Stochastic Cross Alert Indicator MT5 Download – Free | Gold EA Download – MetaTrader 5 Resources

The Stochastic Cross Alert indicator is one of the trading tools MetaTrader 5 . It is an enhanced version of the classic stochastic oscillator .

This indicator generates trading signals under specific circumstances: firstly, when the crossover of two stochastic lines occurs, and secondly, when the stochastic lines exit the overbought or oversold area .

Stochastic Cross Alert Indicator Table

Below is a table of stochastic cross alert indicators.

Bullish trend signals in indicators

On the golden 1 hour chart, the Stochastic Cross Alert indicator was placed, showing buy signals . Price is trending upward , and traders can use this indicator to identify trading opportunities.

Bearish trend signals in indicators

On the 30-minute USD/CAD chart, the price is in a downward trend , and the Stochastic Cross Alert indicator is placed on the chart. Traders can use buy and sell signals to enter or exit trades from the indicator.

Stochastic Cross Alert Indicator Settings

The image below shows the Stochastic Cross Alert indicator with the following settings:

• Stochastic K%: Select the period of the random K line.
• Stochastic D%: Select the period of the stochastic D line.
• Stochastic Slowing: Select the period of the stochastic slowdown line.
• Stochastic MA method: Select the moving average method of the stochastic indicator.
• Stochastic Price: Select the price calculation type of the stochastic indicator.
• Stochastic Overbought: Sets the overbought level of the stochastic indicator.
• Stochastic Oversold: Sets the oversold level of the stochastic indicator.
• Alert Type: Set the alert type based on three conditions: Stochastic line crossover, entering overbought/oversold territory, or exiting overbought/oversold territory.
• Calculation: Choose calculation based on the candle's opening or closing price.
• Alert ON: Enable or disable alerts.
• Alert Message ON: Enable or disable alert messages.
• Alert Email ON: Enable or disable email alerts.
• Draw Arrows: Enable or disable displaying signals on the chart.
• Up Arrow Code: Set the buy signal code according to MQL.
• Down Arrow Code: Set the sell signal code according to MQL.
• Arrow Size: Set the size of the signal arrow.
• Lookback: Sets the number of candles used to calculate and display on the chart.

Conclusion

The Stochastic Cross Alert indicator is an oscillator for MetaTrader 5 . Traders can use this indicator to understand trading opportunities and take advantage of buy and sell signals.

By sending alerts, this indicator enables traders to keep up to date with the stochastic indicator's status, allowing them to perform more professional analysis of the charts using personal strategies.