Stochastic Filter Signal Metatrader 4 Forex Indicator

The Stochastic Filter Signal indicator for Metatrader 4 is an oscillator that fluctuates between 0 and 100.

Oversold market conditions are found around the 0 level, overbought market conditions around the 100 level.

Use this indicator together with a trend following indicator for more reliable forex signals.

For example, combine it with the 100 period exponential moving average.

Free Download

Download the “CCwSF.mq4” MT4 indicator

The EUR/USD H1 chart below shows the Stochastic Filter Signals forex indicator in action.

Example Chart

Basic Trading Signals

Note: Use the CCwSF indicator together with a trend indicator and only trade in the overall direction of the trend.

Buy: The indicator draws a green bullet near the 20 oversold trading level.

Sell: The indicator draws a red bullet near the 80 overbought trading level.

Download

Download the “CCwSF.mq4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart pattern indicator

Customization options: Variable (KPeriod, Slowing, DPeriod, MAMethod, popup notifications, email notifications, push notifications) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Oscillator

Installation

Copy and paste the CCwSF.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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