Double Smoothed Stochastic Non Repaint Indicator » Free Forex MT4 Indicators (mq4 & ex4)

Double Smoothed Stochastic is a custom forex non repainting indicator with an alert, based on the Stochastic oscillator and Exponential moving average indicators. You will find also find buy/sell trading arrows. You can use this indicator used for scalping, day trading, swing trading, and trend following too!

How to use the Double Smoothed Stochastic Non Repaint indicator:

Below you can find trading rules of the Double Smoothed Stochastic indicator.

Sell entry signals
Open short order (sell trade) when the following conditions are met:

The signal of the indicator is red and line color is orange.
Double Smoothed Stochastic is greater than 80.

Buy entry signals
Open long order (buy trade) when the following conditions are met:

The signal of the indicator is blue and line color is green.
Double Smoothed Stochastic is greater less than 20.

Exit trade / take profit suggestions:
Close sell trade when the indicator gets a buy signal.
Close buy trade when the indicator gets a sell signal.

Parameters:
Stochastic Period = 55
EMA Period = 15

How to install the Double Smoothed Stochastic Non Repaint Indicator on your Metatrader 4 trading plaftform?

- - - Download the indicator by clicking “LINK” button at the bottom of this post.
    - Copy and paste the Double Smoothed Stochastic Non Repaint indicator files into following folder of your Metatrader 4 (MT4) platform: MQL4 > Indicators.
    - You can gain access to the folders this way: File > Open Data Folder > MQL4 > Indicators (paste files here).
    - Restart your Metatrader 4 Client.
    - Select Chart and Timeframe where you want to test the indicator
    - Browse “Custom Indicators” in your Navigator that is located on the left in your Metatrader 4 platform.
    - Right click on Double Smoothed Stochastic arrow alert.ex4 and than click “Attach to the chart”.
    - You can modify settings if you need and than click ok.
    - The indicator is ready and running on the chart.