page provides no evidence that the visualization predicts returns. It is therefore an implementation overview, not a tested strategy or full explanation of how to interpret signals.

Key ideas

• The indicator adapts Stochastic Momentum ideas associated with William Blau.
• It displays oscillator values as a colored histogram and the signal line as a colored cloud.
• The implementation depends on a separate smoothing library.
• The description gives no parameter settings, trading rules, or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.