This index sends alerts using one of the most popular methods used from the Stochastic Oscillator. It looks like this:

• buy alert once the oscillator line (either MAIN [%K] or SIGNAL [%D]) falls below a certain amount (such as, 20) then climbs above that amount.
• sell alert when the oscillator line rises above a certain level (such as, 80) and then falls below that level.

Note: this tool was developed on the basis of the Stochastic Oscillator code, that’s available in the standard delivery of the MetaTrader 4 terminal

• You can empower 4 types of signs:
• MAIN entering OB / OS zones (The main line enters the overbought/oversold zones): sends an alert when the main line [%K] enters the overbought or oversold zones defined by the levels.
• MAIN exiting OB / OS zones (The main line exits the overbought/oversold zones): sends an alert when the main line [%K] comes out of the overbought or oversold zones defined by the levels.
• SIGNAL entering OB/OS zones (The signal line enters the overbought/oversold zones): sends an alert when the signal line [%D] enters the overbought or oversold zones defined by the levels.
• SIGNAL exiting OB / OS zones (Signal line exits overbought/oversold zones): sends an alert when the signal line [%D] exits the overbought or oversold zones defined by the levels.
• The user can set not only the Stochastic parameters, but also the levels at which signals will be sent (for example: 30 and 70 instead of 20 and 80, set by default);
• Signals are given at the closing of the last bar/opening of a new bar;
• You can enable all types of alerts: dialog box, email message, SMS notifications for smartphones and tablets, audio alerts;
• By default, the chart draws up arrows as a buy signal and down arrows as a sell signal;
• The user can select the rendering styles of arrows;
• Works on any instrument (even the most exotic) and any timeframe;
• Compatible with any MetaTrader platform regardless of the number of characters in quotes or other parameters;
• Compatible with any other tool (indicator, Expert Advisor or script), does not affect the operation of the terminal and trading operations.

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• MAIN entering OB / OS zones (The main line enters the overbought/oversold zones): sends an alert when the main line [%K] enters the overbought or oversold zones defined by the levels.
• MAIN exiting OB / OS zones (The main line exits the overbought/oversold zones): sends an alert when the main line [%K] comes out of the overbought or oversold zones defined by the levels.
• SIGNAL entering OB/OS zones (The signal line enters the overbought/oversold zones): sends an alert when the signal line [%D] enters the overbought or oversold zones defined by the levels.
• SIGNAL exiting OB / OS zones (Signal line exits overbought/oversold zones): sends an alert when the signal line [%D] exits the overbought or oversold zones defined by the levels.

• Receive Alerts When-a signal for triggering alerts. For example, if you set [Main line enters overbought/oversold zones], then alerts will be served only when the main line enters overbought or oversold zones.
• Signal Buy Arrow Type Code – the type of arrow used as a buy signal.
• Signal Buy Arrow Width – the width of the arrow of the buy signal [values from 1 to 5].
• Signal Buy Arrow Color – the color of the arrow of the buy signal.
• Signal Sell Arrow Type Code – the type of arrow used as a sell signal.
• Signal Sell Arrow Width – the width of the arrow of the sell signal [values from 1 to 5].
• Signal Sell Arrow Color – the color of the arrow of the sell signal.
• Turn off all alerts-if ‘true’, all types of alerts/notifications will be disabled.
• Enable dialog box alert-if’ true’, enables pop-up alerts.
• Send email as alert – if ‘true’, messages will be sent to the email address.
• Send SMS as alert-if ‘true’, push notifications will be sent to mobile terminals.
• Play a sound as alert – if ‘true’, a sound signal will be given.
• Sound to be played-select the file to play when an audio signal is given.

Here you can find other indicators of the ‘Alerts series’. We will continue to release new indicators with alert functions, implemented at a low cost. Feel free to ask for any specific indicator that you want to improve with these features by sending us an email to [email protected] with the theme “Request for alerts serie indicator” (“Request for the alerts series indicator”). But don’t forget to first check if your requirements are already implemented in one of the released indicators.

We are a small team of programmers/traders, providing professional programming services for the world of trading, mainly for the MetaTrader platform. Our team has an average of about 7 years of trading experience and an average of about 6 years of experience in creating programs for MetaTrader. We have developed scripts, indicators and Expert Advisors for many clients around the world and for our own use.

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