The Stochastic Oscillator
(Stochastic Oscillator)
Stochastic Oscillator was developed by the president of the corporation «Investment Educators«, Inc. By George C. Lane.
It was created to estimate the distance of the last closing price of the bar from the edge of the price range for a given period. The need to implement in the form of a technical indicator appeared after it was noticed one of the properties of the market: if the market moves up / down, the closing price of the bars the period closer to the top / bottom of the trading range for a certain time interval.
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