The Stochastic Dashboard indicator displays the best Stochastic buy/sell trends for multiple timeframes in one handy-to-read dashboard.
The indicator displays the Stochastic oscillator trend in the form of buy and sell arrows for M1, M5, M15, M30, H1, and H4 charts.
A buy trend occurs when all arrows ( Stoch 1, Stoch 2, Stoch 3) trade in agreement.
For a buy signal, all arrows must be colored green.
For a sell signal, all arrows must be colored red.
Stay aside when the arrow colors are mixed.
It’s a good idea to check the Stochastic trend on the higher timeframes before making a buy/sell decision.
Feel free to experiment with the indicator’s input values.
Free Download
Download the “DK Stochastic Indicator.mq4” MT4 indicator
Indicator Chart (EUR/USD M1)
The EUR/USD M1 chart below displays the Stochastic Dashboard indicator Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the Stochastic Dashboard indicator MT4 forex indicator are easy to interpret and go as follows:
Buy Signal: Open buy trade position when all Stochastic arrows are colored green.
Sell Signal: Open sell trade position when all Stochastic arrows are colored red.
Tip: Check the Stochastic trend on the higher timeframes as well for better trend trading.
Stochastic Dashboard and Zero Lag Moving Average MT4 Forex Strategy
This trading approach combines the multi-timeframe signals of the Stochastic Dashboard MT4 Indicator with the trend confirmation of the Zero Lag Moving Average MT4 Indicator.
It is designed for traders who want clear and consistent trend signals without relying on subjective chart reading.
The Stochastic Dashboard presents buy and sell conditions in the form of green or red arrows for M1, M5, M15, M30, H1, and H4.
A buy trend appears when Stoch 1, Stoch 2, and Stoch 3 all turn green at the same time.
A sell trend appears when all arrows turn red.
This alignment removes noise and keeps the trader focused on strong directional moments.
The Zero Lag Moving Average acts as a fast trend filter because it responds more quickly than a standard MA.
When the candle closes above it, the market has upward momentum. When it closes below it, the trend is downward.
Combining both tools results in a strategy that identifies precise entries with strong trend confirmation.
This method works well on M5, M15, and M30, but it can also be used on H1 for more stable swings.
Buy Entry Rules
- All Stochastic Dashboard arrows (Stoch 1, Stoch 2, Stoch 3) display green.
- The price closes above the Zero Lag Moving Average.
- Wait for the next candle to break the high of the signal candle.
- Place stop loss 15 to 25 pips below the Zero Lag Moving Average or below the recent swing low.
- Take profit at a fixed 2 to 1 reward ratio or at the next major resistance level.
Sell Entry Rules
- All Stochastic Dashboard arrows turn red.
- The price closes below the Zero Lag Moving Average.
- Wait for the next candle to break the low of the signal candle.
- Place stop loss 15 to 25 pips above the Zero Lag Moving Average or above the recent swing high.
- Take profit at a fixed 2 to 1 reward ratio or near the next support zone.
Advantages
- Multi-timeframe confirmation avoids weak trades.
- Zero Lag Moving Average gives early trend recognition.
- Clear rules make the method suitable for beginners.
- Works across multiple currency pairs.
- Can be used for both intraday and swing trades.
Drawbacks
- Strong news volatility may invalidate signals.
- Fast markets can cause the Zero Lag MA to produce whipsaws.
- Traders must wait for alignment, which reduces trade frequency.
- Best performance occurs in trending markets, not in narrow ranges.
Case Study 1
On EURUSD M15, the Stochastic Dashboard turned fully green across M1, M5, and M15.
Price had already crossed above the Zero Lag Moving Average and pulled back lightly before pushing upward again.
A buy position was opened when the next candle broke the previous high.
The stop was set 20 pips below the MA.
Momentum carried the pair upward for most of the session, and the plan closed at a 2:1 reward, finishing with a gain of about 48 pips.
Case Study 2
On GBPJPY M30, all Stochastic arrows turned red at the same moment that the price rejected the Zero Lag MA from below.
The next candle broke the signal candle low and triggered a sell entry.
The stop loss was placed 30 pips above the MA.
The pair moved strongly downward during the London session and reached the take profit target with roughly 95 pips profit.
Strategy Tips
- Avoid taking trades within the first minutes of major news releases.
- Always wait for full arrow alignment on the dashboard before acting.
- Use higher timeframes like H1 to confirm the overall trend direction.
- Pairs with consistent volatility, such as EURUSD, GBPJPY, and XAUUSD, work well.
- Keep risk per trade low to maintain account stability across many trades.
Download Now
Download the “DK Stochastic Indicator.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (3 X percent K, 3 x percent D, 3 x slowing) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: oscillator
