Color Stochastic Indicator
Color-coded overbought/oversold stochastic · Free · MT4
About Color Stochastic Indicator
The Color Stochastic Indicator plots a fast and slow stochastic line as a color-changing histogram — the fast line turns lime above the 80 level and red below the 20 level — making overbought and oversold zones easy to read at a glance on any MT4 chart.
It supports multiple moving-average calculation methods (SMA, EMA, SMMA, LWMA) for its smoothing, and is commonly used as a confirmation filter for mean-reversion entries alongside an existing trading system, working across all pairs and timeframes.
- Platform: MetaTrader 4
- Type: Color-coded stochastic oscillator (overbought/oversold)
- Smoothing options: SMA, EMA, SMMA, LWMA
- Price: Free
- Source: indicatorspot.com · Colored Stochastic Indicator
Key Features
✓ Color-coded histogram makes overbought (>80) / oversold (<20) zones instantly visible
✓ Four selectable moving-average smoothing methods
✓ Free, works with any existing trading system as a confirmation filter
⚠ Best suited to mean-reversion/oscillating conditions — less useful in strong sustained trends