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Foreign exchange trading is one method to make big as well as steady earnings in a reasonably brief
Bollinger Bands Width indicator - eliminating the shortcomings of BB
Bollinger Bands or Bollinger Bands (BB) are a network sign that has a significant dis
This indicator is based on Stochastic, applied on one or more timeframes and on any cross-pair.
When a buy or sell signal is detected, the indicator displays a pop-up alert. It also draws a vertical bar on the price chart: green for buy, red for sell, yellow for flat.
Pop-up messages and vertical bars are displayed for BUY or SELL signals when the Stochastic values are consistent on all selected timeframes, otherwise a FLAT signal is generated.
- Detecting a Stochastic signal on one or more timeframes
- Setting Stochastic Levels
Good results were obtained with the default parameters.
For example: you run the indicator on a chart with the H1 timeframe, set Active_Stochastic_for_H1 to ” true “and Active_Stochastic_for_H4 to” true ” (standard settings).
Standard settings of the Stochastic indicator:
However, you can set the “Active_Stochastic” parameters at your discretion (for example: only H1, or M5 and H1, etc.). Similarly for the Stochastic parameters.
Stochastic Monitoring Timeframe Activation-enable the timeframe for tracking Stochastic signals
- Active_Stochastic_for_M1 – true/false.
- Active_Stochastic_for_M5 – true/false.
- Active_Stochastic_for_M15 – true/false.
- Active_Stochastic_for_M30 – true/false.
- Active_Stochastic_for_H1 – true/false.
- Active_Stochastic_for_H4 – true/false.
- Active_Stochastic_for_D1 – true/false.
- Active_Stochastic_for_W1 – true/false.
- Active_Stochastic_for_MN1 – true/false.
Stochastic Parameters Setting-Setting the Stochastic parameters
- Stochastic_KPeriod – the period for calculating the %K line.
- Stochastic_DPeriod – the averaging period for calculating the %D line.
- Stochastic_Slowing – deceleration value.
In the examples in the screenshots, there is a Stochastic oscillator that appears in separate windows. It is not the result of “MTF_Stochastic_Signals”.
You can display it by running the standard oscillator from the delivery of MetaTrader 4 or another free program (for example, #MTF Stochastic 2.0).
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