DivStoch Metatrader 4 indicator
DivStoch is a special histogram momentum indicator 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