High accuracy Stochastic Oscillator BUY SELL Arrows with Alert Indicator for MetaTrader 4 – This indicator provides Buy/Sell arrows based on exit from the Overbought and Oversold zones in Stochastic Oscillator.
- A BUY arrow is printed when Stochastic oscillator exits from the Oversold Zone.
- A SELL arrow is printed when Stochastic oscillator exits from the Overbought Zone.
- Very good indicator to collect some quick pips in scalping.
- Signals can appear in non-alternate manner i.e. a BUY signal can be printed after a previous buy and similarly a SELL signal can be printed after a previous sell.
- Popup, Email and Push notifications alerts are included.
The Stochastic Ooscillator is a momentum indicator comparing the closing price of a security to the range of its prices over a certain period of time.
The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a moving average of the result.