This is another variant of stochastic indicator. The normal stochastic indicator gives buy, sell signals many times even if price is trading on single direction. This indicator gives less signals i.e. filters out false signals and gives clear alert on screen for buy or sell.
Another point, which I must disclose here is that I’m not the original coder of this indicator. I’ve changed some code and added alerts. Credit goes to original coder.
MT4 Indicators – Download Instructions
Doda-Stochastic Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Doda-Stochastic Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Doda-Stochastic Indicator.mq4?
- Download Doda-Stochastic Indicator.mq4
- Copy Doda-Stochastic Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Doda-Stochastic Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Doda-Stochastic Indicator.mq4 is available on your Chart
How to remove Doda-Stochastic Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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MT4 Indicators Download here: Doda-Stochastic Indicator