RobotFX multi-STOCHASTIC

Just as the multi-ADR shows the average daily range for multiple periods, the RobotFX multi-STOCHASTIC displays the Stochastic level for multiple time-frames. It also displays in a separate small window, without charging your trading chart with any information. You have the option, of course, to choose the Stochastic values (default are 14,3,7).
The indicator will display, for any time-frame from M1 to H4, the level that the indicator reached as well as an arrow, up or down. When the Stoch reaches the oversold/overbought levels it will change the color (check the legend) to orange. After it will cross (main and signal), it will change the color (again) and the arrow, depending whether you should sell or buy. For example, if on H1 the Stochastic crossed above level 80 and it's heading down, the color will be red and the arrow down - it's the time to consider selling. However, make sure you also check at least the next higher time-frame for confirmation.

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Free RobotFX download

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