TEAMTRADER wrote: Fri Sep 05, 2025 6:52 am Thanks Mr Tools for the adaptation.
Just to clarify it for me, the cross of the K/D is either yes or no, green or red, so how can a yellow signal occur?
Many thanks
TEAMTRADER

Yeah, you shouldn't be getting a yellow, best I can guess is maybe not enough data for that symbol.

OK thanks.
Hoping that someone will be able to make a signal/alert version of when stochastics K/D cross in one direction in the primary timeframes of D1 down to 1m, as that is the objective.
Even if it was restricted to 4hr as the upper TF it would be a gamechanger.
TEAMTRADER

Hello, fellow traders.
Over the weekend, I discovered the usefulness of having a stochastic indicator when you are trading on a lower TF like M5. I was wondering if the indicator can be modified to display an arrow or histogram color whenever the signal line touches the overbought or oversold levels or if there is already one available that can do something similar. Signal line only. Thanks.

Coolcrow wrote: Mon Sep 08, 2025 7:37 pm Hello, fellow traders.
Over the weekend, I discovered the usefulness of having a stochastic indicator when you are trading on a lower TF like M5. I was wondering if the indicator can be modified to display an arrow or histogram color whenever the signal line touches the overbought or oversold levels or if there is already one available that can do something similar. Signal line only. Thanks.

Hello, not sure maybe this.

mrtools wrote: Mon Sep 08, 2025 8:31 pm Hello, not sure maybe this.

Yes. Perfect. It's working just how I want it to. I also love the many customization options it comes with. Thank you Mr. Tools!

Premier Stochastic Oscillator by Lee Leibfarth for MT4

This indicator lets you respond quickly to changes in market direction.

As with any business, trading requires researching unique ideas that can be used to develop and maintain an edge in the markets. One place that traders can find inspiration is modifying existing technical indicators to meet their specific trading needs. It was this type of research and customizing that created the premier stochastic oscillator (PSO).

The premier stochastic oscillator is a technical indicator that provides a quick response to changes in market direction. This highly sensitive indicator allows for early anticipation of price turns and can be used to establish definitive trading zones that identify potential trading opportunities. In this article, I will discuss the theory behind this unique stochastic variation as well as some possible trading applications that can be used in today’s competitive emini futures markets.

Description

The PSO is a rewired version of a short-period stochastic. Unlike a standard stochastic oscillator, this indicator is normalized to register neutral values at zero while providing greater sensitivity to short-term price moves. This indicator uses a central zero line as a reference point and will oscillate above and below this point as price fluctuates. In addition, the PSO is smoothed by using a double exponential moving average to provide a more even response to turns in the market. The price chart of the emini Russell 2000 in Figure 1 shows both the PSO and standard, eight-period stochastic indicators as a comparison.

This is an update of an earlier Mladen coded version. Further reading can be found in the TASC article, here.

mrtools wrote: Wed Sep 10, 2025 10:17 am Premier Stochastic Oscillator by Lee Leibfarth

Further reading can be found in the August 2008 issue of the Technical Analysis of Stocks and Commodities magazine. Article attached to this post.

nbibu wrote: Thu Sep 25, 2025 4:51 pm hello! would it be possible to add average pack to this indicator? maybe arrows and alerts as well?
thank you.

Stochastic Velocity with All Averages + Arrows & Alerts

Hello, added averages, arrows, and alerts.

PS: For a description of the Stochastic Velocity and comparison to the original Stochastic Oscillator, please see this post.

mrtools wrote: Fri Sep 26, 2025 11:55 am Stochastic Velocity with All Averages + Arrows & Alerts

Hello, added averages, arrows, and alerts.

PS: For a description of the Stochastic Velocity and comparison to the original Stochastic Oscillator, please see this post.

To those who downloaded the file earlier, you may want to redownload again, there may have been an issue with the arrows, not sure but think I fixed it and reposted it in the original post.