as with most indicators, all of the periods used within, stochastic can be user defined. Market structure, moving average ) Since you like candlesticks, heres more for you: Confused by complicated patterns? Remember, it is typically best to trade along with the trend when using Stochastic to identify overbought/oversold levels. You can access the Formatting Window by either clicking on the Blue "Format" button in the Chart Header next to the Indicator name, or by right clicking on the Indicator in the chart itself and selecting "Format".
It's "periodK" in the calculation paragraph. Losing Trade intc Short Swing The chart above shows the daily price bars of Intel Corporation (intc on nyse). For simplicity, you can use price action and the, stochastic, oscillator to judge the market trend. K SMA(100 * (Current Close - Lowest free automated binary options trading indicators Low) / (Highest High - Lowest Low smoothK) 'D is a smoothed average of K, to minimize whipsaws while remaining in the larger trend.'. It is easily perceived both by seasoned veterans and new technicians, and it tends to help all investors make good entry and exit decisions on their holdings.