Securities trader George Lane popularized the stochastics indicator in the 1950s.It's a deceptively simple formula that compares the current price bar to a preset selection of highs and lows.Perhaps due to its simplicity,many 21st century technicians fail to comprehend its immense power in predicting cyclical turns on indexes and individual instruments.That makes it a nearly ideal tool for deconstructing hidden forces that move modern markets.As always,tackling analysis from several directions produces more reliable outcomes,and stochastics works best when combined with price patterns
