Fast Stochastic Indicator (MT4)

The Fast Stochastic Forex indicator for mt4 (Metatrader 4) provides overbought & oversold signals based on the fast stochastic trading algorithm.

The indicator reveals shorter-term oversold and overbought market conditions and is a popular scalper indicator.

The Fast Stochastic indicator can be used in multiple ways.

Open a buy position as soon as the indicator reading crosses back above 30 and the overall trend is upwards.
Open a sell position as soon as the indicator reading crosses back below 70 and the overall trend is downwards.

The Fast Stochastic indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.

The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.

Free Download

The example chart below displays the Fast Stochastic mt4 indicator in action on the trading chart.

Tips:

Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Fast Stochastic Forex indicator.

As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

Indicator Specifications & Inputs:

Trading Platform: Developed for Metatrader 4 (MT4)

Currency pairs: Works for any pair

Time frames: Works for any time frame

Trade Style: Works for scalping, day trading and swing trading

Input Parameters: Variable (inputs tab), color settings & style

Indicator type: Stochastic

Does the indicator repaint? No.