This indicator triggers an alert for one of the most popular methods used in Stochastic Oscillator. This is as follow:
- a buying alert when the Oscillator (either MAIN [%K] or SIGNAL [%D]) falls below a specific level (e.g., 20) and then rises above that level.
- a selling alert when the Oscillator rises above a specific level (e.g., 80) and then falls below that level.
Note: this tool was developed based on the code of Stochastic Oscillator indicator included by default in MetaTrader 4 terminal
Features
- 4 types of signals can be enabled:
- MAIN entering OB/OS zones: alerts when MAIN [%K] is entering overbought or oversold areas determined by the levels.
- MAIN exiting OB/OS zones: alerts when MAIN [%K] is exiting overbought or oversold areas determined by the levels.
- SIGNAL entering OB/OS zones: alerts when SIGNAL [%D] is entering overbought or oversold areas determined by the levels.
- SIGNAL exiting OB/OS zones: alerts when SIGNAL [%D] is exiting overbought or oversold areas determined by the levels.
- The user can set not only the Stoch parameters but also the levels where Stoch will trigger the signals (e.g.: 30 & 70 instead of 20 & 80 set by default);
- The signals are triggered at closing of last bar/opening of a new bar;
- Any kind of alerts can be enabled: Dialog Box, Email message, SMS notifications for smartphones and tablets, and Sound alerts;
- By default up arrows are plotted for buying signals and down arrows for selling signals;
- The user can choose the drawing style of the arrows;
- It works properly at any symbol (no matter how exotic it is) and any timeframe;
- Compatible with any MetaTrader platform, regardless of the number of digits or other parameters;
- Compatible with any other tool (indicator, EA or script) without slowing down the terminal performance and the trading operations.
Indicator parameters
- Receive Alerts When – selects the signal to trigger the alert. Ex. if set [MAIN entering OB/OS zones] then the alerts will be triggered only when MAIN crosses into overbought or oversold zones.
- Signal Buy Arrow Type Code – type of arrow used as buy signal.
- Signal Buy Arrow Width – width of the buy signal arrow [values from 1 to 5].
- Signal Buy Arrow Color – color of the buy signal arrow.
- Signal Sell Arrow Type Code – type of arrow used as sell signal.
- Signal Sell Arrow Width – width of the sell signal arrow [values from 1 to 5].
- Signal Sell Arrow Color – color of the sell signal arrow.
- Turn off all alerts – if ‘true’ all kind of alerts/notifications will be turned off.
- Enable dialog box alert – if ‘true’ enables pop-up alerts.
- Send email as alert – if ‘true’ an email message will be sent.
- Send SMS as alert – if ‘true’ a push notification will be sent to mobile terminals.
- Play a sound as alert – if ‘true’ a sound will be played.
- Sound to be played – selects the sound that will be used by sound alert.
How to get it
Stochastic Oscillator Crossing Levels Alerts Serie MT4 on MQL5 Market — the product page includes a free demo version for the MetaTrader strategy tester, so you can test it on your own data before buying.
Need this customised?
This indicator ships as-is through MQL5 Market. If you need it adapted to your own rules — different alert conditions, an extra filter, a version for the other platform, or the same logic built into an expert advisor that trades it — we build custom MetaTrader tools to specification. See our expert advisor programming service or request a free quote.