Stochastic Oscillator V6 MTF Metatrader 4 Indicator

The Stochastic oscillator V6 MTF Forex indicator for MT4 provides accurate overbought and oversold market levels based on 3 different time frames.

You can choose the time frames yourself from the indicator’s input parameters. Experiment with this option!

Overbought and oversold trade conditions from the Stochastic oscillator V6 MTF goes as follows:

  • Price is considered overbought when it reaches the +30 value. We’re looking for short signals in this case, on the condition that the overall trend is downward.
  • Price is considered oversold when it reaches the -30 value. We’re looking for buy signals in this case, on the condition that the overall trend is upward.

It’s important to know the overall trend. You can use for example the 100 exponential moving average to achieve this.

Price above the 100 EMA? Trend upward.

Price below the 100 EMA? Trend downward.

Download This MT4 Forex Indicator Free

Download the “3-stochastic-v6.ex4” Metatrader 4 indicator

Stochastic oscillator V6 MTF Indicator Chart

Here’s an example of how the Stochastic oscillator V6 MTF indicator should look like when loaded onto the Metatrader 4 chart.

You can apply the indicator to any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With Stochastic oscillator V6 MTF Technical Analysis Chart Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Open buy order when the Stochastic oscillator V6 MTF Forex indicator turns back above -30 and the overall trend is upward.

Place stop loss below immediate support.

Close the buy trade at a fixed profit target of 1:1 reward:risk or better.

Sell Trigger: Open sell order when the Stochastic oscillator V6 MTF Forex indicator turns back below +30 and the overall trend is downward.

Place stop loss above immediate resistance.

Close the sell trade at a fixed profit target of 1:1 reward:risk or better.

Download This Forex Indicator Now

Download the “3-stochastic-v6.ex4” MT4 indicator

Adjustable Parameters

Alert ON, K period, D period, slowing, period 1, period 2, period 3, colors, width, style.

Usage

Combine the Stochastic oscillator V6 MTF Forex indictor with:

  • Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
  • Price action methods and techniques

More Info About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT4

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: oscillator

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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