The idea is as follows:
If the cross doesn't touch the red line, it is an alert.
I tried trading on a 5-minute chart. The results obtained are very good. It easily makes 50-100 pips daily.
STOP LOSS should be placed at max/min of the preceding bar. TP is about 5-15 pips distant.
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8005
Indicator StochCandles. Paints candles on the basis of stochastic.Stoch Crossing
Indicator Stoch Crossing is a modification of EMA-Crossover_Signal based on Stochastic Oscillator.