I’m new here and was very confused regarding this system.
Actually I’ve downloaded the template and started using it yesterday.
For the stochs line (which is the lowest part of 3), I found 2 lines (green and red). What do they mean?
and also I’m not quite understand how to use it for confirmation.
I saw your post:
confirm with stochs overbought means its a good sell
oversold means its a good buy
price above 5 moving average is bullish (confirmation only)
price below 5 moving average is bearish(confirmation only)
But don’t quite understand how to determine whether it is overbought/oversold.
Please give me a clue