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The stochastic oscillator provides information about the location of a current close in relation to the period's high and low. It ranges between 0% and 100%. A reading of 0% indicates that the close was the lowest price at which the security traded during the preceding x number of time periods. A reading of 100% indicates that the close was the highest price at which the security traded during the preceding x number of time periods.
This version of the Stochastic Oscillator does not include the Period of fast average and tends to be less sensitive to changes in the price of the underlying than the fast version.
To apply a Slow Stochastic Oscillator
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