We present to your attention the Fast Stochastic indicator which task is to determine zones of overbuy and oversell at the market therefore begins the price turn. It is placed in the section Indicators - "Scalping"
it looks as following:
Settings of the indicator:
KPeriod – standard parameter;
DPeriod – standard parameter;
Moving average – the Simple method, prices – Low/High.
It is better to use the Fast Stochastic indicator on long time frames, starting from H1 and more. It is possible to buy when lines of the indicator touch a horizontal mark 20 and to sell when they are near level 80, as shown at the pic below.
This indicator will suit those who prefer medium-term and long-term trade. We wish you high profit.