Advanced GET False Bar Stochastic

Stochastic False Bar:

The appearance of this special, built-in feature of the GET Stochastic means that the overbought / oversold indication of the standard Stochastic is questionable. So, for example, for an “overbought” market, the false bar indicates that the market actually has a chance of moving higher. Where the false (black) bar does not appear, the overbought / oversold conditions of the Stochastic can be considered higher-probability reversal areas and, thus, trading opportunities.

 

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