The Stochastic Crossing Signals MT4 forex indicator is composed of the Stochastic oscillator and a moving average indicator.
The indicator draws buy and sell signal arrows on the chart based on the crossing of both indicators.
- Green indicator up arrows indicate bullish price action and traders look for buy trade opportunities
- Red indicator down arrows indicate bearish price action and traders look for sell trade opportunities
You can modify both indicator values directly from the indicator’s input tab.
Feel free to experiment with the settings.
The indicator can be applied to any currency pair (majors, cross pairs, exotics) and timeframe of your choice.
It’s highly recommended to trade the Stochastic Crossing Signals indicator in agreement with a longer period trend following forex indicator and trade in the direction of the underlying direction of the trend.
Overall trend up? Only trade buy arrows and ignore the sell arrows.
Overall trend down? Only trade sell arrows and ignore the buy arrows.
The GBP/USD H4 chart below displays the Stochastic Crossing Signals forex indicator in action.
Basic Trading Signals
Signals from the Stochastic Crossing Signals forex MT4 indicator are easy to interpret and goes as follows:
Buy Signal: Open buy position when the indicator paints a green arrow on the chart.
Sell Signal: Open sell position when the indicator paints a red arrow on the chart.
Trade Exit: Close the open trade when an opposite signal occurs, or use your own method of trade exit.
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern
Customization options: Variable (KPeriod1, DPeriod1, Slowing1, MAMethod1, ArrowType, Alerts, SendAnEmail) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the stoch-crossing.mq4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)