Trend Following Indicators, Free Forex Indicators (MT4)

Stochastic Signals Indicator

Stochastic Signals Indicator is an updated version of world’s best momentum indicator Stochastic Oscillators. This tool can be one of the best Forex scalping indicators that you have ever experienced if you can use it in a correct manner. Since, it has been designed mainly for Forex scalping purposes; short-term traders get an extra advantage on detecting the swing levels of the market correctly than ever.

Stochastic Signals Indicator can be applied at any Forex currency pair window and fits best with M5 and M15 charts. The only thing required is, you’ll have to follow its trading rules while trying it in a consistent basis.

Stochastic Signals Indicator Overview

Once the installation is done at your Forex mt4 terminal and load Stochastic Signals, your trading chart will be appeared as the following image:

Stochastic Signals Indicator

Stochastic Signals Indicator plots the signals with the same manner as old Stochastic version but with better accuracy. %D (yellow) crosses above the %K (blue) to plot the bullish crossover and signals a possible bullish move is ahead. In a contrary a bearish cross over occurs when %K moves above the %D signaling potential bearish rallies. These crossovers are signaled with up/downward arrows. Its value reaches below 30 means the oversold condition and above 70 is considered as the overbought condition of the market respectively.

Stochastic Related Fx System: RSI and Stochastic Trading System

Stochastic Signals Indicator: Buy Parameters

Stochastic Signals Indicator Buying Parameters
  • Stochastic Signals plot bullish crossovers with upward arrows
  • The crossover occurs below its 30 (oversold) level
  • Enter buy when the above conditions are met
  • Put the stop loss limit below the current swing low
  • Exit long whenever the bearish crossover occurs and the value drops below its 70 level

Stochastic Signals Indicator: Sell Parameters

Stochastic Signals Indicator Selling Parameters
  • Stochastic Signals plot bearish crossovers with downward arrows
  • The crossover occurs above its 70 (overbought) level
  • Enter sell when the above conditions are met
  • Put the stop loss limit above the current swing high
  • Exit short whenever the bullish crossover occurs and the value jumps above its 30 level
Free Download Stochastic Signals Indicator

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

2 thoughts on “Stochastic Signals Indicator”

  1. This plots and arrows of this indicator is very lagging. I tried it and i can make you sure both plots and arrows appears after severals candle, sometime after that the swing is finished. So it’s like other standard stochastic indicator you can find.


Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
RoboForex Welcome Bonus