Stochastic Indicator to give alerts based on conditions

MQL4 Indicators

Job finished

Execution time 2 days
Feedback from customer
The developer did a great job. Was very understanding, professional, fast and delivered to a good standard.
Feedback from employee
Good client. Clear instructions.

Specification

Hi, 

I would like a Stochastic indicator to give overbought and oversold exit alerts based on Awesome Oscillator and Moving Average trend.


The timeframes conditions would be checked based on closed candles. 

 

Please see below for conditions, parameters and alert examples. There should also be an option to turn overbought exit and oversold exit alerts on or off. 

   

Stochastic Alert Conditions:

Stochastic Overbought Exit: When Stochastic exits the overbought level, a check will be made to the Awesome Oscillator to ensure that it is below zero on the chosen timeframe chart and below Moving Averages. If these conditions match, then the Stochastic will give a Stochastic (Overbought Exit) sell alert signal. Otherwise, no alert

 

Stochastic Oversold Exit: When Stochastic exits the oversold level, a check will be made to the chosen Awesome Oscillator to ensure that it is above zero on the chosen timeframe and above Moving Averages. If both these conditions match, then the Stochastic will give a Stochastic (Oversold Exit) buy alert signal. Otherwise, no alert

 

Parameters:

Candle    Open/Closed
   

Stoch

 

Timeframe

 


Stochastic Period

 

Stochastic slowing period

 

Stochastic Signal

 

Stochastic MA Method

Exponential, Simple, Smoothed, Linear Weighted

Upper level or overbought


Lower level or oversold


 

 

Moving Average

 

MA Timeframe

 

Moving Averages

Option to choose up to 2 MAs

MA Method

Simple, Exponential, Smoothed, Linear Weighted

Applied Price

High, Low, Close, Open, Typical, Weighted, Median

 

 


 

 

Signal Type

 

Mark Buy/ Sell Signals

Arrows

Arrow offset (pips)

5

Arrow Size

 

Mark Buy / Sell Text

 

Text Size

 

Up Color

 

Down Color

 

 

 

Alerts

 

Alerts On

True/ False

Alerts Message

True/ False

Alerts Mobile

True/ False

Alert Sound

True/ False

 

Alerts Examples:

Stochastic – USDJPY – 1H - Oversold Exit Signal (BUY), above MA [50,200] on TF (H1) and AO above 0 at 16:00 on 02.09.2022

Stochastic – AUDJPY – 5M - Overbought Exit Signal (SELL), below MA [50,200] on TF (M5) and AO is below 0 at 11:30 on 06.09.2022


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