Stochastic-X8.4 Indicator

Stochastic-X8.4 Indicator was built on the calculated data of the eight "stochastics", which subsequently formed, and the result column histogram display.

On the chart the indicator is displayed in the indicator below the chart and currency instrument at first glance resembles a histogram of the popular forex indicator MACD , but with the added default numeric levels at levels " 35 "," 15 "," -15 "and" -35 ". Doing analysis, these levels can help determine the likely extremes of the market, and hence trend reversals, which are caught, the trader gets the opportunity to earn good money with little risk.

In the parameters of the indicator Stochastic-X8.4 , exhibited values ​​for only one "stochastic", and the parameters of the remaining 7 "stochastics" is calculated automatically, using the factor " Koef ", which is also present in the parameters of the indicator Stochastic-X8.4 . In the calculation of the first "stochastics", its parameters are multiplied by this factor, and the new numbers are calculated values ​​of the second is "stochastic", then the parameters of the second "stochastic" is also multiplied by this factor and the result obtained for the calculation of the third "stochastic" and so on until the last, eighth, "Stochastic."

An indicator:

Stoch_D - setting the% D line for the first "stochastic";
Stoch_K - parameter of% K for the first "stochastic";
Stoch_S - deceleration parameter "stochastic";
Koef - the multiplication factor for the subsequent "stochastics".

The use of the trade:

I have already mentioned that the indicator to its looks like a standard indicator MACD , and then the signals corresponding to this indicator can also be used for the Stochastic-X8.4 , such as zero crossing in either direction.

It is also the maximum values ​​of the histogram represent the indicator of overbought market, and therefore a possible trend or stop its turn. In these cases, we can help levels are set for this indicator, you can open them using the deal to buy after the histogram bars will affect the level of " -35 "or a deal to sell when the histogram reaches the mark" 35 . "

When you open a position after crossing the zero level, the levels of " 35 "," 15 "," -15 "and" -35 "can be used as a target for closing the position or positions. In this intermediate levels of " 15 "and" -15 "may be used as markers for the partial closure position.

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