MTF Stochastic Alert signal indicator: displaying the desired timeframe with signals

 MTF Stochastic Alert indicator is a multiframe signal indicator based on the classical Stochastic oscillator.

Using the MTF Stochastic Alert indicator

MTF Stochastic Alert indicator, as well as the standard StochasticThe indicator works with the oversold and overbought levels. In this case, in the settings of the indicator you can choose what timeframe readings will be displayed in the "basement" of your price chart.

Input signals

• long position - intersection of a solid line of light blue color dashed red from bottom to top;
• short position - intersection of a solid line of light blue color dashed red from top to bottom.

For trader's convenience, on the price chart and the MTF Stochastic Alert indicator chart, entry points are marked with blue (buy) and red (sell) arrows.

Additionally, the signal window with the indication of the type of the recommended position to open has been implemented.

According to ForTrader.org experts,  MTF Stochastic Alert indicator can be used as a supplement to existing trading systems. For independent use, in order to avoid erroneous inputs, it is necessary to use additional indicators as filters.

Download MTF Stochastic Alert indicator

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