Concept
The Stochastic Oscillator is a momentum indicator that compares a particular closing price of a security to a range of its prices over a certain period, aiming to predict price turning points by identifying overbought or oversold conditions. It operates on the principle that prices tend to close near the high in an uptrend and near the low in a downtrend, providing insights into potential reversals or continuations of trends.
Relevant Degrees
3