Complete Stochastic Indicator for MT4 Download - Free - [TFlab]

Indicator Table

Indicator at a Glance

The Complete Stochastic Indicator comprises three primary lines, each serving a distinct purpose. The blue line (%K) reflects price momentum and is the fastest moving line among the three, responding quickly to price changes. The green line (%D) represents the moving average of %K, which helps smooth out short-term fluctuations and provides a clearer view of the trend. Lastly, the orange line (%K Slow), commonly referred to as the slow line, is a more refined and smoother version of the %K line, offering a steadier signal for identifying potential market reversals.

Indicator in an Uptrend

In the 4-hour Bitcoin (BTC) chart, when the %K, %D, and %K Slow lines fall below level 20, and the %D line crosses above the %K Slow line, this can be interpreted as a buy signal.

Under such conditions, traders can enter aBuy position after confirming additional signals.

Indicator in a Downtrend

The following chart represents the GBP/JPY pair in a 1-hour timeframe. When the lines are positioned above level 80, and the %D line crosses below the %K Slow line, this could indicate a sell signal.

In such cases, traders can consider entering aSell position after further confirmation.

Indicator Settings

• Chart Theme: Chart background color;
• K Period: Period for calculating the %K line; default is 89 candles;
• Slow K Period: Period for calculating the Slow %K line; default is 55 candles;
• D Period: Period for calculating the %D line; default is 34 candles;
• Show K Line: Displays the %K line;
• Show K Slow Line: Displays the Slow %K line;
• Show D Line: Displays the %D line.

Conclusion