Download MT5 Stochastic Alert Indicator For Free and receive notifications via Email, App and On Screen when the RSI enter in an Overbought or Oversold area or when it returns in normal area.
What Is The Stochastic Indicator
The Stochastic indicator is a popular technical indicator of the family of the oscillators.
The Stochastic oscillator has a value between 0 and 100 and traders use it to spot overbought and oversold areas.
You can see this indicator as two lines fluctuating between 0 and 100.
Typically a value above 80 means that the instrument is overbought and due to a retracement. Instead, a value below 20 means a situation of oversold.
MT5 Stochastic Alert Indicator
The Metatrader 5 platform includes the Stochastic between its indicators, however this comes without any notification feature for overbought and oversold areas.
In many cases it is useful get a notification when the Stochastic goes into overbought or oversold area or when it goes back into normal area, because they could be trading opportunities.
In some strategies you can also use as signal the cross between the main and the secondary line.
You can benefit from this alert especially with Trend Reversal strategies.
To repair to this missing feature, you can here Download MT5 Stochastic Alert Indicator.
This indicator allows you to get notification when some conditions trigger. You can receive notifications via:
- Mobile App
- On Screen
Another interesting feature of the MT5 Stochastic Alert Indicator is that it can draw Buy and Sell signals in the shape of arrows when the signal happens.
MT5 Stochastic Alert Indicator Installation
To install the MT5 Stochastic Alert Indicator please follow the instructions below:
- Download the indicator file
- Open the Metatrader Data Folder (In File > Open Data Folder)
- Open the MQL5 Folder
- Copy the file in the Indicators Folder
- (If you downloaded the source code version) Copy the Icon file in the MQL5/Files folder
- (If you downloaded the source code version) Copy the Error Handling and Utils files in the MQL5/Include folder
- Restart Metatrader
For more detailed instruction on how to perform the installation please visit this article.
Please feel free to leave a feedback regarding the indicator or Contact Us for anything else.