Best Stochastic Oscillator Setting for H1 Gold Chart

How to Add Stochastic Oscillator XAUUSD Indicator on MT4

Step 1: Open MT4 Software Navigator Window

Open MetaTrader 4 Navigator window as shown below - Go to 'View' menu (then click it) & then choose the 'Navigator' window (click), or From the Standard Tool bar click the 'Navigator' button key or use key board shortcut keys 'Ctrl+N'

On MetaTrader 4 Navigator window, select "Technical Indicators", (DoubleClick)

Best Stochastic Oscillator Settings for 1 Hour Gold Chart

Step 2: Expand the Gold Technical Indicators Menu on the Navigator

Expand the menu by clicking the expand button marker (+) or double click the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the Stochastic Oscillator indicator from this list of MT4 indicators so as to add the Stochastic Oscillator indicator on the xauusd chart.

Best Stochastic Oscillator Settings for 1 Hour Gold Chart

How to Add Custom Stochastic Oscillator XAUUSD Indicator to MT4

If the gold Stochastic Oscillator technical indicator you want to add is a custom indicator - for example if the Stochastic Oscillator technical indicator you want to add is a custom Stochastic Oscillator indicator you will need to first add this custom Stochastic Oscillator indicator on MetaTrader 4 platform & then compile custom Stochastic Oscillator indicator so that the newly added Stochastic Oscillator custom gold indicator pops up on the list of custom indicators in MetaTrader 4 software.

To learn how to install Stochastic Oscillator indicator on MT4, how to add Stochastic Oscillator indicator window to MT4 and how to add Stochastic Oscillator gold custom MT4 indicator on MT4 - How to add custom Stochastic Oscillator gold Indicator in MetaTrader 4.

Stochastic Oscillator Gold Technical Indicator Explained

Stochastic Oscillator Gold Technical Analysis & Stochastic Oscillator XAUUSD Signals

The Stochastic Oscillator is a momentum gold indicator - Stochastic Oscillator shows the relation between the current closing xauusd price relative to the high and low range over a given number of n xauusd price periods. The Stochastic Oscillator indicator uses a scale of 0-100 to plot its values.

Best Stochastic Oscillator Settings for 1 Hour Gold Chart

Stochastic Oscillator is based on the theory that in an upwards xauusd price trend the xauusd price closes near the high of the xauusd price range and in a downwards xauusd price trend the xauusd price will close near the low of the xauusd price range.

The Stochastic Trading Indicator Lines are drawn as 2 lines - %K and %D.

• Stochastic Indicator FastLine %K is the main
• Stochastic Technical Indicator Slow line % D is the signal

3 Types of Stochastic Gold Indicators: Fast, Slow and Full XAUUSD Trading Oscillators

There are 3 types of Stochastic Indicators: fast, slow and full Stochastic. 3 Stochastic Indicators look at a given gold chart period for examples the 14-day period, & measures how the xauusd price of today’s close compares to the high/low range of the gold time period that's being used to calculate the stochastic.

Stochastic Trading Indicator oscillator works on the principle that:

• In an upward xauusd price trend, xauusd price tends to close at the high of the xauusd candlestick.
• In a downwards xauusd price trend, xauusd price tends to close at the low of the xauusd trading candle.

Stochastic Indicator shows the momentum of the xauusd price trends, and identifies the times when the gold market is overbought or oversold.

Stochastic Technical Indicator Technical Analysis & Generating Gold Signals

Most common techniques used for technical analysis of Stochastic Oscillator Gold Indicator to generate gold signals are gold crossover trading signals, divergence gold signals & overbought over-sold levels. Following are the techniques used for generating xauusd trade signals

Stochastic Technical Indicator Crossover XAUUSD Signals

Stochastic Technical Indicator Buy signal - %K line crosses above %D line - both stochastics oscillator lines moving up

Stochastic Technical Indicator Sell signal - %K line crosses below %D line - both stochastics oscillator lines moving down

Stochastic Trading Indicator 50 level Crossover:

Buy gold signal - when stochastic lines cross above 50 a buy signal is generated.

Sell gold signal - when stochastic lines cross below 50 a sell signal is generated.

Stochastic Indicator Divergence XAUUSD Trading

Stochastic Indicator is also used to look for divergences between this Stochastic Indicator & the xauusd price.

Divergence is used to determine potential xauusd price trend reversal signals.

Upward xauusd price trend reversal - identified by a classic bearish gold divergence on Stochastic Indicator

Best Stochastic Setting for Gold Swing Trading

Downward xauusd price trend reversal - identified by a classic bullish gold divergence on Stochastic Indicator

Best Stochastic Setting for Gold Swing Trading

Stochastic XAUUSD Indicator Overbought & Oversold Levels

Stochastic Indicator is mainly used to identify potential overbought & oversold levels in xauusd price movements.

• Over-bought values greater than 70 level - A sell signal occurs when an oscillator indicator rises above 70% level & then drops back below this overbought level.

Best Stochastic Setting for Gold Swing Trading

• Over-sold values less than 30 level - a buy signal is generated when Stochastic technical indicator oscillator goes below 30% & then rises above this oversold level.

Best Stochastic Setting for Gold Swing Trading

Gold trades are generated when Stochastic Oscillator crosses these levels. However, Stochastic Indicator overbought and oversold levels are prone to gold whipsaws especially when the gold market is trending upward or downward.