Triple Stochastic Oscillator for MT5 Download – Free – [TradingFinder]

The Triple Stochastic Indicator is one of the advanced tools in technical analysis, which filters out random changes and price noise using three consecutive smoothing layers.

In addition to analyzing momentum, this indicator identifies overbought and oversold zones and highlights suitable entry points for trades.

Specifications Table of the Triple Stochastic Indicator

The specifications of the Triple Stochastic Oscillator are presented in the table below.

Triple Stochastic Indicator at a Glance

In the Triple Stochastic Oscillator, trading entry conditions are formed when the indicator lines penetrate overbought or oversold zones and intersect within those areas.

An upward crossover in lower zones (oversold) signals a buying opportunity, while a downward crossover in higher zones (overbought) is considered a sell signal confirmation.

Buy Setup

Based on the 1-hour chart of the cryptocurrency Ethereum (ETH), the Triple Stochastic Indicator lines are seen entering the oversold zone.

Following this penetration, an upward crossover between the indicator lines confirms the likelihood of an upward movement and trend reversal.

Sell Setup

According to the 30-minute chart of the EUR/USD currency pair, the position of the Triple Stochastic Oscillator lines indicates price entry into the overbought zone. After this entry, a gradual price decline is observed, followed by a downward crossover in the upper zone confirming the beginning of a downtrend.

Triple Stochastic Indicator Settings

The settings panel of the Triple Stochastic Oscillator in MetaTrader 5 is as follows:

• Length: Initial calculation period for the stochastic;
• Phase: First smoothing stage;
• Range: Number of periods used to calculate the range for the second stochastic;
• Denoise: Noise filter intensity;
• AlertsOn: Enable alerts;
• AlertsOnCurrent: Enable alert on current candle close;
• AlertsMessage: Alert as message;
• AlertsSound: Enable sound alert;
• AlertsEmail: Send alert via email;
• Notification: Enable display notification;
• Message_TimeOut: Time interval between alerts;
• Message_Subject: Set the alert display title.

Conclusion

The Triple Stochastic Oscillator, with its multi stage smoothing structure, helps reduce false signals and increase analysis accuracy. Moreover, due to its multi-layered and filtering design, this tool is well-suited to different market conditions, whether ranging or trending.

These features make this indicator applicable across various markets, including forex, stocks, cryptocurrency, and other asset classes.