Close n Parallel
Foretelling a Price Reversal
Can George Lane’s Stochastic Oscillator foreshadow swings or reversals before price knows it?
Dr. Lane was a smart guy to recognize a predictive nature of his measurement, naturally complimented by a market’s psychology of Traders in Large Numbers.
THE FORMULA
for the Stochastic Oscillator:
%K = (C−L14) / (H14−L14) × 100 where:
