Super Stochastic Indicator MT4
- Indikatoren
- Eda Kaya
- Version: 1.3
Super Stochastic Indicator MT4
The Super Stochastic Indicator MT4 represents an enhanced iteration of the traditional stochastic oscillator.
By integrating multiple analytical layers, it offers more refined and reliable trading signals. This tool identifies intersections between the oscillator and signal lines while also signaling extreme market conditions such as overbought or oversold zones.
Its versatility makes it compatible with various strategies, particularly for recognizing trend shifts and tracking momentum.
«Indicator Installation & User Guide»
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Super Stochastic Oscillator Specifications
Here are the key technical features of this upgraded stochastic oscillator:
| Category | Currency Strength – Signal & Forecast – Oscillator |
| Platform | MetaTrader 4 |
| Skill Level | Intermediate |
| Indicator Type | Trend-Following – Reversal |
| Timeframe | Multi Timeframe |
| Trading Style | Scalping – Day Trading – Intraday – Swing Trading |
| Market Compatibility | Works with all markets |
Overview of the Super Stochastic Indicator
The Super Stochastic Oscillator presents signal crossovers using a cross marker and displays invalid signal zones visually. It further distinguishes overbought and oversold areas both by altering the oscillator’s color and by displaying textual prompts within the panel interface.
Buy Signal Example
On a 1-hour ADA/USD (Cardano) chart, the oscillator turns red as it enters the oversold zone. A reversal is confirmed when the oscillator curves upward, with a blue arrow highlighting the crossover – signaling a potential long position.
Sell Signal Example
Looking at the 30-minute chart for GBP/USD, the oscillator switches to green when entering the overbought zone. A downward crossover is then marked with a yellow arrow, suggesting a possible sell opportunity as momentum shifts.
Super Stochastic Oscillator Settings
The following options can be customized for the Super Stochastic Indicator:
- K Period: Number of periods for %K calculation
- Slowing Period: Smooths the %K value
- D Period: Timeframe for %D signal calculation
- MA Method: Moving average technique for smoothing lines
- Stochastic Price: Price source used in the calculation
- Overbought Level: Value indicating an overbought condition
- Oversold Level: Value indicating an oversold condition
- Buy Area: Designated zone for buy triggers
- Sell Area: Designated zone for sell triggers
- Off Buy/Sell Area Marking: Option to toggle area markers
- K Period Cross Marking: Activates crossover visualization
- K Period Cross Delay (Bars): Sets delay before showing cross signals
- Overbought/Oversold Delay (Bars): Delay for OB/OS zone signals
- Alerts ON: Turns on alert system
- Alert on %K Cross: Notification when %K crosses %D
- Message for K Cross Alert: Displays text when crossover happens
- Alert on Buy/Sell Area Leave: Notifies when oscillator exits buy/sell zones
- Message for Buy/Sell Area Leave: Shows exit message for buy/sell zones
- Alert on Overbought/Oversold Leave: Sends alert when OB/OS zone is exited
- Message for Overbought/Oversold Leave: Message for OB/OS zone exit
- Show Text Data: Enables display of oscillator values on the chart
Conclusion
The Super Stochastic Indicator MT4 serves as a comprehensive market analysis tool by offering actionable entry and exit points.
Its ability to detect overbought and oversold areas assists in identifying potential reversals with ease. Thanks to its flexible settings, the oscillator can be tailored to match any trading style or strategy, improving adaptability across various markets.
