Indicator - Dynamic Zone Stochastic
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Definition Dynamic Zone Stochastic
The "Dynamic Zone Stochastic" is an oscillator from 0 to 100 that indicates zones where the security is "overbought" or "oversold".
Unlike the classical RSI, the zones where the security is "overbought" or "oversold" are dynamic rather than fixed.
Interpretation Dynamic Zone Stochastic
If the Stochastic is higher than the upper level, the value is "overbought" and a bearish signal is given.
On the other hand, if the Stochastic is lower than the lower level, the security is "oversold" and a bullish signal is given.
A bullish signal is generated when the Stochastic crosses over the lower level.
A bearish signal is generated when the Stochastic crosses under the upper level.
