Technical_Analysis_page_467

Technical | Analysis page 467 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

438 Part V Trend Confirmation depend on smoothing techniques that tend to dampen the most recent price action. The stochas- tic takes another tack. It looks at the most recent close price as a percentage of the price range (high to low) over a specified past “window” of time. This makes it very…