Setting up the Stochastic Oscillator in MetaTrader 4
This guide shows you how to set up the stochastic oscillator in MetaTrader 4.
This guide assumes that you have opened a chart.
After reading this tutorial, you should be able to:
- Add the stochastic oscillator and set the parameters of this indicator
- Change the parameters
- Remove the stochastic oscillator
Add the stochastic oscillator and set the parameters of this indicator
- Click Insert and move your mouse over Indicators and Oscillators
- Click Stochastic Oscillator
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/1d755e76113849b484fa678154e9e2cd.png)
Setting the common parameters
After you have completed the step above, the settings menu appears.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/b9282ef161dc4dd888be091b4874f342.png)
Most indicators can be controlled by several common parameters.
There are two types of parameters:
- Calculations of the indicator: e.g. the amount of periods used for the stochastic oscillator (you do not need to worry too much about this in the beginning)
- Visuals of an indicator: e.g. how it will look, the colour and thickness of the lines, etc.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/5656d216df3c40d8bb0a21b5f807710c.png)
Changing parameters at a later time
To change the settings of the indicator directly on the chart at a later date:
- Right-click the stochastic oscillator (you will have to be exact on the line of the indicator to get the menu seen below)
- Choose Stoch(5,3,3) Properties – (5,3,3) stands for the respective parameters (%K period, %D period and Slow) and can differ, depending on your choice in the beginning
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/29c20f66deae4d05a21ffcc18e483217.png)
The parameter menu appears again where you can change the indicator.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/24d922ddaff849eab7bba631ac284b5c.png)
Deleting an indicator
To delete the stochastic oscillator:
- Right-click the indicator that you want to delete (you will have to be exact on the line of the indicator to get the menu shown below)
- Click Delete Indicator
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/a1ec5aafd1aa4626b647f5a12abac8fa.png)
The stochastic oscillator disappears from your chart.
![](https://d364wuh8hyfjvy.cloudfront.net/public/images/40c3fb603d384f548f78bf86b6847d16.png)