Double Smoothed Stochastic No Repaiting Indicator For Mt5
Watch the testing video here:
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Double Smoothed Stochastic Mt4 no repaiting indicator is an alert indicator based on stochastic and Expenontial moving average indicators , that get signal . used for scalping, day traders and swing trades also!
Time frame : any
how to trade with this indicator
Entry rules :
SELL :
If the signal of indicator is red and Orange line.
Double Smoothed Stochastic > 80
BUY :
If the signal of indicator is blue and Green line.
Double Smoothed Stochastic < 20
Close positions rules :
SELL : if the indicator get buy signal
BUY : if the indicator get sell signal
parameters:
Stochastic Period = 55
EMA Period = 15
