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Stochastic Cross Alert Metatrader 4 Indicator

    The Stochastic Cross Alert indicator for MT4 draws a buy arrow on the chart when the indicator lines cross each other from below 20 back above (oversold readings).

    Similarly, a red sell arrow appears on the chart when the lines cross each other from above 80 back below (overbought readings).

    General Assumptions

    80+ readings: overbought
    20- readings: oversold

    Trading Signals

    The Stochastic Alert indicator works great in a trend less (flat) environment but will fail in a trending market.

    Therefore, first identify the overall trend and take the appropriate signals in the direction of the prevailing trend.

    For example, in a bullish trend, only pay attention to the green oversold signals.


    Download the Stochastic Cross Alert.mq4 indicator.

    Configurable Indicator Options

    KPeriod, DPeriod, MA_Method, SoundON, EmailON

    AUD/USD 4 Hour Chart Example


    How to install the Stochastic Cross Alert custom indicator in Metatrader 4?

    • Download the Stochastic Cross Alert.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.