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Advance Stoch Trend Colored

The principle of this indicator is very simple: detecting the trend with Moving Average, then monitoring the return point of a chart by using the crossing of Stochastic Oscillator and finally predicting BUY and SELL signals with arrows, alerts and notifications. The parameters are fixed and automatically calculated on each timeframe.

Example:

  • If you install indicator on EURUSD M5: the indicator will detect the main trend with the Moving Average on this timeframe (for example, the Moving Average indicates the "up trend")
  • If the indicator detects the "up trend", it will monitor for Stochastic Oscillator to show "cross up" of the main line/signal line below position the lower 20 level for reversal trend, or between 80-20 position level for follow trend
  • Finally, the indicator will show an "up arrow" in the chart window and send alert message with notification, such as "BUY EURUSD"
  • If the indicator detects opposite conditions of above, it will show the opposite result.


Installation

  • Attach this indicator to the chart window of currency pairs
  • The recommended currencies are EURUSD, GBPUSD, USDJPY, EURJPY, GBPJPY, USDCHF, GBPCHF and XAUUSD
  • The recommended timeframes are M1, M5, M15, M30, H1, H4 and D1


Parameters

  • Trend Period1: 3 – amount of candlesticks on the current trend period
  • Trend Period2: 17 - amount of candlesticks on the current trend period
  • Stoch_K_Period: 5 - Stochastic setting. Period for calculating the Stochastic %K line.
  • Stoch_D_Period: 3 - Stochastic setting. Averaging period for calculating the %D line.
  • Slowing: 3 - Stochastic setting. Slowing value.
  • Fast_SMA_Period: 2 - SMA period.
  • Slow_SSMA_Period: 3 - SSMA period.
  • Audible_Alerts: enable/disable audible alerts.
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This dashboard shows the latest available harmonic patterns for the selected symbols, so you will save time and be more efficient / MT5 version . Free Indicator:   Basic Harmonic Pattern Indicator columns Symbol:  the selected symbols will appear Trend:   bullish or bearish Pattern:  type of pattern (gartley, butterfly, bat, crab, shark, cypher or ABCD) Entry:  entry price SL:  stop loss price TP1:   1st take profit price TP2:  2nd take profit price TP3:  3rd take profit price Current price: 
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