Double Smoothed Stochastics - modified DSS Bressert indicator with alert. You can use it on any timeframe. M1 and M5 charts are recommended for scalping, while higher timeframes are used for daytrading.
Default settings give a very good result, but the parameters can be modified according to personal preference. It is important that you determine the trend before trading, and open trade in the correct trend direction only.
Double Smoothed Stochastics - DSS Bressert is an oscillator, which was presented by William Blau and Walter Bressert briefly in two slightly different versions in succession. The calculation of DSS Bressert values is similar to Stochastic indicator, the difference is in the use of double exponential smoothing. The advantage over the classical Stochastic oscillators is the speed in response to price changes in a still very uniform flow pattern. Furthermore, the extreme zones on the other end of the scale are achieved even in strong trending quite often resulting in many trend compliant signals. Double Smoothed Stochastics - DSS Bressert values are the same as for Stochastic - the values above 80 indicate the overbought state of the market, the values below 20 indicate the oversold market state.
When a signal appears, the indicator sends an email and notification (if alertsOn=true).
Of course, you must configure email and notifications in MT4 options.