Forex Color Stochastic Indicator
From the Old Kings archive: Forex Color Stochastic Indicator, an indicator for MetaTrader 4. Judging by its name, it is built around the Stochastic oscillator. In the code it works with the Stochastic oscillator. It can send alerts. It has 12 settings, for example note1 (default Stochastic settings), KPeriod (default 30) and Slowing (default 10). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Color Stochastic Indicator
Forex Color Stochastic Indicator is an indicator for MetaTrader 4 based on Stochastic. It can alert you with a pop-up, sound, email or push message. It has 12 settings, such as Note1, K period and Slowing. MQL source code included.
Files in the download: Color_Stochastic.ex4, Color_Stochastic.mq4, installation manual.txt.
Settings
| Setting | Default | What it does |
|---|---|---|
| Note1 | Stochastic settings | |
| K period | 30 | Period or timeframe used by the calculation |
| Slowing | 10 | |
| D period | 10 | Period or timeframe used by the calculation |
| Note4 | 0=sma, 1=ema, 2=smma, 3=lwma | |
| Ma method | 0 | |
| Note5 | 0=high/low, 1=close/close | |
| Price field | 1 | |
| Note6 | overbought level | |
| Over bought | 80 | |
| Note7 | oversold level | |
| Over sold | 20 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Stochastic · Alerts · MT4 Indicator · MQL4 Source Code