Mastering Technical Analysis: Smarter, Simpler Ways to Trade the Markets by Northcott Alan

Mastering Technical Analysis: Smarter, Simpler Ways to Trade the Markets by Northcott Alan

Author:Northcott, Alan [Northcott, Alan]
Language: eng
Format: azw3
Publisher: Alan Northcott
Published: 2014-11-17T16:00:00+00:00


Stochastic Oscillator

The Stochastic Oscillator is illustrated opposite in Figure 8.5 and was invented by Dr. George Lane. For a period in the 1990s it became a Holy Grail for traders. It goes into more depth on the price action than many other oscillators, which may explain its effectiveness. The initial idea on which it is built is that in an uptrend the closing prices tend to be towards the top of the daily price range, and in a downtrend you will find the closing prices are lower down the range of



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