Extreme Colored Stochastic Metatrader 4 Forex Indicator

Finances and InvestmentSoftware, Downloadable programs

The extreme colored Stochastic indicator for MT4 is an improved version of the traditional Stochastic technical indicator.

This version gives you a lot of options that can be accessed from the inputs tab.

For instance, the overbought and oversold values can be changed (default, 20 and 80).

The indicator will start drawing a green line when the Stochastic indicator reaches the oversold area.

Likewise, the indicator will start drawing a red line when the Stochastic indicator reaches the oversold area.

The Stochastic indicator should be traded in agreement with the underlying trend for good results.

Combine with a trend-following indicator such as an exponential moving average, simple moving average, Bollinger Bands or ADMI.

Underlying trend up? Trade the oversold green Stochastic signals.

Underlying trend down? Trade the overbought red Stochastic signals.

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This product is available in English

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forex indicators signals


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