Stochastic Oscillator Arrow Alert Indicator (MT4 and MT5)

• Version
• Download 1411
• File Size 40.34 KB
• File Count 1
• Create Date October 8, 2019
• Last Updated February 27, 2025

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Stochastic Oscillator Arrow Alert Indicator (MT4 and MT5)

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This indicator will generate an arrow alert whenever the Stochastic Oscillator 'Base line' crosses above or below the Stochastic Oscillator 'Signal line' and only while both lines (base line and signal line) are within the overbought or oversold levels. The top level indicates a potential Overbought/SELL signal and bottom level indicates a potential Oversold/BUY signal.

This indicator should only be used with or as part of a reliable, consistent working strategy that requires the use of the Stochastic Oscillator Indicator.

Notes and recommendations: Works well with ranging markets. Avoid using during 15-20 minutes before and after medium/high impact news and opening hour of major market sessions. Should only be used with a reliable strategy, proper market analysis and added confirmations to suggest high probability win trade. Take caution during NFP (Non-farm payroll) week, try to avoid trading during NFP week.

Arrow Style Types Table: (Go to Arrow Styles Types page for more details and instructions)

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