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Published:

2016.02.08 12:49

stoch_only.mq4 (2.84 KB) view

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The indicator uses the data from three Stochastic indicator to determine the potential entry points:

slow (default period is 700);
medium (default period is 120);
fast (default period is 30).

The signal (a corresponding arrow is drawn on the chart) is generated when all three indicators are in the overbought/oversold areas at the same time. The size of the areas for slow, medium and fast is (by default): 10; 10; 5 respectively. That is, at the area size of 10, the indicator generates a sell signal if the value of the Stochastic is greater than 90, buy signal — if less than 10.