RE: Red Braces Brigade20 Mar 2020 14:16
G: It's my bad use of language, the indicators don't actually tell you when to buy or sell. They are a mathematical average, if you like, over the period and it indicates when the current share price is getting outside of a range(which you can configure) which MIGHT indicate an iminent change of direction of the share price. I use them a lot, they are certainly not foolproof. I saw the stochastic being used on IG daily briefing and it looked useful. I don't understand the underlying maths, but if you have ever looked at ,say, 20 and 100 day moving averages, think of these indicators as a more advanced version of them.