Super Stochastic Buy/Sell Metatrader 4 Forex Indicator

The super Stochastic buy/sell indicator is a colored trend-following signals oscillator that works well for any pair and time frame.

It combines the traditional Stochastic oscillator with a moving average.

Super Stochastic uses a default 89 period for Stochastic and 9 for the moving average.

Buy and sell signals goes as follows:

  • A green oscillator line represents a buy signal.
  • A red oscillator line represents a sell signal.
  • A yellow oscillator line represents a neutral trend.

Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.

Free Download

Download the “ml-ift stochastic mtf shadow 1_3 (alerts + arrows).ex4” MT4 indicator

Example Chart

The EUR/USD 1-Hour chart below displays the Super Stochastic Buy/Sell Metatrader 4 forex indicator in action.

Basic Trading Signals

Signals from the Super Stochastic Buy/Sell MT4 forex indicator are easy to interpret and goes as follows:

Buy Signal: Open a buy trade when the Super Stochastic indicator changes color from yellow (neutral) to green (bullish).

Place a stop loss below support or use your own preferred SL method.

Sell Signal: Open a sell trade when the Super Stochastic indicator changes color from yellow (neutral) to red (bearish).

Place a stop loss above resistance or use your own preferred SL method.

Download

Download the “ml-ift stochastic mtf shadow 1_3 (alerts + arrows).ex4” Metatrader 4 indicator

MT4 Indicator Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: chart window indicator

Customization options: Variable (time frame to use, Stochastic period, price to use for high, price to use for low, price filtering method, MA period, overbought level, oversold level, alerts) Width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly

Type: trend oscillator

Installation

Copy and paste the adx trend (mtf + arrows + alerts).ex4 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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