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Slow Stochastic

Definition
An indicator used by stock traders to help them track changes in the momentum of an individual stock or of the market as a whole. This is helpful in identifying both the high and low points in a stock or in the market during specific time frames. The formula for calculating the slow stochastic is: 100 X ( (Recent Close - Lowest Low (n)) / (Highest High (n) - Lowest Low (n)) )

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