Stochastic with Alert Indicator for MetaTrader 5

The Stochastic oscillator with Alert extends the classic stochastic in MetaTrader 5 with automatic notifications. This oscillator compares the closing price with its recent range to measure momentum and anticipate turns.

How to use it

It notifies you when the stochastic enters overbought above 80 or oversold below 20, or when it returns to the neutral zone. It can draw arrows on the chart and is widely used in trend reversal strategies.

Main parameters

• Customizable high and low stochastic limits.
• Candle to analyze: current or previous.
• Short name to use several instances on the same chart.

File contents: package ready to install in MetaTrader 5.

View the original indicator documentation on EarnForex (Apache-2.0 license)