The Stochastic oscillator uses a scale to measure the degree of change between prices from one closing period to predict the continuation of the current direction trend. The 2 lines are similar to the MACD lines in the sense that one line is faster than the other.
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Having evolved from the concept of trading bands, Bollinger Bands can be used to measure the highness or lowness of the price relative to previous trades. Moving Average Convergence Divergence ( MACD) is defined as a trend- following momentum indicator that shows the relationship between two moving averages of a security' s price.