The
stochastic oscillator is a technical indicator used in finance to measure the momentum of price movements. It helps traders determine whether an asset is overbought or oversold. It compares the current price of an asset to its price range over a specific period of time and calculates a value between 0 and 100. A reading above 80 indicates that the asset is overbought and may be due for a price decrease, while a reading below 20 suggests the asset is oversold and may be ready for a price increase.
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