One more indicator is now available on the new chart version. It’s a Stochastic oscillator.
Stochastic is a leading indicator that works well in the flat market. Use it to forecast when the market starts going sideways and avoid risky trades (especially if you prefer trend trading).
Stochastic was created in the late 1950s by George Lane and remains one of the most popular technical indicators in trading. The indicator measures the price momentum and shows the overbought and the oversold levels.
Stochastic consists of two lines: fast and slow. When the fast line crosses the slow one in the overbought or oversold zone, be on alert. If both lines cross the level top-down or bottom-up (respectively), it is a signal for trade.
Please ensure the market isn’t trending when using Stochastic to avoid incorrect signals.
You’ll find Stochastic in the “Trading Tools” section (the chart settings menu). For now, you have 11 indicators available on the new chart version. The new chart gives you a better trading experience and is handy when using a not-very-powerful device.
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