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How to Use the Stochastic Oscillator

By Ilene
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A lesson from EWI's Jeffrey Kennedy

The stochastic oscillator is a technical tool that was popularized by George Lane. It is a momentum indicator based on the idea that in an uptrending market, the close tends to be near the high of the price bar, and in a downtrending market the close tends to be near the low of the price bar.

Watch an 11-minute lesson from Jeffrey Kennedy's Trader's Classroom to learn to use this popular indicator in your analysis and trading.

 

3 Lessons: Learn to Spot Trade Setups on Your Charts

In these three video lessons, Jeffrey Kennedy shows you how to look for trading opportunities in your charts. Kennedy, instructor for Elliott Wave International's popular Trader's Classroom service, reviews the 5 core Elliott wave patterns and then shows you how to combine technical methods to create a compelling forecast.

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This article was syndicated by Elliott Wave International and was originally published under the headline How to Use the Stochastic Oscillator. 

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