Free Forex Indicators (MT4), Trend Following Indicators

Stochastic with Shade Indicator

Stochastic with Shade Indicator can bring an amazing environment to your everyday trading life with top quality Forex trading signals along with the indication of the overbought or oversold condition of the market momentum. So many traders around the world consider this classy tool as one of the best Forex Indicators based on its correct momentum signal service at a steady pace.

Stochastic with Shade Indicator is proven to be adjusted with any timeframe chart and even with any Forex currency pair window available at Metatrader trading software. For its great easy and clean look, traders from all levels can be benefited by adding it to their regular trading charts.

Stochastic with Shade Indicator Overview

After the installation of Stochastic with Shade indicator at your Forex mt4 terminal, your trading chart will appear like the following image:

Stochastic with Shade Indicator

Stochastic with Shade Indicator plots its signals in two ways:

  1. Crossover Signals: The %D (Green) crosses and holds above the %K (red) level means the bullish crossover signaling the possible start of a bullish trend. In a contrary, %D moves below the %K level signals plots the bearish crossover signaling a possible bearish move is about to start.
  2. Overbought/oversold Signals: The Stochastic level near zero level signals the oversold condition of the market. On the other hand, its parameter near 100 areal indicates the overbought condition of the market momentum respectively.

Stochastic Based System: RSI and Stochastic Trading System

Stochastic with Shade Indicator: Buy Parameters

Stochastic with Shade Indicator Buying Parameters
  • Stochastic with Shade plots the bullish crossover
  • The Stochastic parameter reaches the oversold area (zero level)
  • Buy triggers when the above conditions are met
  • Put stop loss limit below the respective swing low
  • Take profit whenever Stochastic value reaches the overbought area(100 level) and plots the bearish crossover at the same time

Stochastic with Shade Indicator: Sell Parameters

Stochastic with Shade Indicator Selling Parameters
  • Stochastic with Shade plots the bearish crossover
  • The Stochastic parameter reaches the overbought area (100 level)
  • Sell triggers when the above conditions are met
  • Put stop loss limit above the respective swing high
  • Take profit whenever Stochastic value reaches the oversold area (zero level) and plots the bullish crossover at the same time
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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.

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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.