stochastic convergence divergence
Info
The stochastic convergence divergence is a Indicator for MetaTrader 5 that this indicator displays two stochastics with adjustable smoothing and a convergence/divergence line of %k lines of those two stochastics. it has thirteen adjustable parameters:calculation mode- calculation and display modetwo stochastics- two stochastics with predefined parametersstoch1/stoch2 divergence - %k lines of stochastics with predefined parameters and the line of convergence/divergence between themfirst stochastic %k period- first stochastic %k line calculation periodfirst stochastic %d period- first stochastic %d line calculation periodfirst stochastic slowing- first stochastic smoothing calculation periodfirst stochastic %k-smoothing type- first stochastic %k line smoothing periodsimple - simple smoothingexponential - exponential smoothingfast - fast smoothingfirst stochastic %d-smoothing type- first stochastic %d line smoothing typesimple - simple smoothingexponential - exponential smoothingsecond stochastic %k period- second stochastic %k line calculation periodsecond stochastic %d period- second stochastic %d line calculation periodsecond stochastic slowing- second stochastic smoothing calculation periodsecond stochastic %k-smoothing type- second stochastic %k line smoothing typesimple - simple smoothingexponential - exponential smoothingfast - fast smoothingsecond stochastic %d-smoothing type- second stochastic %d line smoothing typesimple - simple smoothingexponential - exponential smoothingoverbought - overbought leveloversold - oversold level fig.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use stochastic convergence divergence
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
this indicator displays two stochastics with adjustable smoothing and a convergence/divergence line of %k lines of those two stochastics.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Stochastic Reversal Signal - another powerful indicator for MetaTrader 5 traders.
this indicator displays two stochastics with adjustable smoothing and a convergence/divergence line of %k lines of those two stochastics.
Also recommended: stochastic multi-timeframe indicator - similar indicator with strong performance on MetaTrader 5.
it has thirteen adjustable parameters:calculation mode
- calculation and display mode
two stochastics
- two stochastics with predefined parameters
stoch1/stoch2 divergence
- %k lines of stochastics with predefined parameters and the line of convergence/divergence between them
first stochastic %k period
- first stochastic %k line calculation period
first stochastic %d period
- first stochastic %d line calculation period
first stochastic slowing
- first stochastic smoothing calculation period
first stochastic %k-smoothing type
- first stochastic %k line smoothing period
simple
- simple smoothing
exponential
- exponential smoothing
fast
- fast smoothing
first stochastic %d-smoothing type
- first stochastic %d line smoothing type
simple
- simple smoothing
exponential
- exponential smoothing
second stochastic %k period
- second stochastic %k line calculation period
second stochastic %d period
- second stochastic %d line calculation period
second stochastic slowing
- second stochastic smoothing calculation period
second stochastic %k-smoothing type
- second stochastic %k line smoothing type
simple
- simple smoothing
exponential
- exponential smoothing
fast
- fast smoothing
second stochastic %d-smoothing type
- second stochastic %d line smoothing type
simple
- simple smoothing
exponential
- exponential smoothing
overbought
- overbought level
oversold
- oversold level
fig. 1. two stochastics with ma smoothing and convergence divergence line, calculation mode = stoch1/stoch2 divergence
fig. 2. two stochastics with ma smoothing and convergence divergence line, calculation mode = two stochastics
You may also like: stochastic oscillator indicator for metatrader 5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.