Similarly, a short trade is triggered when a red sell arrow appears on the chart and the lines cross each other from above 80 level back below (overbought readings). For a long trade, it draws a buy arrow on the chart when the indicator lines cross each other from below 20 level back above (oversold readings). The Stochastic Cross Alert Indicator does all the necessary calculations in the background and gives the signals by plotting simple upward/downward arrows around the price candlesticks. Anatomy of the Stochastic Cross Alert indicator Feel free to experiment with the settings and parameters to fit your personal preferences.
The default settings can be modified directly from the input tab. It is displayed directly on the main trading chart. The Stochastic Cross Alert Indicator fits all kinds of timeframes and currency pairs. That gauge isn’t an exception, but it provides signal alarms in the form of buy/sell arrows, which is a favorite way of many traders. The oscillators define when the market is overbought and oversold. The Stochastic Cross Alert Indicator is, as the name suggests, based on a popular technical indicator of the family of the oscillators. Introduction to the Stochastic Cross Alert Indicator
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