FORGEStochastic
Where the close sits within the range of the last candles, from 0 to 100.
What it measures
The stochastic tells you where the close sits within the range (from low to high) of the last candles: 100 if it closes at the high, 0 if it closes at the low. Above 80 is usually called overbought and below 20, oversold.
How it’s calculated
%K = 100 × (close − lowest of n) ÷ (highest of n − lowest of n)
- %K over 14 candles. With %K smoothing at 1 it’s the fast stochastic (the default); at 3, the classic slow one.
- %D is the 3-candle average of %K: the signal line.
How to read it
- Zones: when overbought, the close is pinned to the period’s high; when oversold, to its low. In a trend it can stay there for a long time.
- %K against %D: when %K crosses %D, short-term momentum is switching sides.
- Divergences: price making a higher high while the stochastic makes a lower one says the rally is losing strength, and vice versa.
Built-in strategies
What the indicator already has inside and can mark for you on the chart. They show what has happened; they are not recommendations.
%K crossing %D
On by default- What it marks
- A mark in the strip when %K crosses %D. By default, only buys below oversold and sells above overbought.
- Alert
- Blinks when it appears; on-screen alert and sound if you turn them on.
- Turned on with
- «%K and %D crossover» and «Only buys below oversold and sells above overbought», in Signals.
Zone exit
Off by default- What it marks
- A mark when %K leaves oversold (bullish) or overbought (bearish).
- Alert
- Blinks when it appears; on-screen alert and sound if you turn them on.
- Turned on with
- «Exit from overbought / oversold», in Signals.
Regular divergences
On by default- What it marks
- A dot on each pivot and a line between the two, in the strip, when price makes a higher high and the indicator a lower one (bearish), or the other way around with the lows (bullish).
- Alert
- Blinks when it appears; on-screen alert and sound if you turn them on.
- Turned on with
- «Regular divergences», in Signals.
Hidden divergences
Off by default- What it marks
- The opposite of the regular kind: price makes a higher low and the stochastic a lower one (bullish), or the other way around with the highs. They point to the trend continuing.
- Alert
- Blinks when it appears; on-screen alert and sound if you turn them on.
- Turned on with
- «Hidden divergences», in Signals.
Only with the trend
Off by default- What it marks
- Keeps only the signals in the direction of an exponential moving average (200 by default).
- Alert
- It filters the alerts too.
- Turned on with
- «Only with the trend (average)», in Signals.
Adding it to the chart
In the chart bar, Indicators ▾ › More Indicators…. You’ll find it in the Oscillators / Momentum category. It’s drawn in its own strip, below the candles. How to move and adjust a strip is in Indicators.
Settings
Open them by double-clicking its strip, or with the ⚙ on its row in Indicators ▾. Each section collapses and expands on its own.
| Setting | Default | What it does |
|---|---|---|
| Stochastic | ||
| %K period · %K smoothing · %D period | 14 · 1 · 3 | Smoothing 1 = fast; 3 = slow. |
| %D line | Yes | Shows the signal line. |
| Drawing | ||
| %K color · %D color | Blue · Orange | The colors of the lines. |
| %K width · %D width | 1.5 px · 1 px | From 0.5 to 6 px. |
| Levels | ||
| Show overbought and oversold · Overbought · Oversold | Yes · 80 · 20 | The two zone lines; from 50 to 100 and from 0 to 50. |
| Levels color (0 = automatic) · 50 line (0 = automatic · 50 line) | Automatic · No | The middle line, if you want it. |
| Strip | ||
| Value on the axis · Strip height · Grid · Grid color (0 = automatic) · Grid divisions | Yes · 92 px · No · Automatic · 4 | Like the other strips. |
| Signals | ||
| %K and %D crossover · Bullish crossover color · bearish | Yes · Ice · Pink | Marks the crosses. |
| Only buys below oversold and sells above overbought | Yes | Only the crosses in the extreme zones. |
| Exit from overbought / oversold · Bullish exit color · bearish | No · Light ice · Light pink | Marks when %K leaves a zone. |
| Regular divergences · Hidden divergences · Bullish divergence color · bearish · Hidden bullish divergence color · bearish | Yes · No · Ice · Pink · Soft turquoise · Lilac | With pivots of 5 candles on each side (from 2 to 20) and at most 60 candles apart (from 5 to 300). |
| Draw the divergence line · Line width | Yes · 1.5 px | The line between the two pivots, from 0.5 to 4 px. |
| Only with the trend (average) · Period (moving average · period) | No · 200 | Keeps only the signals in the direction of an exponential moving average; the period, from 10 to 400. |
| Also mark on the price · Mark size · Days with signals | No · 4 px · 5 days | Where, how big (from 2 to 12 px) and for how many days they’re marked. |
| Alerts | ||
| Blink on new signals · On-screen alert · With sound · Alert color | Yes · No · No · Light blue | How it alerts on the signals of the last candle. |
| Neural | ||
| Glow (Neural theme) | Yes, when added | A halo of light in the color of each line or mark, like the one on the Neural theme candles. A newly added indicator comes with it checked; the ones you already had saved don’t. |
| Glow intensity (%) | 60% | From 0 to 100%. |
Settings belong to each chart: changing the Stochastic on one chart doesn’t change it on another.