Stochastic Overbought Oversold 2
This Old Kings indicator for MetaTrader 4 is called Stochastic Overbought Oversold 2. Its name points to the Stochastic oscillator. In the code it works with the Stochastic oscillator. It draws arrows on the chart and can send alerts. It has 9 settings, for example K period (default 5), D period (default 3) and Slowing (default 3). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file 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 Stochastic Overbought Oversold 2
Stochastic Overbought Oversold 2 is an indicator for MetaTrader 4 based on Stochastic. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 9 settings, such as K period, D period and Slowing. MQL source code included.
Files in the download: Stochastic_Overbought_Oversold.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| K period | 5 | Period or timeframe used by the calculation |
| D period | 3 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| Over bought value | 80 | |
| Over sold value | 20 | |
| Arrow distance pips | 5 | Distance between orders |
| Send email | true | Turn this alert on or off |
| Audible alerts | true | Turn this alert on or off |
| Push notifications | true | 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 · MT4 Indicator · MQL4 Source Code