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Re: MT4 Indicators with alerts/signals

Abdi, Thu Nov 28, 2024 11:40 pm

TEAMTRADER wrote: Wed Nov 27, 2024 5:56 am Abdi,
The 15m stochs signal is from the K/D cross in the 15m chart.
In the chart grabs below the first illustration is when the arrow/line appears - it is not 15m until the signal appears. It gives time to assess the validity of the signal and in this specific trade it was a good signal.
The second chart is the finish of the uptrend and gives time to assess if this is indeed the top of this upmove - there is divergence but this is a strong upmove and it could well 'disappear' as the upmove continues. Price never moves up forever.
I have also added a background zone indicator to show when stochs 233 is over 95 (pink) or under 5 (palegreen). It just gives a better chance of winning trades.
TEAMTRADER

Thanks. I see.
I adjustet the chart a bit for my ayes. The histo is the Rsx, i think the devergences can also be seen on in the Stochastics. The arrows and dots are signals of the Stochastics 21.4 exiting the ob/os levels.

I personaly have problems with exits. Either too early or too late :D. Do you do it with this system purely mechanical? Exit the trade when the Stoch for example crosses the opposite ob/os levels?

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