question about Stochastics

A

aiyah_mark_lah

Hi, I am wondering if more experienced users could help me.

Stochastics overbought levels are more significant and reliable if it is preceded by a swing from the oversold level and vice versa.

Is the above true ?

Thanks in advance for your advice.

regards

mark
 
all indicators work better when confirmed with another.like rsi ,macd ,price bars rolling over.....not so reliable on their own
 
hi ammo, thanks, I agree, I personally prefer price action and indicator to confirm each other though.

Still it does not answer the question. I mean, looking at just the indicator, assuming no other analysis done. :)

regards
 
i watch it, a lot of times on a trend day it will stay above 80 or below 20 for hours so it becomes useless on its own, and as per your question, i don't know
 
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