Summary of "π Triple Stochastic Oscillator for MT4/5 β Free β [TradingFinder]"
The video presents the Triple Stochastic Oscillator indicator available for MetaTrader 4 and MetaTrader 5, downloadable from the TradingFinder website. This advanced Oscillator is designed to identify trend direction and strength, providing traders with clearer buy and sell signals compared to the traditional stochastic indicator.
Main Financial Strategies and Market Analyses:
- Trend Identification: The indicator helps determine the direction and strength of market trends.
- Entry Signals:
- Buy Position: When the Oscillator line crosses above the signal line after exiting the oversold zone.
- Sell Position: When the Oscillator line crosses below the signal line after exiting the overbought zone.
- Overbought/Oversold Zones: Uses RSI-like levels (75 for overbought, 25 for oversold) to indicate potential price reversals.
Key Features and Settings:
- Calculation Period Length: Adjusts how many periods the indicator considers; longer periods smooth signals, shorter periods make signals more responsive.
- Phase Change Speed: Controls sensitivity to trend changes; lower values detect trend shifts faster, higher values slow down signal generation.
- Movement Range: Sets the Oscillatorβs maximum and minimum boundaries to define overbought and oversold zones.
- Noise Filter (Den Noiseise): Smooths out minor price fluctuations to reduce false signals.
- Alert System:
- Enable/disable alerts when Oscillator crosses signal line.
- Choose whether alerts trigger on candle open or close.
- Alerts can be sent as on-screen messages, sounds, emails, or mobile notifications.
- Set alert intervals and customize alert messages.
Step-by-Step Guide to Using the Indicator:
- Download the Triple Stochastic Oscillator from TradingFinder for MT4/MT5.
- Load the indicator by dragging it onto the chart from the navigator panel.
- Observe the Oscillator window at the bottom of the chart.
- Configure input settings according to trading preferences:
- Set calculation period and phase change speed.
- Define overbought/oversold levels.
- Adjust noise filtering.
- Enable alert options as needed.
- Use crossover signals combined with overbought/oversold conditions to time entries:
- Enter sell positions when Oscillator exits overbought zone crossing below signal line.
- Enter buy positions when Oscillator exits oversold zone crossing above signal line.
- Utilize alerts to receive timely notifications of trading signals.
Presenter/Source:
- The tutorial is provided by TradingFinder, as indicated in the video title and content. No individual presenter names are mentioned.
Category
Business and Finance