Forex Stochastic Color Classic Indicator
Forex Stochastic Color Classic Indicator — a MetaTrader 4 indicator kept in the Old Kings collection. Judging by its name, it is built around the Stochastic oscillator. Its source code uses the Stochastic oscillator and ATR. It draws arrows on the chart, can send alerts and can read another timeframe. It has 19 settings, for example KPeriod (default 14), Slowing (default 3) and DPeriod (default 3). Attach it to a chart to see what it draws, then compare it with price on a few timeframes. 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 Stochastic Color Classic Indicator
Forex Stochastic Color Classic Indicator is an indicator for MetaTrader 4 based on Stochastic and ATR. It draws buy and sell arrows on the chart, can alert you with a pop-up, sound, email or push message and can show data from another timeframe (MTF). It has 19 settings, such as K period, Slowing and D period. MQL source code included.
Files in the download: installation manual.txt, stochastic_color_v1.02classicb.ex4, stochastic_color_v1.02classicb.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| K period | 14 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| D period | 3 | Period or timeframe used by the calculation |
| Ma method | 2 | |
| Price field | 0 | |
| Over bought | 80 | |
| Over sold | 20 | |
| Time frame | Current TF | Period or timeframe used by the calculation |
| Show bars | false | |
| Bars level | 5 | BarsLevel 0-100 |
| Bars size | 2 | 0-5 |
| Show arrows | true | |
| Arrow up clr | LimeGreen | |
| Arrow dn clr | Red | |
| Arrow size | 1 | |
| Alerts on | false | Turn this alert on or off |
| Alerts message | true | Turn this alert on or off |
| Alerts sound | false | Turn this alert on or off |
| Alerts email | false | Turn this alert on or off |
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 · Buy/Sell Arrows · Alerts · Multi-Timeframe (MTF) · ATR · MT4 Indicator · MQL4 Source Code