Stochastic oscillator is a very well known tool used in technical analysis worldwide. It is a popular technical indicator for generating overbought and oversold signals.
This indicator is enhancing the power of stochastic and making it a more reliable tool for trading. Main features of this indicator are as follows:-
1 - Input settings for fast and slow period.
2 - Price smoothing factor for price pre-smoothing.
3 - Filter which acts as a threshold for stochastic filtering process.
4 - Over bought and over sold setting.
5 - Alerts generated according to OBOS settings.