Step stochastic 2 – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • New version of non-repainting step stochastic indicator.

    It has been upgraded in multiple ways :

    • code is completely rewritten and optimized
    • step stochastic calculation is a function now (easily usable from any other code)
    • indicator has alerts now
    • indicator is multi time frame now
    • indicator has an option to filter (smooth) prices using one of the 4 basic average type
    • indicator has an option to use smoothed or regular atr for calculation
    • indicator can use the set of 22 price types

    By default the indicator is using a very mild price filtering, since it does not add lag to it this way and the false signals are significantly reduced.

    Get E-Book Worth $100 for Free!!!

  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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