Jude

Anyone who uses Stochastics in their indicator list? Can anyone explain what's this?
I've added the indicator but I can't tell which line is %K and which line is %D. Help! hehehe

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Traderj

I see this is an older post but thought I'd chime in on it.. the slow stoch or any stoch for that matter is like ALL technical indicators they are lagging, meaning simply they are showing you what happened in the past.. they are not leading or predictive indicators.. we all know that the market like history tends to repeat itself.. so people have come to believe that lagging indicators will give them an idea where the market will go next.

They all work to some degree with varying levels of success.. with the slow stoch you will find most people use it simply as an overbought or oversold indicator either selling or buying when the lines you've set are broken.. generally those lines are set at the 80 and 20 lines on the 0 - 100 scale it works on.

Don't put too much stock in any TA tool as they are wrong just as often as they are right..you will find many people will just keep adding tools and adding tools to the point that they can't ever make a trade as there is such a massive amount of info they are frozen trying to figure out whether it means to get in out or anything...

Bottom line is the vast majority of long term successful traders make do keeping their systems as simple as they can while gaining and applying their own market feel..

Just my two cents worth of course YMMV.

J

JoseLeon

Good point Traderj

I agree with you, I think that all indicators lag so much and they are not strictly necessary.

Are you using pivots?

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