A stochastic indicator is a technical analysis tool that uses random data points to forecast price changes in a financial security. It compares the closing price of a security to its price range over a set period of time. The indicator is designed to indicate when a security is overbought or oversold by comparing the closing price to the price range over a certain...
Multi Time Frame Stochastic Fast, medium, slow and Too slow stochastic of current time frame and higher time frame for creating view for buying or selling How to use 1. For Divergence - price making higher high but stochastic making lower high or vice versa 2. choosing strategy - whether buy the dips or sell on rise 3. deciding whether downtrend or...
Short-term, Mid-term and long-term Stoch. this indicator comes with overbought overbuy zones, when lines are tested the upper or lower zone that indicate that the market is in overbought or oversold. Olso comes with J plot candles, when the candles are in upper or lower zone they plot red or green color, indicating that the market has entered in overbought...