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Stochastic Cross Alert

Get stochastic forex trading buy and sell arrow signals on price chart. Stochastic Cross Alert MT5 Indicator provides alerts upon KD cross, K overbought and oversold cross and D OBOS cross. Do not miss any stochastic trading signals.

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Description

The Stochastic Cross Alert MT5 indicator provides forex trading signals and alerts using the classic Stochastic indicator. Primarily, it provides trading alerts on oversold and overbought levels of the stochastic. Additionally, traders can enable trading signals on KD cross, K OBOS cross and D OBOS cross using the indicator input settings.

Features of Stochastic Cross Alert Indicator

The indicator provides forex buy and sell arrow trading signals. Majenta down arrow indicates sell trading signal and lime up arrow shows a buy signal. So, the best trading strategy is to enter and exit the markets upon the appearance of the arrows.

The indicator offers three different types of signals that can traders can enable independently. However, traders can have all the three signals on the price chart if required. KD cross, provides signals based on the crossover of the K and the D lines of the stochastic indicator. Additionally, K – OBOS shows the crossover of the K line into the overbought and oversold level as per the indicator settings. Similarly, D-OBOS provides buy and sell arrows on the price chart if the D line is overbought or oversold.

Traders can enter buy signal upon a bullish up arrow with a stop loss below the previous swing low and exit with profits at an opposite signal. On the other hand, a similar trading strategy works upon the appearance of a bearish down arrow with a sell position.

Benefits of Stochastic Cross Alert MT5 Indicator

In fact, the indicator is simple to use and helps traders not to miss any stochastic trading signals.

Indicator Settings Description

SoundOn:, EmailON: Enable trading alerts.

KPeriod:, DPeriod:, Slowing: Input for Stochastic calculation.

MA_Method:, Price_field: Input for moving average calculation.

OverBoughtLevel:, OverSoldLevel: OS and OB level.

Show_KD_cross:, show_K_OBOScross:, show_D_OBOScross: Enable various trading signals.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. 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.

 

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