Recruitment of participants MT4 True Stochastic Indicator v3 (full version)

Full MT4 True Stochastic Indicator (v3, January 2023)



v3 | January 2023

• Added in automatic authentication system
• Improved the sensitivity of detecting reversals
• Improved the accuracy of detecting reversals

The MT4 True Stochastic Indicator is an incredibly powerful tool that helps you find hidden levels of overbought and oversold areas.
It’s particularly powerful for traders who wish to play reversal strategies.

One of the most important things you need to know is that 20/80 or 30/70 are not the correct levels. They are just recommended levels to look at. Every market has a True Stochastic level which is the one that the market obeys. For example, take a look at this:



Price reacting multiple times off the 93% ressitance.

As you can see in the image above, price tends to react off the 93.52% resistance level each time price reaches there. That is more important than the 80% resistance that most strategies tell you about.

Personally, I often look out for at least 4 big reversals out of the most recent 5 swing highs/lows. This is a picture of how I got my MT4 True Stochastic Indicator identifying a true resistance level:



The MT4 True Stochastic Indicator identifies the hidden resistance level (at 95-100%)
Why 4 out of 5? Why not 8 out of 10 ties?

Yes, this is possible to be adjusted in the TFA True Stochastic Indicator settings. We are able to adjust the confidence level (eg. 80% bounce success) and minimum counts required (eg. 10 bounces as the sample size instead of 5).

However, I personally find that 8 out of 10 times might be a bit too hard to attain. You’ll find less setups but you’ll also find better setups when they do appear. My sweet spot currently is 4 out of 5 times.

 

Do you have the unlimited version v3, January 2023 ?