Re: Stochastic indicators for MT4

1102
The Anti trading system
The main idea of this one is trading the trend after the completion of a correction. The particularity of the system is the use of the Stochastic Oscillator for defining the end of the pullback and the continuation of the main trend.

The Stochastic parameters are 7.10.3. The trend direction is in accordance with the slow line of the oscillator, while the quick line signals the end of the pullback. The trade is entered when both lines move in the same direction. What deserves the most attention is the hook under the slow line. The order is held strictly one day, with a TP placed at the end of the day and an SL — under the minimum/maximum of the signal candlestick.

Could someone make a indicator that alerts when both the k/d lines are aligned int he same direction with arrow

Re: Stochastic indicators for MT4

1103
I do not know where this indicator came from and has probably been amended and renamed a thousand time in the past but it looks very good to me.
Is there any way that the indicator can be adjusted so the 'look back' period for the stochastic trendlines can be changed to a user chosen period?
Also could the thickness of the divergence coloured lines be changed to size 4 (for ease of recognition).
Here is an illustration of it as it is now.
TEAMTRADER

Re: Stochastic indicators for MT4

1104
256robertm wrote: Sun Aug 27, 2023 1:19 pm The Anti trading system
The main idea of this one is trading the trend after the completion of a correction. The particularity of the system is the use of the Stochastic Oscillator for defining the end of the pullback and the continuation of the main trend.

The Stochastic parameters are 7.10.3. The trend direction is in accordance with the slow line of the oscillator, while the quick line signals the end of the pullback. The trade is entered when both lines move in the same direction. What deserves the most attention is the hook under the slow line. The order is held strictly one day, with a TP placed at the end of the day and an SL — under the minimum/maximum of the signal candlestick.

Could someone make a indicator that alerts when both the k/d lines are aligned int he same direction with arrow
Hello, I modified one indicator,is this what you want?


Re: Stochastic indicators for MT4

1106
"SMACD" for MT4 and MT5 - created by dap711 (Dwain) from Steve Hopwood Forum

This is an indicator I saw from the Steve Hopwood Forum posted in the thread "Dwain's SMACD Indicator".

I'm not allowed to post the link to that forum but you can look up the thread name and see everything there. However, I will post his insights about why he created this indicator and what it can do for traders:

"So, I've been doing a lot of stock trading recently and found that the Stochastic Momentum Index (SMI) indicator found in ThinkOrSwim to be very useful in making my trade decisions. I then went looking for the same for MT5 and came across one made by mladen. After playing with the new toy, I realized that the convergence and divergence of the SMI would give a much better signal. So, here it is my friends .. move over MACD, for SMACD."

"The rules to trading SMACD are fairly simple . (1) Identify higher TF trend. (2) Enter trade with the trend at the crossover and exit when color changes."

"I've been doing some back testing as well. Because this is a brand new indicator .. I wasn't sure about the settings. The defaults seem to be a little fast. Try these settings for a different point of view .. 20, 5, 3, 50. I'm making money on the M1 using those settings. But, I'm also using currency strength to pick the strongest against the weakest pairs."

"I will say this about SMACD .. it's a leading indicator .. not always perfect .. but most of the time gives you a few bars notice of trend change or pullback notice."

"That was the basis of my indicator as mentioned in post one [referring to Mladen's "Stochastic Momentum Index" indicator freely published on MQL5.com in 2018]. However my indicator uses the convergence/divergency of the signal, like MACD does with MA's. I think SMACD is a little more leading than just SMI [NOT to be confused with the Standardized MACD (SMACD) floating around in the Internet]."

"Anyway, I've developed this same indicator in ThinkOrSwim and use it daily to trade options. I've found that with stocks, it's best used with a daily TF. Next step is to created it in TradingView and automate stock trading."

dap711 originally coded this for MT5 as that's his trading platform and had no intention to port it over to MT4. But thanks to dap711's permission to get the source code, and a big thanks to the awesome efforts of mrtools, this indicator and its source code are now fully available and updated for both MT4 and MT4.

dap711's default settings for SMACD are:
  • Length = 5
  • Smooth period 1 = 5
  • Smooth period 2 = 4
  • SMI signal period = 8
mrtools's default settings are:
  • Length = 13
  • Smooth period 1 = 25
  • Smooth period 2 = 2
  • SMI signal period = 5
A couple of pictures are posted below. dap711's original indicator had levels of +40 and -40, which I have manually added:

dap711's default settings

dap711's suggested settings for trading on the M1 timeframe

mrtool's default settings

The indicator files are attached here. Have fun and let me know what you think!

Re: Stochastic indicators for MT4

1110
hi guys!
please need help
I got this indicator but need little fixing. it gives alerts but doesnt show the pair on the list instead it shows on the body of the alert window (screenshot is attached along with the indicator). can anyone help please to make it simple and show just a pair and up/down signals? I need simple like NZDCHF UP or NZDCHF DOWN and nothing else.
thanks very much in advance!


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