Forex Indicator Stoch Histogram

Mahdi Haghshenas

تاریخ آخرین بروزرسانی: 7 نوامبر 2022

Professional version of Forex Indicator Stoch Histogram is one of the strongest Forex Indicators. This indicator works by drawing colored histograms plus drawing a moving average line on it. this indicator works very accurate and we will explain it in full details below. See the image below:

نسخه حرفه ای اندیکاتور فارکس Stoch Histogram

Professional version of Forex Indicator Stoch Histogram

How does the Forex Stoch Histogram work?

Forex indicator Stoch Histogram draws the histogram bars alongside with a moving average as you can see in the picture, both identify current and past market trends. In this indicator you can see the signs of trend reversal before starting a trend, as first color change takes place.

How to enter and exit trades by Forex indicator Stoch Histogram?

In this indicator, the green bars of the histogram indicate an uptrend and the red bars show a downtrend in the Forex market. To enter a trade with the Stoch Histogram, you should check the following items for any kind of trade including buy or sell.

We always recommend you not to use any indicators as a sole strategy for any kind of trading. You should use it alongside with other indicators or strategies.

To open a buy trade with the Stoch Histogram: ⦁ Histogram lines should be green. ⦁ The moving average line should be inside the green lines. So if the bars were green but the moving average line was not inside the bars, in this case we can say that opening a buy trade can be associated with a higher risk and it is better to avoid that kind of trade.

How to open a buy position with Stoch Histogram?

Look at the image below:

معامله خرید صحیح و اشتباه با اندیکاتور فارکس Stoch Histogram

Right and Wrong Buy Trade with Stoch Histogram Forex Indicator

In the picture above, we have shown two positions. The first position is the correct position to enter the market and in the second position, given that the moving average is out of the histogram bars, the position is wrong, the indicator itself shows it to you with an exit tick. ⦁ In this case, the histogram bars have become green. on the other hand, the moving average line is inside the bars, so a buy trade can be opened in the indicated candlestick. ⦁ In this case, due to the fact that the moving average line is out of the histogram bars, it Indicates a correction or the beginning of a downtrend, so you should not hold a buy position. You should also never open a buy position in this zone, of which we have highlighted it with a candle for you.

How to Open a Sell Position with Stoch Histogram?

Look at the image below:

معامله فروش با اندیکاتور فارکس Stoch Histogram

Trading with Forex Indicator Stoch Histogram

In the picture above, we have shown to you two positions. The first position is the correct position to open a sell position and in the second position, given that the moving average is out of the histogram bars, the position is wrong. the indicator itself shows it to you with a tick for exit. ⦁ Histogram bars are red and this is a sell signal. The moving average line is located inside the histogram bars and is a good sell signal and we can open a sell position. ⦁ In this case, the moving average is out of the histogram. It is mentioned by ticking which the indicator itself has placed, so it is not a good time to open a sell position. On the other hand, it indicates that a correction in the trend is going happen or a reversal of the trend can be possible. What you should do in this situation is to close your positions (in case you have an open one) and exit the market.

Exit Signal by Stoch Histogram

As explained, you can exit the previous position by seeing a new and opposite signal. Also, it is better to leave your trade as the moving average gets out of the histogram bars. Because the market may have a correction that will reduce your profits and in case of exit, you can enter again while the new signal is issued. Sometimes it may be a trend change warning which is fine since you left the market earlier with more profit and you can open a new position later in the direction of the new trend. so practically the Forex signal issued by this indicator has an enter point and an exit point to which you should pay full attention.

Download of Forex Indicator Stoch Histogram

This indicator is free and you can download it from the box below:

How to Install the Forex Stoch Histogram Indicator in MetaTrader 4?

⦁ To install the indicator in MetaTrader, first click on File in the MetaTrader tab. ⦁ Then select the Open Data Folder menu from the menu which opens ⦁ Open the MQL4 folder to install the indicator ⦁ then copy and paste it in the indicator folder. ⦁ Now close your Meta Trader and open it again. In the relevant menu you will see that the indicator has been added to the list of indicators. Just double-click on it in MetaTrader to be run and be placed on the chart. If you couldn’t get the whole lesson by studying this tutorial, you can try the video tutorial provided for you below. Frequently Asked Questions

Question: How can I get the Stoch Histogram Forex Indicator?

Answer: This indicator is provided in two versions, demo and real. You can download the demo version on this article. To receive the real version, you need to have an account in our confirmed brokers.

Question: What is a Forex Indicator?

Answer: The Forex Indicator is actually an assistant tool which helps Forex analysts to go ahead with a more accurate and a better analysis of their own.

Question: What is the best and most reliable Forex indicator?

Answer: As stated in the introduction of all the websites' indicators, each Forex indicator should be studied in respect to its trading strategy. It's up to you what trading strategy you use and which indicator is right and suitable for you.

Question: Where can I download the Forex Signal Indicator?

Answer: There are various indicators that provide a Forex signal. This indicator, prepared for you in this post to download, is also a Forex signal indicator.

Question: Is Forex Indicator Profitable Alone?

Answer: If you can improve and optimize an indicator very well and appropriate with the Forex market, you can also make profit with just one Forex indicator alone.