Ultimate MT4 Stochastic Indicator

STOCHASTIC TRADING STRATEGY
One key aspect to understand is that the 20/80 or 30/70 levels are not definitive. These are merely suggested levels to consider. Each market has its own True Stochastic level, which the market adheres to.

As illustrated in the image above, the price tends to respond to the 93.52% resistance level whenever it reaches that point. This level is more significant than the commonly referenced 80% resistance level found in most strategies.

Personally, I often look for at least four major reversals out of the most recent five swing highs or lows.

The Ultimate Stochastic System can be applied to any Forex currency pair and other assets such as stocks, commodities, cryptocurrencies, precious metals, oil, gas, etc. It is also versatile enough to be used on any time frame that suits you, from 1-minute to 1-month charts.