Stochastic Expansion Metatrader 4 Indicator

The Stochastic Expansion indicator is a modificated version of the well know Stochastic Oscillator. It is being used to identify oversold and overbought levels.

Trading Signals

BUY: In uptrends: Wait for the blue line to cross above the 0 level.
SELL: In downtrends: Wait for the red line to cross below the 0 level.

Use in conjunction with trend analysis indicators/tools to determine entry signals. (avoid ranging markets)

Download

Download the Stochastic Expansion Metatrader 4 indicator.

GBP/USD Daily Chart Example

stochasticexpansion_metatrader4indicator

Share Now!