stochastic oscillator: A stochastic oscillator is a momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period of time. The sensitivity of the oscillator to market movements is reducible by adjusting that time period or by taking a moving average of the result. It is used to generate overbought and oversold trading signals, utilizing a 0–100 bounded range of values.
Time interval: Candlestick or bar Timeframe
stochastic oscillator: An Oscillating Trading Indicator
Index: Select one of the two components of the stochastic oscillator – stochastic oscillator, or Signal stochastic oscillator.
1. Range: Stochastic Oscilator value range.
2. Position: The position of one of the Stochastic Oscilator components in relation to the other.
Effect: Select one of the “Between, Out of range, Higher than, Lower than” when selecting “Range Method” and enter your designated values.
Select one of the “Higher than or Lower than” when you choose “Position method” and select the second index. The first index functions –Higher than or Lower than– in coordination with Second index or Target level.