Watch the testing video here:
Stochastic Oscillator Metatrader 4 Forex Indicator
The Stochastic Oscillator is a very popular Metatrader 4 indicator and often used in forex strategies and systems.
The indicator fluctuates between 0 and 100.
Value 0 is extremely oversold, value 100 is extremely overbought.
The indicator is very often used to trade overbought and oversold market conditions in trending markets.
It works best combined with a trend indicator, for example, moving averages, Bollinger Bands, ADMI,..
Stochastic works for scalpers, day traders, swing traders and position traders.
The EUR/USD H4 chart below displays the Stochastic Oscillator forex indicator in action.
Share this on: