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Thursday, 13 June 2024
Forex-Bob-Stochastic-Candles-Indicator
Forex-Bob-Stochastic-Candles-Indicator

Forex-Bob-Stochastic-Candles-Indicator

Watch the testing video here:

The Stochastic oscillator is another technical indicator that helps traders determine where a trend might be ending.

The oscillator works on the following theory:

  1. During an uptrend, prices will remain equal to or above the previous closing price.
  2. During a downtrend, prices will likely remain equal to or below the previous closing price.

This simple momentum oscillator was created by George Lane in the late 1950s.

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