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Stochastic Scanner

This is an indicator that shows the value of Stochastic of different timeframe on a single chart window. It also shows the average stochastic value of all the values of  Stochastic (MN1, W1, 1D, 4H, 1H, 30M, 15M and 5M) shown. It can be used to know the oversold and overbought of any instrument.

who can use it?

All types of traders. Be it-

  1. Scalper
  2. Swing traders
  3. News traders
  4. Long term traders

Its uses:

This indicator can be used in:

  • Entry of position 
  • Exit of open position

Input Parameters

  • %K period - Value of %K period of stochastic used;
  • %D period - Value of %D period of stochastic used;
  • Slowing - Value of Slowing period of stochastic used
  • MA Method - Moving Average value method used in Stochastic calculation
  • Price Field - Value of Price Field used in Stochastic calculation
  • Stoch Upper Level - Upper level of value of stochastic for its colour to change to GREEN
  • Stoch Lower Level - Lower level of value of stochastic for its colour to change to RED

Installation of the Indicator

1. Drag and drop the Indicator into all charts of pairs to trade and click okay.

2. After clicking okay, the indicator will be loaded or shown on the chart. It refreshes after 2secs

How to use it

Order Input

Open Buy order when Average Stoch Value turn RED or is at or below 20 and (i.e Oversold)

Buy Sell order when Average Stoch Value turn GREEN or is at or above 80 (i.e Overbought)

Order Exit

Open order can be exit when the colour of Average Stoch Value changes to WHITE











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The indicator automatically builds Support/Resistance levels (Zones) from different timeframes on one chart. Support-resistance levels are horizontal lines. As a rule, the market does not respond to a specific price level, but to a price range around the level, because demand and supply of market participants are not formed clearly on the line, but are “spread out” at a certain distance from the level. This indicator determines and draws precisely such a price range within which strong pos
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Peace ind
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Pablo Mozo Bel
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Versão 1.10 2020.11.25
Signal Column added!
The column show buy and sell signals of different pairs.