stochastic is the GRANDFATHER of all indicators,most analysts,if you ask about its use,,will suggest that it will generate false signals on too many occsions for our comfort,,most will suggest you that you should use,rsi or macd or some MAs, in combination to stochastics,,even in very very good books and on net,you will find these sort of advice,,and at one glance if you look at buy---sell signals generated by stochastics ,,any novice will get confused and leave it alone...but my 10 years experience with it sugeests me that,in any markets stochastics is THE BEST of all indicators EVER INVENTED...NOT ONLY THAT BUT THERE IS NO NEED TO EVEN SEE ANY OF OTHER INDICATORS,,,FOR FINDING TURNING POINTS,on any time frame charts,,yes...after you find a turning point as per stochastic,,you can IF YOU WANT ,,HAVE A GLANCE at either rsi or kst for just confirmation...please visit my blogg....
http://bhoom2tika.blogspot.com/...see my analysis ..i have not mentioned stochastis much in those articles...but i can tell you for sure that my techniques of using stochastics is one of major reasons to identify tops and bottoms with such accuracy......two important things for anyone who wants to use stochastics..1}its a very very sensitive indicator so by nature it will suit you ONLY if you are also sensitive 2}if you learn the art of using stochastics you will have the power and daring to give a call on any market turning points...by any i mean even on one minute charts you will be able to pick tops and bottoms with 90% accuracy........hope you try to learn this art....REMEMBER ...ITS THE BEST....MY BLOG TITLE IS "mastering stochcharts"..BJNAIK...9925673239