Stochastic indicator: modifications
One of the most common indicators is the Stochastic oscillator. Its main advantage is the ease of information perception, as well as a lot of different strategies based on it. Therefore, it is not surprising that users of technical analysis create various Stochastic indicator modifications, adding more and more interesting properties to it.
Let's look at some specific examples Stochastic indicator modifications with a little description.
Modifications of the Stochastic indicator
1. DS Stochastic - given stochastic modificationThe author's idea is to use EMA smoothing, which should give signals more quickly.
Download free stochastic indicator modifications
2. ADX + Stochastic_alerts - that stochastic indicator modification and ATR, which are combined in one window. The indicator gives an audible signal when trade decisions on the indicators coincide. It is convenient if you use these filters together.
Download free stochastic indicator modifications
3. ZeroLag Stochs true - another stochastic modificationwhich, as the author assures, works with zero delay, shows signals 2-3 bars earlier and more clearly indicates the divergence, i.e. signal amplification.
Download free stochastic indicator modifications
4. OnChart Stochastic - interesting but controversial stochastic modificationwhich places the indicator data directly on the price chart. Despite the fact that it is quite convenient to follow the development of the filter on the background of the price, there is no possibility to use its signals by crossing levels.
Download free stochastic indicator modifications
5. DiNapoli Stochastic - given stochastic indicator modification uses the DiNapoli smoothing algorithm. It is assumed that this filter eliminates insignificant noise and gives signals for opening earlier than the standard one. In addition, it is perfectly compatible with the MACD.
Download free stochastic indicator modifications
In addition to these five, of course, there are others stochastic modifications freely available. Perhaps you'll find one you need in our set of popular indicators for MT4.