stochastic alert

I have an idea for the timing entry, based on overbought/oversold stochastics.
We all know price movement is mostly caused by trader phsycology .
I believe this is evident with fibs .I think they work because there is a huge group of people watching and reacting at these levels.
So it would seem the more the merrier .
Lately I have been experimenting with entering only when the 1hr and 4hr stochastics are both over 80 /under 20 at the same time with the 1hr turning.
The results have been excellent.
I got to thinking this may be because both the hourly traders and the 4hr traders are seeing the same thing and entering at the same time causing more momentum at these times.
I was thinking of trying to watch for these setups involving the 15 min too.
The problem is that it is just a pain to have to be searching for these setups all the time .
I was wondering if there was an ea with an alert that could give us a heads-up when we have overbought/sold conditions at the same time on different timeframes.
If not, would it be difficult someone to make one?

from ff post http://forexfactory.com/showpost.php...&postcount=184

http://forexfactory.com/attachment.p...4&d=1180373109

Thanks fxid10t, much appreciated.

Hi fxid10t, can u pls teach me how to load this EA to my MT4 ? Thank you in advance.

I like your theory on this.

I've thought about this too. Stochs & RSI are purely based on "too much" or "too little" - it might just be the most straightforward way to trade-the-trend. One day I will program an EA that uses nothing but Stochs and RSI

This is a custom indicator and should be saved in the ".../experts/indicators" folder. After saving, open MT4 (or close, then reopen) and the indicator should be available on the Custom indicator list.