• Mon. Jan 18th, 2021

DadForex

All about Forex trading

StdScore: Pivot Points Indicator for MT4

The StdScore indicator uses a peculiar interpretation of overbought and oversold levels to find price reversal zones.

StdScore MT4 indicator

The StdScore Forex indicator is an interesting attempt to exploit the overbought and oversold zones of a currency pair. The indicator duplicates the chart of the currency pair under the main chart and has two levels -4 and +4, which are regarded as oversold and overbought levels, respectively. When the indicator bar reaches or exceeds these levels there is a high probability of a price reversal.

The StdScore trading indicator can be used like a regular oscillator, except for divergences. This indicator could be helpful in a scalping strategy or as an indication to exit a profitable trade. You can also improve the accuracy of trading signals by combining it with trend indicators and other oscillators.

Features of StdScore MT4 indicator

  • Platform: Metatrader 4
  • Ability to change settings: Yes
  • Timeframe: any from 1 Minute to Daily
  • Currency pairs: any

In StdScore.zip file you will find:

  • StdScore-v4.ex4

Download StdScore MT4 indicator for free: