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What is the Best Technical Indicator in Forex?

It is an art and as traders, we need to learn how to use and combine the tools at hand in order to come up with a system that works for us. Thanks you a million for giving us such valuable lesson. Usually we see two lines, K and D, and they receive different parameters, in trandingview. I have read and agree to the privacy policy. The presence of discrepancy is when, for instance, the prices have reached new highs, and the values of oscillator turned out to be too weak for reaching new peak values.

Many forex traders use the Stochastic in different ways, but the main purpose of the indicator is to show us where the market conditions could be overbought or oversold. Over time, you will learn to use the Stochastic to fit your own personal forex trading style.

What are Your Best Indicators?

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What is a 'Stochastic Oscillator'

In addition, the indicator demonstrates oversaturation with purchase trades in the market, so the zone of sales is started if the STOCH lines shifts over the top control level. As a rule, they use the following interpretation of the indicator: If the curve %K crosses the curve . Free Indicators, Trading Systems & Expert Advisors for MetaTrader 4 & 5. A stochastic oscillator is a technical momentum indicator that compares a security's closing price to its price range over a given time period.