Double Smoothed Stochastic is a custom forex non repainting indicator with an alert, based on the Stochastic oscillator and Exponential moving average indicators. You will find also find buy/sell trading arrows. You can use this indicator used for scalping, day trading, swing trading, and trend following too!
How to use the Double Smoothed Stochastic Non Repaint indicator:
Below you can find trading rules of the Double Smoothed Stochastic indicator.
Sell entry signals
Open short order (sell trade) when the following conditions are met:
- The signal of the indicator is red and line color is orange.
- Double Smoothed Stochastic is greater than 80.
Buy entry signals
Open long order (buy trade) when the following conditions are met:
- The signal of the indicator is blue and line color is green.
- Double Smoothed Stochastic is greater less than 20.
Exit trade / take profit suggestions:
Close sell trade when the indicator gets a buy signal.
Close buy trade when the indicator gets a sell signal.
Stochastic Period = 55
EMA Period = 15
How to install the Double Smoothed Stochastic Non Repaint Indicator on your Metatrader 4 trading plaftform?
- Download the indicator by clicking “LINK” button at the bottom of this post.
- Copy and paste the Double Smoothed Stochastic Non Repaint indicator files into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.
- You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
- Restart your Metatrader 4 Client.
- Select Chart and Timeframe where you want to test the indicator
- Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
- Right click on Double Smoothed Stochastic arrow alert.ex4 and than click “Attach to the chart”.
- You can modify settings if you need and than click ok.
- The indicator is ready and running on the chart.
In the archives you will find following Metatrader 4 files included:
- Double Smoothed Stochastic arrow alert.ex4
Double Smoothed Stochastic Non Repaint Indicator Free Download
To download the Double Smoothed Stochastic Non Repaint indicator for Metatrader 4 (MT4) for free just click the button below: