The “Stochastic” oscillator was developed by George C. Lane. It is an indicator for market momentum, which maps the Close price relative to the trading range (high/lows) within a given time period. Some analysts use this indicator as a help to spot periods with a strong underlying buying pressure in the market (indicated if the Close price is consistently near the top of the trading range = near the Highs) or selling pressure (indicated if the Close price is consistently near the Low end of the trading range = near the Lows).
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