Stochastic oscillators tend to vary around some mean price level, since they rely on an asset's price history. The stochastic oscillator measures the momentum of price movements. A new tool called Momentum trading (TMX) is a derivative of this concept that provides a way for investors to estimate the future momentum and direction of a company's stock. Using Momentums, they can trade to their actual value.
We built 'StocScanner' custom indicator that will scan stochastic on the various symbols and various timeframe at the same time. The stocscanner will print out an indicator showing the time in the stoichiometric units. So that it will help us to keep track of all the reactions and their Stochastic movement and the quantity of product at any given timeframe.
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