Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
An oscillator measuring where the close sits within the recent trading range, expressed as a percentage.
It asks a different question from RSI — where you finished, not how one-sided the moves were. In a trend it pins at an extreme for weeks, so it belongs in ranges only.
The condition in which several indicators appear to confirm one another while being different arrangements of the same underlying price data.
RSI, Stochastic, Williams %R, CCI and the MACD histogram all agreeing is one opinion reported five times. New information has to come from a different input — volume, breadth, relative strength.
An oscillator showing where the close sits within the recent trading range, scaled inversely.
Mathematically almost identical to Stochastic %K. If you already have one on the chart, the other adds nothing.