Know about this indicator

3_in_1_Stochastic – indicator for MetaTrader 5 is a free MT5 indicator. It can be used to capture short-term market movements. The stochastic oscillator is designed to track the volatility of prices over time, and it can also indicate whether markets are trending or not.

The settings for the 3_in_1 stochastic indicator are straightforward: you simply need to define your starting point (the percentage of higher prices), your moving average period (how often you want updates performed), and your standard deviation (a measure of how much variation there is in values around this average).

This nifty little indicator can help you make informed trading decisions by helping you identify when markets are volatile and unstable, or when they might be about to trend. So why not give it in the MT5 chart? You may be surprised at just how useful this simple tool can be!

This indicator of MT5 India has 24 adjustable parameters:

• First Stochastic %K period, Second Stochastic %K period, Third Stochastic %K period.
• First Stochastic %D period, Second Stochastic %D period, Third Stochastic %D period.
• First Stochastic slowing, Second Stochastic slowing, Third Stochastic slowing.
• First Stochastic %K smoothing type, Second Stochastic %K smoothing type, Third Stochastic %K smoothing type
• Simple indicates simple smoothing
• Exponential indicates exponential smoothing
• Fast – fast smoothing
• First Stochastic %D smoothing type, Second Stochastic %D smoothing type, Third Stochastic %D smoothing type
• First Stochastic timeframe, Second Stochastic timeframe, Third Stochastic timeframe.
• Overbought indicates the overbought level
• Oversold indicates the oversold level
• Bigger timeframes drawing mode indicates the drawing mode for the data of the stochastics from larger timeframes
  Steps – by steps
  Slope – by sloping lines
  Show alerts – show signal alerts
  Send mail – send e-mail notifications.