True Stochastic Indicator
True Stochastic Indicator
Original website: https://www.theforexarmy.com/stochastic-oscillator-strategy
Your price: $8.00
Content: Indicator: TFA True Stochastic.ex4, How to install MT4 files.pdf
After adding the indicator to your chart, please click on the VIEW button to make the bottom indicator appear!
The TRUE RSI INDICATOR is also available here for a low price:
An advanced approach to using the Stochastic Oscillator
Many people think that using the Stochastic Oscillator is as simple as putting it onto a chart and waiting for it to go above 80 to sell and below 20 to buy. But that’s as far from the truth as it can be. The stochastic oscillator can be one of the most powerful methods to improve your odds in calling (especially) reversals, but only when used correctly.
In this article, I will be sharing with you a Stochastic Oscillator Trading Strategy that I have learnt from my time in an institutional research house. I hope you find it super useful in helping you improve your trading.
HOW DO YOU KNOW OF THIS STOCHASTIC OSCILLATOR STRATEGY?
And why should we trust you?
So my team runs Everest Fortune Group – an award-winning research house (The Technical Analyst 2019, 2020 & 2021 for Best FX Research & Best Equity Research to be specific) – and we have advised the trading desks of the largest banks, hedge funds and asset management companies and I can assure you that there’s a different way to look at Stochastic that can really improve your profitability.
Now, this can work really well by itself but my personal recommendation when it comes to trading – try to find as many different studies to agree on a certain outcome. What I mean is – if you have 3 oscillators (eg. RSI, Stochastic, MACD) that all tell you an instrument is overbought, it most likely won’t work as they are all oscillators. Instead, look for different studies that complement your trading. I particularly recommend combining this with:
- Support and Resistance
- Fibonacci Retracements
- Fibonacci Extensions
- True RSI
- Price Action
And of course, ensuring everything is properly managed with good MT4 Trade Management.
WHAT MAKES THIS STOCHASTIC OSCILLATOR STRATEGY BETTER THAN THE REST?
You know, the 70/30 and 80/20 ones.
Well, I trade for a living. I learnt my technical analysis from the best and my team currently provides technical analysis to some of the largest brokers including Tickmill, Axi, XM, FXCM, IC Markets and VantageFX. There are many ‘educators’ out there who don’t walk the talk. Here’s a recent video created by DollarsandSense in collaboration with IG showing the day in my life trading.
The MT4 True Stochastic Indicator identifies the hidden resistance level (at 95-100%)