Indicators: Engulfing Stochastic
It’s an nice concept
It provides perfect signals for Binary options too!
Thank you so much
your bring to us a nice indicator,
this is a another good indicator that only have in mt4..
could you release the mt5 version ?
https://www.mql5.com/en/code/19130Consecutive Candles with Stochastic Filter Indicator
Consecutive Candles with Stochastic Filter Indicator
- www.mql5.com
The indicator identifies consecutive High candles and consecutive Low candles. The first candle must have an (x) pip long adjustable body for the first condition to be met, the candle must also be below or equal to the 20 stochastic level for consecutive High candles or above or equal to the 80 stochastic level for consecutive Low candles. You...
I didsome changes to it, fixed and optimized to last mt5 build 2190
Files:
EngulfingStochastic.mq5
15 kb
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Engulfing Stochastic:
Detect bullish and bearish engulfing candles when entering the overbought or oversold territory. We have all seen a currency pair enter the overbought or oversold territory and stay there for long periods of time. What this indicator does is gives you the emphasis. So if you are looking for reversals then you may want to take notice when oversold territory is entered into with a bullish engulfing candle or if the trend is your thing then check for bearish engulfing candles while entering oversold.
Author: John Davis