The Stochastic Oscillator indicator was developed in the late 1950s by Dr. George Lane . The term stochastic refers to the point of a current price in relation to its price range over a period of time. The stochastic oscillator show 2 lines (Main and Signal line) and s support and resistance level. He is included in MetaTrader 5. The default settings are: K% 5, D% 3 Slowing 3.
The Stochastic Oscillator EA is a forex robot based on the Stochastic Oscillator indicator with its Main Line, Signal Line and the Support and Resistance levels.