What is the best stochastic setting for day trading?

For OB/OS signals, the Stochastic setting of 14,3,3 works well. The higher the time frame the better, but usually a H4 or a Daily chart is the optimum for day traders and swing traders.

What is K and D in stochastic?

Stochastic oscillators display two lines: %K, and %D. The %K line compares the lowest low and the highest high of a given period to define a price range, then displays the last closing price as a percentage of this range. The %D line is a moving average of %K. A stochastic study is useful when monitoring fast markets.

What is the FSTO indicator?

Description. The Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods. The indicator can range from 0 to 100. The closing price tends to close near the high in an uptrend and near the low in a downtrend.

What is a fast stochastic?

Stochastic oscillators are a class of momentum indicators comparing a particular closing price of a security to a range of its prices over a certain period of time. The “fast” stochastic uses the most recent price data, while the “slow” stochastic uses a moving average.

What is MACD in stock?

The Moving Average Convergence/Divergence indicator is a momentum oscillator primarily used to trade trends. Although it is an oscillator, it is not typically used to identify over bought or oversold conditions. It appears on the chart as two lines which oscillate without boundaries.

What is fast Scholastic?

A momentum technical indicator that aims to measure the trend in prices and identify trend reversals.

What is better than MACD?

Schaff Trend Cycle is a charting indicator used to help spot buy and sell points in the forex market. Compared to the popular MACD indicator, STC will react faster to changing market conditions.