The Digi Stoch Forex Indicator is a useful and popular MT4 indicator that is free to download. This indicator is used to identify potential trend reversals in the Forex market. It uses a combination of two lines, the fast and slow stochastics, to determine when a trend is about to change. The fast stochastic line is based on the closing prices of the last nine periods and is calculated by taking the highest high and the lowest low of those periods. The slow stochastic line is based on the closing prices of the last six periods and is calculated by taking the highest high and the lowest low of those periods. When the fast stochastic line crosses above the slow stochastic line, it indicates that a bullish trend is about to start, and when the fast stochastic line crosses below the slow stochastic line, it indicates that a bearish trend is about to start. The Digi Stoch Forex Indicator also includes a histogram that shows the difference between the two lines. When the histogram is positive, it indicates that the fast stochastic line is above the slow stochastic line and a bullish trend is likely to start. When the histogram is negative, it indicates that the fast stochastic line is below the slow stochastic line and a bearish trend is likely to start.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2023/12/Digi-Stoch-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/12/Digi-Stoch-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/12/Digi-Stoch-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2023/12/Digi-Stoch-screenshot-3-230x144.png)
Digi Stoch
The Digi Stoch Forex Indicator is a popular and useful MT4 tool that helps traders identify trend reversals in the market. This free indicator is designed to provide traders with an easy-to-use visual representation of the current trend direction. The indicator is based on the Stochastic Oscillator and uses two lines (K and D) to identify overbought and oversold levels.
Platform | |
---|---|
Timeframe |
0
People watching this product now!
Category: Helpers
Downloads - 4
Description
Reviews (0)
Be the first to review “Digi Stoch” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Risk Management
The Risk Management Indicator is a popular and free MT4 Forex indicator that is useful for traders looking to manage their risk. This indicator helps traders to identify and set stop loss and take profit levels for their trades. The indicator works by monitoring the market and alerting traders when the stop loss or take profit levels are reached. The Risk Management Indicator is a popular and free MT4 Forex indicator that is easy to use and can help traders to manage their risk and protect their capital.
Currency Strength Giraia 28 Pairs TRO Modified
The Currency Strength Giraia 28 Pairs TRO Modified Indicator is a popular and free forex indicator for the MT4 trading platform. The indicator works by analyzing the 28 most traded currency pairs and displaying the results in an easy to read graphical format. The indicator also provides alerts when certain currency pairs reach certain levels of strength. The indicator is easy to install and use, making it a popular choice among forex traders.
Risk Reward Ratio
The Risk Reward Ratio indicator is a new and popular MT4 indicator used in forex trading. It works by analyzing the potential risk and reward of a trade and presenting the information in an easy-to-read format. The indicator displays the risk-reward ratio as a percentage, allowing traders to quickly assess the potential gains and losses of a trade before entering into it. With this valuable information, traders improve their trading strategies and minimize their risk in the forex market.
Average Daily Range Adr
The Average Daily Range (ADR) Indicator is a popular and free Forex indicator for the MT4 trading platform. It is a useful tool for traders as it helps them identify and take advantage of the range of price movements. The indicator shows the average daily range of a currency pair over a given period of time. This can be used to help traders identify entry and exit points for their trades. The indicator is easy to use and can be used to identify the volatility of a currency pair, as well as the potential for price movements. The ADR Indicator is a great way to take advantage of the market’s volatility and make more informed trading decisions.
Average True Range
The Average True Range Value indicator is a popular and free forex indicator available on MT4. This new indicator calculates the Average True Range (ATR) for the specified period and displays it in the corner of the chart. The ATR is a useful indicator for measuring market volatility and identifying potential trading opportunities that you can use to set stop loss levels or determine entry and exit points for your trades. Use the Average True Range Indicator to update your personal trading toolbox.
MA Trend
The MA Trend Indicator is a popular and free Forex indicator for the MT4 trading platform. It is a useful tool that helps traders identify the trend direction of a currency pair. The indicator plots two moving averages, one fast and one slow, to help identify the trend. When the fast moving average is above the slow moving average, it indicates an uptrend, and when the fast moving average is below the slow moving average, it indicates a downtrend. It is a great way to help traders identify the trend direction of a currency pair, which can help them make more profitable trades.
Position Size Calculator
The Position Size Calculator indicator is a new and popular tool for forex traders that can be downloaded for free on the MT4 platform. This helps traders determine the correct position size for their trades based on the account balance, risk tolerance and the currency pair they are trading. The indicator takes into account the stop loss level, pip value and currency pair volatility to ensure that traders do not risk more than they can afford to lose. It is an essential tool for both beginners and experienced traders who want to effectively manage their risks and maximize their potential profits.
Reviews
There are no reviews yet.