Stochastic is a technical analysis indicator of the oscillator class. It shows the intensity of price deviation from a range of values for a certain period of time in the past.
Oscillators are usually combined with trend indicators. However, proper configuration of the instruments can significantly increase the accuracy of signals for a combination of two oscillators. In this article, we will look at a simple strategy for Binomo based on the Awesome Oscillator and the Relative Strength Index.