Created by Kaleem Haider, the indicator was first uploaded to the MQL5 marketplace on the 13th of April 2016, there have been a number of different updates, the most recent of which was on the 29th of August 2017, this update brought the indicators version up to 1.40.
Overview
Tipu Stochastic is an indicator that was designed to be used with the MetaTrader 4 platform.
Some of the main features of the indicator:
- Choose three types of signals (Reversals, Main Signal Cross, and Overbought/Oversold Cross).
- Customizable Buy/Sell alerts, push alerts, email alerts, and visual on-screen alerts.
- Marked overbought and oversold levels.
The indicator can give out some strong trading signals when the stochastic crosses the overbought or oversold levels. It may also generate a signal when the main line reverses directions and starts to trend in the opposite direction.
The indicator also comes with some additional payments, these include whether to show the panel, what the panel displays, the K period, the D period, averaging method,m price, signal types, alert types, and more.
Service Cost
There is only an option to rent this indicator, it will cost you $10 per year to rent so it is very affordable, when rented, you are given up to 10 activations of the software. There is a free demo version available, this can only be used with the strategy tester within the MT4 platform.
Conclusion
Five reviews in total giving the indicator an overall rating of 4.5 out of 5.
“Hi…Haider..your CCI indicator is awesome..and after using it for some days.. I checked on your other stuff..and bought the stochastic…your indicators are best of the best..100% accurate..seems my search for a perfect system ends with your indicators as it has all the functionality and options needed by a trader… it’s like all in one complete package..just too good..keep up the smart work.” – A 5-star review.
“Worth the money, perfect match with tipu MACD.” – A 5-star review.
“Ordinary KD indicators only, the general software comes with it.” – A 2-star review, translated from Chinese.
So the reviews are mainly positive, the developer has not been very active within the comments, only replying once to the 14 comments left by its users, this is not a great sign as to the sort of customer support that you would receive. We would strongly suggest trying to get in contact with the developer to ensure that you will be able to receive some support should you decide to rent it.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/15780
