Complete Stochastic Indicator Download for MT5 - Free - [TFlab] | Forex Indicator Download - MetaTrader 5 Resource

Indicator Table

Indicators at a glance

The blue %K line represents the price momentum , which is the fastest among the three lines. The green %D line shows the moving average of %K as a measure to reduce volatility.

The last line is called K Slow, shown in orange, and is a smoothed version of the %K line, often called the "slow line."

Indicators are in an upward trend

In an uptrend, price initially continues to fall, forming lower lows. The chart below shows the Swiss Franc against the Japanese Yen (CHF/JPY).

Here, the %K and %D lines are near or below the 20 level (oversold condition). If the %D line crosses the K slow line from below, it may mark the beginning of an uptrend.

Indicators are in a downward trend

In a downtrend, price initially continues to rise, forming higher highs. Under these conditions, the %K and %D lines are located near or above the 80 level (overbought conditions).

If the %D line crosses below the K slow line from above, it may signal a continuation of the downtrend.

Indicator Settings

• Chart Theme: Chart background color;
• K Period: Calculate the period of %K line; the default is 89 candles;
• Slow K Period: Calculate the period of the slow %K line; the default is 55 candles;
• D Period: Calculate the period of %D line; the default is 34 candles;
• Show K Line: Display %K line;
• Show K Slow Line: Displays the Slow %K line;
• Show D Line: Display %D line.

Conclusion

The Complete Stochastic indicator is a powerful tool for identifying bullish and bearish trends and pinpointing trade entry and exit points.

By observing the position of the %K and %D lines relative to the 80 and 20 key levels, traders can assess market buy and sell pressure.

In addition to other trading aid indicators and confirmations for MT5, traders can make better decisions.