Brief History of Stochastic Oscillator
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The stochastic oscillator was developed in the late 1950s by George Lane. As designed by Lane, the stochastic oscillator presents the location of the closing price of a stock in relation to the high and low range of the price of a stock over a period of time, typically a 14-day period. It was also stated that Dr. Lane developed the strategy with a team of traders and analysts but they remained to be unrecognized up until now.
"Stochastics measure the momentum of price. If you visualize a rocket going up in the air - before it can turn down, it must slow down. Momentum always changes direction before price."
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The stochastic oscillator was developed in the late 1950s by George Lane. As designed by Lane, the stochastic oscillator presents the location of the closing price of a stock in relation to the high and low range of the price of a stock over a period of time, typically a 14-day period. It was also stated that Dr. Lane developed the strategy with a team of traders and analysts but they remained to be unrecognized up until now.
"Stochastics measure the momentum of price. If you visualize a rocket going up in the air - before it can turn down, it must slow down. Momentum always changes direction before price."
