Stochastic Convergence Divergence
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup 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.
Description & Settings
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 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
