A stochastic is an oscillator that will help us measure the overbought and oversold conditions in the market .The Stochastic is an another indicator to help us to know where a trend will be ending.
The Stochastic are scaled from 0 to 100.The stochastic tells us when the market is overbought or oversold.
When the stochastic lines are under 30 (the green line), it means that the market is oversold ,When the stochastic lines are up 70 (the red line in the chart) it means the market is overbought.
Stochastics are another indicators used to helps us to determine where a trend will be ending.A stochastic is an oscillator that measures overbought and oversold conditions in the market.
HOW TO APPLY STOCHASTICS
The stochastics let us know when the market is overbought or oversold. When the stochastic lines are under 30 (the green line) ,it means that the market is oversold but When the stochastic lines are up 70 (the red line), it means that the market is oversold
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