The SlopeScanner(STO) V1.4 is a versatile tool designed to help traders monitor trend direction across multiple currency pairs and timeframes simultaneously by analyzing the slope of the Stochastic indicator. Unlike traditional indicators, this dashboard tracks momentum and changes in slope, providing early insight into trend reversals or continuation.
| Feature | Description |
|---|---|
| ➤ Multi-Pair Monitoring: | Track multiple currency pairs in a single, consolidated dashboard. |
| ➤ Multi-Timeframe Analysis: | Evaluate trend momentum across various timeframes (M1 through MN1). |
| ➤ Smart Trend Detection: | Identify turning points based on the Stochastic slope changes & OB or OS conditions. |
| ➤ Stochastic Inputs: | Set your desired- KPeriod, DPeriod, Slowing, OB/OS levels |
| ➤ Real-Time Alerts: | Get Metatrader alerts immediately when slope direction changes. |
| ➤ Color-Coded Visuals: | Easy-to-interpret color signals indicating bullish, bearish, overbought (OB), oversold (OS) or neutral trends. |
| ➤ Clean & Compact Layout: | Well-organized display that fits neatly on your chart without clutter. |
The Stochastic is a momentum oscillator that measures the speed and strength of price movements. It helps traders identify overbought and oversold conditions—typically, readings above 70 indicate overbought, while readings below 30 indicate oversold.
The dashboard continuously monitors the slope of the Stochastic across selected currency pairs and timeframes, instantly highlighting changes in direction with a distinct color. When the Stochastic enters overbought or oversold territory, the status is clearly marked, allowing you to spot market extremes at a glance. These slope-based alerts often appear before traditional signals, giving you an early read on market dynamics and the chance to act ahead of the crowd.
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