stochrsi strategy doesn't buy or sell
#11
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#12
The premise of stochastics is that when a stock trends upwards, its closing price tends to trade at the high end of the day's range or price action. Price action refers to the range of prices at which a stock trades throughout the daily session. For example, if a stock opened at $10, traded as low as $9.75 and as high as $10.75, then closed at $10.50 for the day, the price action or range would be between $9.75 (the low of the day) and $10.75 (the high of the day). Conversely, if the price has a downward movement, the closing price tends to trade at or near the low range of the day's trading session.
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