Stochastic Indicator: What is it and how can I use?

The stochastic indicator is an oscillator that allows you to see at a glance the momentum of the market. Momentum is the pressure or weight behind the trend. It is based on the idea that if prices are rising, the closing price tends to be higher than it would if the market was stable. Similarly, when prices are falling, the closing price tends to be low. In this case the oscillator action when a trend is considered to have reached its limits and is about to turn. The actual calculations are complex, but fortunately you do not need them because most commercial software is done automatically for you. This means you should be able to access the indicator plotted on a chart in your Forex

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