Super Stochastic Indicator MT5 Download – Free – [TradingFinder]

The Super Stochastic Indicator combines multiple algorithms to offer more precise trading signals than the classic stochastic version.

This indicator identifies and marks the intersection points between the signal and oscillator lines while highlightingoverbought and oversoldzones.

Its ability to detect trend reversals and market momentum makes it a suitable trading tool for various trading styles.

Advanced Stochastic Indicator Specifications

The features and specifications of the Super Stochastic indicator are presented in the table below.

Buy Trade Signal

The 15-minute chart of the AUD/USD pair shows the oscillator line turning red, indicating that the price has entered the oversoldzone. Next, the crossover point is marked with a blue arrow.

This marked point can be considered a potential opportunity for entering a Buy Position.

Sell Trade Signal

Based on the 1-hour Binance Coin (BNB) chart, the oscillator line turns green upon entering the overbought zone. A subsequent downward move in the lines suggests a bearish trend, and the indicator marks the bearish crossover with a yellow arrow.

Super Stochastic Oscillator Settings

The image below displays the settings panel of the Super Stochastic indicator in MetaTrader 5:

• K Period: Number of candles used to calculate the %K line;
• Slowing Period: Smoothing period applied to the %K line;
• D Period: Period for calculating the %D (signal) line;
• MA Method: Type of moving average used for calculations;
• Stochastic Price: Price type used for the oscillator calculation;
• Overbought Level: Threshold for overbought condition;
• Oversold Level: Threshold for oversold condition;
• Buy Area: Settings related to strengthening buy signals;
• Sell Area: Settings related to strengthening sell signals;
• Off Buy/Sell Area Marking: Enables graphical marking of buy/sell zones;
• K Period Cross Marking: Enables marking of %K line crossovers;
• K Period Cross Delay (Bars): Delay in marking crossover signals (in bars);
• Overbought/Oversold Delay (Bars): Delay in showing OB/OS zone entries (in candles);
• Alerts ON: Enables alerts;
• Alert on %K Cross: Triggers alert when %K crosses %D;
• Message for K Cross Alert: Sends a message when a crossover occurs;
• Alert on Buy/Sell Area Leave: Alert when the oscillator exits buy/sell zones;
• Message for Buy/Sell Area Leave: Displays a message when exiting buy/sell zones;
• Alert on Overbought/Oversold Leave: Alert when exiting overbought/oversold zones;
• Message for Overbought/Oversold Leave: Displays a message upon exiting OB/OS zones;
• Show Text Data: Displays the oscillator’s numerical values on the chart.

Conclusion

The Super Stochastic Indicator is a practical technical analysis tool that helps identify entry and exit points. It also highlights overbought and oversold areas, making it easier to detect potential trend reversals.

Its customizable settings allow traders to adapt the indicator to their trading strategies.