Indicador Estocastico Radar

Developed by smart2trader.com

About Estocastico Radar

Estocastico Radar is a multi-timeframe stochastic indicator that reads up to six timeframes at once and plots buy and sell arrows on the price chart when the confluence you set is reached. You can see on a single screen where the timeframes agree, along with the history of past signals.

Main advantages

• Signal arrows on the price chart, evaluated at candle close, when the minimum confluence is reached for a buy or a sell.
• Signal history over the recent bars of the chart, with an adjustable number of bars.
• Signal details: hover over an arrow and a small window shows the signal and score of each timeframe at that moment, highlighting the ones that agreed.
• Multi-timeframe panel with up to six rows, each one showing buy, sell, possible reversal or neutral and a score from 0 to 100.
• Context and momentum kept apart (H1 and above, below H1), plus real-time confluence.
• MTF stochastic in the subwindow, with a one-click timeframe switch on the panel rows.
• Alerts by popup and push notification, either as soon as the confluence is reached or only when the arrow is confirmed.

Symbols, timeframes and candle close

Works on any symbol and timeframe in MetaTrader 5, including forex, indices and futures. Arrows are evaluated only at candle close, so each higher timeframe uses its last closed candle, while the panel and the instant alert follow the forming candle and can change until it closes. Try the demo to check whether it fits your trading, and leave your questions in the product comments.

Estocastico Radar indicator: Buffers

• [0]: %K (value = %K line, from 0 to 100)
• [1]: %D (value = %D line, from 0 to 100)
• [2]: Buy signal (value = confluence percentage on the arrow candle; empty elsewhere)
• [3]: Sell signal (value = confluence percentage on the arrow candle; empty elsewhere)

For automated decisions in Expert Advisors, read the closed candle (shift 1).

FAQ

Do the arrows change after they appear?

Each arrow is decided at candle close, using only closed candles of each timeframe, and is not changed afterwards. The history follows the same rule. The panel, on the other hand, follows the forming candle and can change until it closes.

What does confluence show?

It shows the share of the timeframes being read that agree with the overall signal, which gives more weight to higher timeframes. An arrow appears when the confluence reaches the minimum you set.

Can I change how many bars of history are analyzed?

Yes. You choose how many recent bars the indicator analyzes to plot the arrows.

Can I use the signals in an Expert Advisor?

Yes. Buffers [2] and [3] hold the confluence on the buy and sell arrow candles, and buffers [0] and [1] hold %K and %D.

How do I request new features?

Leave your suggestion in the product comments. The team reviews it and may include it in a future update.