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Stochastic – Signal (Expo)

DESCRIPTION

Stochastic is a popular momentum indicator that is built around the assumption that in an uptrend the price close near the high and in a downtrend the price close near the low. By calculating stochastic in this way gives the opportunity to see price momentum and price changes.

THIS INDICATOR PLOTS STOCHASTIC-SIGNALS and makes use of the standard calculation of Stochastic . The indicator has built-in flexibility that allows you to determine the oversold/overbought value and CrossOver/CrossUnder value of Stochastic . This enables you to fit the values to the current market characteristics.

HOW TO USE

1. Determine the oversold and overbought value depending on current market characteristics

2. Determine the CrossOver and CrossUnder value depending on current market characteristics

3. When the signal appears, consider Enter the market.

 

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