Stochastic with Alert for MT4 and MT5
Stochastic Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and on the trading screen when stochastic oscillator enters an overbought or oversold area or when it leaves those areas returning to the normal state.
What Is Stochastic Oscillator?
Stochastic oscillator is a popular technical indicator of the family of the oscillators.
Stochastic oscillator can take a value between 0 and 100, and traders use it to spot overbought and oversold areas.
This indicator is presented on the chart as two lines fluctuating between 0 and 100 in a separate chart window.
Typically, a value above 80 means that the asset is overbought and due for a retracement. Conversely, a value below 20 means a state of being oversold.
Stochastic Alert Indicator for MetaTrader
MetaTrader includes stochastic among its built-in indicators, however, it comes without any notification feature for overbought and oversold areas.
In many cases, it is useful get a notification when stochastic goes into overbought or oversold areas or when it goes back into normal area — such situations could be trading opportunities.
In some strategies, you can also use the cross between stochastic's main and secondary lines as a signal.
You can benefit from such an alert especially with trend reversal strategies.
To enable this missing feature, you can download our Stochastic Alert indicator for MT4/MT5 here.
This indicator allows you to get notifications when some conditions trigger. You can receive notifications via:
- Mobile app
- On screen
Another interesting feature of the Stochastic Alert indicator for MetaTrader is that it can draw buy and sell signals in the form of arrows when a signal occurs.
Stochastic Alert Indicator Source Code
If you are interested in alert indicators, you can use the source code of the present Stochastic Alert Indicator for your further development. Additionally, you can inspect the code of our Alert Indicator Template, which was used as a foundation for this indicator.
How to Download and Use MT4 Stochastic Alert Indicator?
You can download the indicator for free using the link below and install it by following the provided instructions.
The installation is very easy to perform. The same is true for using this tool.
Once you run the indicator you can set the parameters. You can select Stochastic alert conditions to use and how to receive notifications.
MT4 Stochastic Alert Installation
To install MT4 Stochastic Alert Indicator, please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 4 data folder (via File→Open Data Folder).
- Open the MQL4 Folder.
- Copy all the folders from the archive directly to the MQL4 folder.
- Restart MetaTrader 4 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
For more detailed instructions on how to perform the installation please visit this article.
MT5 Stochastic Alert Indicator
What Is MT5 Stochastic Alert Indicator?
Stochastic Alert Indicator for MetaTrader 5 is a plugin that allows you to set up alerts for stochastic oscillator crossing overbought/oversold boundaries on your MT5 chart. It has exactly the same features as the version of the indicator for MT4.
How to Download and Use MT5 Stochastic Alert Indicator?
You can download the indicator for free using the link below and install it by following the provided instructions.
MT5 Stochastic Alert Installation
To install the MT5 Stochastic Alert Indicator please follow the instructions below:
- Download the indicator archive file.
- Open the MetaTrader 5 data folder (via File→Open Data Folder).
- Open the MQL5 Folder.
- Copy all the folders from the archive directly to the MQL5 folder.
- Restart MetaTrader 5 or refresh the indicators list by right-clicking the Navigator subwindow of the platform and choosing Refresh.
For detailed instructions on how to setup the alerts in MetaTrader please refer to our guide on notifications in MT4/MT5..
You can open a trading account with any of the MT4 Forex brokers to freely use the presented here indicator for MetaTrader 4. If you want to use an MT5 version of the indicator presented here, you would need to open an account with a broker that offers MetaTrader 5.
Do you have any suggestions or questions regarding this indicator? You can always discuss Stochastic with Alert with other traders and MQL4/MQL5 coders in our forum on MetaTrader indicators.
