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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.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/14657

DUCT

The indicator plots a channel based on fractals.

ChannelsFIBO

The Fibonacci channel display, the axis of which is the moving average line.

Stream

The indicator marks the bars, the size of which exceeds the value specified in the settings.

ChannelsFIBO_MTF

The multitimeframe version of the ChannelsFIBO indicator.

Stochastic Only - indicator for MetaTrader 4