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DSL – Stochastic Forex Signal Indicator (MT5)

    The DSL – Stochastic Forex Signal indicator for Metatrader 5 is mainly based on Stochastic and provides trading signals for both trade entries and exits.

    DSL – Stochastic can work together with an existing trading strategy or system as an additional buy/sell signals tool.

    The indicator appears in a separate chart window and is non-repaint, versatile and does not slow down the trading platform.

    Buy & sell signal:

    • A buy signal is given when the green signal line appears on the chart.
    • A sell signal is given when the orange signal line appears on the chart.

    Feel free to experiment with the indicator’s different settings and input values.

    The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

    Free Download:

    Download the “dsl-stochastic-indicator.mq5” indicator for MT5

    Indicator Example Chart (EUR/USD H1)

    The example chart below shows the DSL – Stochastic Forex Signal indicator in action on the MT5 trading platform.

    Trading Tips:

    Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with this Stochastic signals indicator.

    As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

    Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

    Indicator Specifications & Inputs:

    Trading Platform: Developed for Metatrader 5 (MT5)

    Trading Instruments: Works for Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies and Shares

    Time frames: Works for any time frame

    Trade Style: Works for scalping, day trading and swing trading

    Input Parameters: Variable (inputs tab), color settings & style

    Indicator type: Stochastic

    Does the indicator repaint? No.

    Download Now:

    Download the “dsl-stochastic-indicator.mq5” indicator for Metatrader 5

    How to install this indicator on Metatrader 5?

    Open the Metatrader 5 platform

    From the top menu, click on “File”

    Then click on “Open Data Folder”

    Then double click with your mouse button on “MQL5”

    Now double click on “Indicators”

    Paste the indicator in the Indicators folder.

    Finally restart the MT5 platform and attach the indicator to any chart.

    How to remove the indicator?

    Right click with your mouse on the chart that you have the indicator attached to.

    Select “Indicator List” from the drop down menu.

    Select the indicator and press delete.

    How to edit the indicator’s inputs and parameters?

    Right click with your mouse on the chart that you have the indicator attached to.

    From the drop down menu, click on indicators list.

    Select the indicator from the list and press edit.

    Now you can edit the indicator.

    Finally, press the OK button to save the updated configuration.

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