Hi guys I just wanted to find out, If the Stochastic indicator shows on majority of timeframes that it is overbought, is that a good sell signal? I mean is there a higher chance? Which timeframe is more important ?
no
it can notoriously remain “overbought” (or indeed “oversold”) for longer than your funds can last
“overbought” and “oversold” are horribly misleading terms
it will help you a lot to remove them from your vocabulary and conceptualizations about the forex markets