1. Select a date from the date list. (Default to the latest date)
2. Select Daily or Weekly. (Default to daily chart)
3. Select a stochastic value ranges and click the submit button(A stochastic below 20 means a stock is oversold, and a value above 80 means a stock is overbought)
4. Scanned Result (It shows a list of symbols that meet your requirement)
5. Review Stock Charts
Pick any symbol from the output and review their charts. In this example, we use dthe symbol, ADLR, with its chart shown below. We can see from the chart that the Stochastic is just crossover.
Stochastic Trading System
A good way to study technical analysis is to study the past and predict future performances. In order to do that, you need to have a trading system that's been backtested, and which works for you.
To learn how to come up with a trading system with candlestick, do the following:
1. Select a date from the past, let's say 2008-07-22
2. Select Daily or Weekly. (Default to daily chart)
3. Select a stochastic value ranges and click the submit button(A stochastic below 20 means a stock is oversold, and a value above 80 means a stock is overbought)
4. Scanned Result (It shows a list of symbols that meet your requirement)
5. Focus on the symbols that return positive (symbols in green) outcome today - (Study the chart for each symbol and find patterns for the ones that return the most profit)
For example: the symbol KO close at $50.12 on 2008-07-22 and is now $52.06.
Important Note:
Please note patterns doesn't work 100% of time otherwise everyone will be rich. Our tool only helps you to find the patterns you defined, but you have to make your own decisions base on the result. If you want to be successful in trading, you will have to study the charts and backtest
your system everyday.