A stochastic study is an oscillator that measures the placement of the current price within a range. The program enables you to plot four stochastic-based studies: Larry Williams later developed the Williams %R study, which also discerns the relationship between a close and a corresponding range of prices.Stochastics Studies
Slow stochastics Williams %RStochastics is a method of analysis developed by George Lane (Investment Educators, Inc., Des Plaines, IL). Lane observed that as prices increase, closing prices tend to be closer to the upper end of bars; similarly, as prices decrease, closing prices are closer to the lower end of bars. Lane developed stochastics to discern the relationship between the closing price and the high and low of a bar.