Given the hundreds of indicators that are available to traders, finding the appropriate technical tools to use in day trading can be a difficult task. The good news is that the majority of indicators can be used in day trading simply by adjusting the number of time periods used in creating the indicator. Most traders are accustomed to seeing each indicator use each daily close as one period in the calculation, but they quickly forget that the interpretation remains the same whether the data used in one period is equal to a day, a minute, a week, a month or a quarter.
One indicator chosen by many traders is the fast or slow stochastic oscillator. (To learn more, see What is the difference between fast and slow stochastics?.) The slow stochastic is one of the most popular indicators used by day traders because it reduces the chance of entering a position based on a false signal. In general, a slow stochastic measures the relative position of the latest closing price to the high and low over the past 14 periods. When using this indicator, the main assumption is that the price of an asset will trade near the top of the range in an uptrend and near the bottom in a downtrend. This indicator is very effective when used by day traders, but one problem that may arise is that some charting services might not include it as an option on their charts. If this is the case for you, you may want to consider reevaluating which charting service you use.
For more information on the stochastic indicator, see Getting To Know Oscillators  Part 3.

What is the difference between fast and slow stochastics in technical analysis?
The main difference between fast and slow stochastics is summed up in one word: sensitivity. The fast stochastic is more ... Read Answer >> 
What are the best technical indicators to complement the Stochastic Oscillator?
Explore the function of the stochastic oscillator indicator, and discover other technical indicators traders use to complement ... Read Answer >> 
How do I read and interpret an Stochastic Oscillator?
Understand the basics of the stochastic oscillator and how analysts and traders use this measure of trend momentum to predicts ... Read Answer >> 
How does a swing trader use the stochastic oscillator?
Learn how the stochastic oscillator is used as a momentum indicator in swing trading, and understand how the oscillator is ... Read Answer >> 
How can a business eliminate deadweight loss from government regulation?
Understand the basics of the stochastic oscillator and how to use this momentum metric in tandem with other indicators to ... Read Answer >> 
How do I use Stochastic Oscillator to create a forex trading strategy?
Learn about the stochastic oscillator and how to it is used to create an effective forex trade strategy, including how to ... Read Answer >>

Insurance
Exploring Oscillators and Indicators: Stochastic Oscillator
By Chad Langager and Casey Murphy, senior analyst of ChartAdvisor.com The stochastic oscillator is another wellknown momentum indicator used in technical analysis. The idea behind this indicator ... 
Trading Strategies
Know the Forces At Play Behind The Buy/Sell Cycles
Weekly Stochastics uncovers patterns of buying and selling pressure that can be predicted and capitalized upon by observant investors and traders. 
Trading Strategies
Do You Have The Right Settings On Your Stochastic?
Use these helpful tips to unlock Stochastics' full potential. 
Forex Education
Stochastic Oscillator
The idea behind this indicator is that the closing prices should predominantly close in the same direction as the prevailing trend. 
Forex Education
Combined Forces Power Forex Snap Strategy
Stochastic and MACD oscillators can help isolate greater opportunities in rangebound markets. 
Technical Indicators
How to Use Trading Indicators Effectively
Careful and effective use of technical indicators can improve your odds of finding an investmentâ€™s best entry and exit points. 
Active Trading
Using Trading Indicators Effectively
Select multiple indicators, avoid information overload and optimize indicators to effectively use technical analysis tools. 
Insurance
Exploring Oscillators and Indicators: Conclusion
By Chad Langager and Casey Murphy, senior analyst of ChartAdvisor.com The goal of every shortterm trader is to determine the direction of a given asset's momentum and to attempt to profit from ... 
Charts & Patterns
MACD And Stochastic: A DoubleCross Strategy
The stochastic oscillator and the moving average convergence divergence (MACD) are two indicators that work well together. 
Trading Strategies
How To Best Analyze Relative Strength
Relative strength indicators measure performance between similar instruments, uncovering opportunities that can translate into reliable profits.

Stochastic Oscillator
A technical momentum indicator that compares a security's closing ... 
Technical Indicator
Any class of metrics whose value is derived from generic price ... 
Indicator
Indicators are statistics used to measure current conditions ... 
StochRSI
An indicator used in technical analysis that ranges between zero ... 
Confirmation
The use of an additional indicator or indicators to substantiate ... 
Demarker Indicator
An indicator used in technical analysis that compares the most ...