DivStoch is a special histogram momentum Forex indicator for MT4 with values trading between 50 and 100.
It provides buy and sell signals based on oversold and overbought market conditions.
Green check signs to go long appear in oversold downtrends.
On the contrary, red check signs to go short appear in overbought uptrends.
BUY: Buy at the green check symbols. Place stop below the most recent swing low.
SELL: Sell at the red check symbols. Place stop above the most recent swing high.
Use in conjunction with other technical tools.
EUR/USD Daily Chart Example
How to install the DivStoch custom indicator in Metatrader 4?
- Download the DivStoch.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.