MTF Stochastic

The indicator displays the data of the Stochastic oscillator from a higher timeframe on the chart. The main and signal lines are displayed in a separate window. The stepped response is not smoothed. The indicator is useful for practicing "manual" forex trading strategies, which use the data from several screens with different timeframes of a single symbol. The indicator uses the settings that are identical to the standard ones, and a drop-down list for selecting the timeframe.

Indicator Parameters

• Timeframe - time frame (drop-down list);
• KPeriod - %K period;
• DPeriod - %D period;
• Slowing - slowing;
• MAMethod - moving average method (drop-down list);
• PriceField - price type (drop-down list);
• StochLevel - the level, above which the downward line intersection is stated. The lower level is calculated according to the formula 100-StochLevel.
  
• Usealerts - display alerts at line intersections.