The Dynamic Zone Stochastic indicator for Metatrader 4 finds and displays interesting buy and sell trade entries with the help of dynamic Stochastic channels.
The indicator appears in a separate MT4 chart window as a Stochastic based indicator that’s moving within a colored channel.
Dynamic Zone Stochastic is a signals indicator that be used in multiple ways.
Trade signal example:
- Open a buy trade whenever the Stochastic signal line crosses the lower channel band bottom-up and the overall trend is upwards.
- Open a sell trade whenever the Stochastic signal line crosses the upper channel band top-down and the overall trend is downwards.
The Dynamic Zone Stochastic indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download:
Download the “dynamic-zone-stochastic.mq4” indicator for MT4
Indicator Example Chart (EUR/USD H1)
The example chart below displays the Dynamic Zone Stochastic mt4 indicator in action.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Dynamic Zone Stochastic Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Stochastic
Does the indicator repaint? No.
Download Now:
Download the “dynamic-zone-stochastic.mq4” indicator for Metatrader 4
How to install this indicator on Metatrader 4?
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the dynamic-zone-stochastic.mq4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.