Stochastic Cross Alert Indicator MT4
- Indicators
- Eda Kaya
- Version: 1.3
Stochastic Cross Alert Indicator for MetaTrader 4
The Stochastic Cross Alert Indicator for MetaTrader 4 is a specialized technical tool that assists traders in spotting potential market setups.
This upgraded version of the traditional stochastic oscillator delivers instant alerts when a crossover takes place between the stochastic and signal lines. By utilizing these alerts, traders can more precisely identify favorable moments for entering and exiting the market.
«Indicator Installation & User Guide»
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Stochastic Cross Alert Indicator Table
The following table outlines the main features and configuration of the Stochastic Cross Alert Indicator:
| Category | Oscillator – Signal Generator – Forecast Tool |
| Platform | MetaTrader 4 |
| Skill Level | Beginner-Friendly |
| Indicator Type | Lagging – Reversal – Entry Signal |
| Timeframe | Supports Multiple Timeframes |
| Trading Style | Scalping – Day Trading – Short-Term |
| Markets | Forex – Equity – Indexes |
Bullish Signal Indication
In the 1-hour chart of gold (XAU/USD), the price demonstrates an upward momentum. The Stochastic Cross Alert Indicator detects a crossover that generates a buy alert when the stochastic line rises above the signal line. This kind of signal is useful in trend-following strategies where buy opportunities are favored.
Bearish Signal Indication
In a downtrend scenario like the one seen on the USD/CHF 1-hour chart, where the market creates descending peaks and troughs, the Stochastic Cross Alert Indicator triggers sell signals. These crossovers help traders initiate short positions, aligning with bearish market conditions or strategy setups.
Indicator Settings
Here is a breakdown of the configurable parameters available in the Stochastic Cross Alert Indicator:
- Stochastic K: Defines the K-line's period length.
- Stochastic D: Sets the period for the D-line.
- Stochastic Slowing: Adjusts the smoothing factor for signal calculation.
- Stochastic MA Method: Selects the moving average type used in the oscillator.
- Stochastic Price: Chooses the price basis for calculation (e.g., close, high/low).
- Overbought Level: Configures the level above which the market is considered overbought.
- Oversold Level: Sets the threshold below which the market is considered oversold.
- Calculation Basis: Option to calculate based on candle open or close.
- Alert Trigger: Choose from the following alert types:
- Crossover between lines
- Entering the overbought area
- Leaving the overbought area
- Alert Activation: Toggle alerts on or off.
- Alert Notification: Option to enable pop-up messages.
- Email Notification: Enable or disable email-based alerts.
- Arrow Display: Choose to show or hide buy/sell arrows on the chart.
- Buy Arrow Code: Set custom MQL code for buy arrows.
- Sell Arrow Code: Set custom MQL code for sell arrows.
- Arrow Size: Define how large the signal arrows should appear.
- Lookback Period: Configure how many candles are considered in the calculation and display.
Conclusion
The Stochastic Cross Alert Indicator for MetaTrader 4 is an analytical and signaling tool that provides timely alerts whenever stochastic crossovers occur. It is especially effective for traders who rely on momentum shifts and crossover signals from overbought or oversold levels, offering better insight for execution and strategy refinement.
