"stochastic" means something that is unpredictable or random. It refers to a process or event that is influenced by chance factors and does not follow a specific pattern or rule. Full definition
Many other swing traders make use of stochastic oscillators to find out the overbought and oversold points as their points of entry into the market. (adigitalblogger.com)
There are three types of Stochastic Oscillator: Fast, Slow, and Full. (tradingsetupsreview.com)
The Top Dog Trading system, for instance, has a whole catalog of stochastic indicator patterns, called «second chance» patterns, that are very accurate for calling absolute cycle highs and lows in price. (fxdayjob.com)