Indicators, part II: The Oscillators

Indicators, part II: The Oscillators

Oscillating indicators get their name due to their tendency to oscillate within a
range of values. They can signal when price is at extreme levels and due for a
reversal.

Oscillating indicators get their name due to their tendency to oscillate within a
range of values. They can signal when price is at extreme levels and due for a
reversal.

Stochastics

Stochastics consist of a fast line and a slow line, and oscillate between 0 and
100. Levels above 80 are said to be over-bought and levels below 20 are
referred to as over-sold. When the red line crosses above the blue we know that
the bulls are overpowering the bears. When the red line crosses below the blue,
on the other hand, we know that the bears are beginning to overpower the bulls.

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Andrei Knight is a highly sought-after speaker and coachfor professional traders and individual investors alike, and holds international certifications as both an NLP Practitioner, and a Professional Life Coach. He is the author of "Trading Forex for a Living", and has made frequent... More

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