This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
Top Reasons Why You Should Use QuantShare:
Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
The Lane's stochastic oscillator is an improvement of the well-known stochastic indicator. It was developed by Georges Lane in the 1950s. It is based on the calculation of the difference between the daily price and the lowest low divided by the highest-lowest price range. The indicator values vary from 0 to 100.
Lane's stochastic is used to determine overbought and oversold markets and to generate appropriate entry and exit points. In fact, acting upon the principle that prices tend to reach the extremes of the recent range before reversing, overbought markets occur when very high levels (Lane used an 80% limit) are reached. An oversold market occurs when values under 20% are reached.
Reliable signals are generated by the indicator when a divergence occurs. Positive divergence, when the indicator moves higher while the security price declines, and negative divergence when the indicator moves lower while the security price increases.
The Lane's stochastic function name is 'lane_stochastic_oscillator'. It has only one argument: the range period (generally between 5 and 21 bars).
>>>> More trading objects? click here to search for trading sytems, downloaders, screens, custom drawing tools, indicators... by country, market or style.
