This indicator is intended to solve all kind of lines K and D crosses to generate different alerts when needed, and multicolored K line.
Features
- You can define an Stochastic as you could do on MetaTrader native Stochastic indicator, all the parameters are copied to get it.
- You can show all the K and D lines crosses
- You can select from all the K and D crosses only those that accomplish a minimum angle to filter crosses that aren’t made with enough strength
- You can generate alerts when Oversold and Overbought areas are reached
- When it leaves those areas too
- You can define the level areas for Oversold and Overbought
- You can define 2 time windows to show the crosses
- You can define if you want alerts on main MT4 window, messages to your mobile phone, or by e-mail
- K line can be defined with different color if it moves up or down
May be you could find useful to add 2 of my stochastics at the same chart. The first one configured quick to show you the crosses between K and D lines. And a second one slow, configured only to show you whet it enters to overbought or oversold areas.
Indicator Parameters
- KColorGoingUp – Choose here the color that you want for the Stochastic K line when it moves UP
- KColorGoingDown – Stochastic K color line when it moves DOWN
- DColor=clrSalmon – Color of the secondary D Line of Stochastic
- UpArrowColor – When selected crosses between K and D lines appear, you can define here the color of the arrow that is drawn over the Stochastic chart
- DownArrowColor – The color of the arrow that is drawn over the Stochastic chart when a down signal appears
- KPeriod – The same parameter used to build an standard stochastic – Periods to calculate K line
- DPeriod – The same parameter used to build an standard stochastic – Periods to calculate D line
- Slowing – The same parameter used to build an standard stochastic – Slowing parameter
- MA_Method – A select box where you can choose the method of Moving Average, the same as a common MA_Method parameter from the standard indicator
- Simple
- Exponential
- Smoothed
- Linear Weighted
- PriceType – A select box where you can choose the type of price, the same as a common price type parameter from the standard indicator
- Low/High
- Close/Close
- ShowK_D_Crosses – A Select type box to select if you want or not to show crosses signals over the chart
- ShowK_D_CrossesSignalsOnlyWithGoodAngle – For some people it is useful if you select only the best crosses and the angle that it produce is interesting for people
- Angle_Amount_From_1_to_89 – The amount of angle. Between 80 and 89 are the most significant force in angles
- ShowK_EntriesToOverSoldOverBoughtAreas – It will allow you to select if you need to be alerted when it enters to oversold or overbought areas
- ShowK_ExitsFromOverSoldOverBoughtAreas – The same as previous parameter but for exist from those areas
- OverBoughtLevel – You can define here the level you want for Overbought, 80 or 75 for example
- OverSoldLevel – 20 or 25 for example here
- OnlyUseCrossesAtUserDefinedTimeWindow – Depending on the pair, index or stock you work on, you could find useful to select 2 timeframes to be alerted only between these two temporal window. This is a boolean, and if selected to true, the following parameters are needed
- UserDefinedTimeWindow1_FromHour – First time Window. Introduce here an integer value to represent the hour value @Brokertime
- UserDefinedTimeWindow1_FromMinute – The same for Minute @Brokertime
- UserDefinedTimeWindow1_TillHour – Numerical integer for ending hour time
- UserDefinedTimeWindow1_TillMinute – Integer for minute ending time
- UserDefinedTimeWindow2_FromHour – This and the following parameters are for the second temporal window
- UserDefinedTimeWindow2_FromMinute
- UserDefinedTimeWindow2_TillHour
- UserDefinedTimeWindow2_TillMinute
- ShowAlertsOnWindow – Boolean, a select to define if you want to be alerted by the alerts MT4 window
- SendNotificationToMobile – Boolean, define if you want to be alerted to your MT4 app on your phone or tablet
- SendEmail – Boolean, you can be e-mailed to your e-mail one it is configured on your MT4 Platform
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