Stochastic Only - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator uses data from three stochastic indicators to identify potential entry points:
This signal is generated when all three indicators are in the overbought/oversold zones simultaneously (corresponding arrows are drawn on the chart). Size of slow, medium and fast regions (default): 10; 10; 5 respectively. That is, when the area size is 10, if the value of the stochastic indicator is greater than 90, the indicator generates a sell signal; if it is less than 10, the indicator generates a buy signal.
Attachment download
📎 stoch_only.mq4 (2.84 KB)
Source: MQL5 #14657
Stochastic only - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Only Stochastic - MetaTrader 4 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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