Technical Indicators

• Stochastic

  Technical indicator is a mathematical calculation based on historic price, volume information that aims to forecast market direction. Technical indicators are a fundamental part of technical analysis and are typically plotted as a chart pattern to try to predict the market trend. Indicators generally overlay on price chart data to indicate where the price is going, or whether the price is in an "overbought" condition or an "oversold" condition.

• Stochastic formula

  The stochastic indicator is calculated using the following formula:

• %K = 100(C - L14) / (H14 - L14)

• where

• C = the instrument’s most recent closing price

• L14 = the instrument’s lowest price of the 14-day period

• H14 = the instrument’s highest price of the 14-day period