Below is a very simple example of the stochastic I was referring to.
It's a 3 year chart of the xjo daily stochastic.
For those who don't know (sorry to everyone who does which i would expect to be the majority here) the dotted lines on the top & bottom are overbought & oversold respectively. 80 & 20 (15,5 & 3).
xjo weekend zoomba lounge, page-227
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Last
8,075.7 |
Change
87.800(1.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,987.9 | 8,079.0 | 7,979.5 |
| XJO (ASX) Chart |