The Div Stoch V5 Forex Signals MT4 Indicator is a signals indicator based on the popular Stochastic trading indicator.
It’s an enhanced version that shows you nice entry signals together with the overall trend (colored green/red histogram).
The Div Stoch V5 Forex indicator for MT4 let’s you ride the trend for good profit.
After loading onto the chart, the indicator will popup as a colored trend histogram underneath the main activity chart.
The indicator can be applied to any pair and time frame of your preference.
- A green Div Stoch V5 histogram represents a bullish trend.
- A red Div Stoch V5 histogram represents a bearish trend.
- Trade entry is very easy with this indicator, even for beginners.
- Works for scalping, day trading and swing trading.
Feel free to explore the Div Stoch V5 Forex Signals indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/JPY M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Div Stoch V5 Forex Signals MT4 Indicator
Buy Signal: Open a buy trade whenever the Div Stoch V5 Forex Signals MT4 Indicator prints the first green bar on the chart (see chart example above).
Place a stop loss below immediate support or nearest consolidation level, or use your own favorite SL method.
Exit the buy trade when the first red bar appears on the chart, or use your own favorite take profit method.
Sell Signal: Open a sell trade whenever the Div Stoch V5 Forex Signals MT4 Indicator prints the first red bar on the chart.
Place a stop loss above immediate resistance or nearest consolidation level, or use your own favorite SL method.
Exit the sell trade when the first green bar appears on the chart, or use your own favorite take profit method.
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Stochastic period, sensitive, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: stochastic
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.