![]() ![]() MetaTrader includes stochastic among its built-in indicators, however, it comes without any notification feature for overbought and oversold areas. Stochastic Alert Indicator for MetaTrader Conversely, a value below 20 means a state of being oversold. ![]() Typically, a value above 80 means that the asset is overbought and due for a retracement. This indicator is presented on the chart as two lines fluctuating between 0 and 100 in a separate chart window. Stochastic oscillator can take a value between 0 and 100, and traders use it to spot overbought and oversold areas. Stochastic oscillator is a popular technical indicator of the family of the oscillators. Stochastic Alert indicator is a free MT4/MT5 indicator that you can download here and use in your MetaTrader to receive notifications via email, mobile app, and on the trading screen when stochastic oscillator enters an overbought or oversold area or when it leaves those areas returning to the normal state. ![]()
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