Disliked{quote} That's how to trade the overbought and oversold. Price can be more bullish on Overbought as the GBPNZD running now and on oversold price can be more bearishIgnored
It is like moving average just showing data as oscillator! It is just average close price of X candles back! So if standard MA has no top or bottom (and even can be negative!) stochastic has 0-100 channel only.
Only on forex it is possible to trade for years and not find 5 minutes of time to figure out how the basic indicators work... Then they wonder why
Observer effect
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