Stochastic oscillators are a popular and powerful tool used by forex traders. This indicator measures the momentum of the market by comparing an asset?s closing price to its price range over a certain period of time. The result is a number between 0 and 100. If the number is over 80, then the asset is considered to be overbought, and if it?s below 20, then the asset is considered to be oversold. Traders can use stochastic oscillators to identify potential entry and exit points, as well as to determine when a trend may be reversing. Stochastic oscillators can also be used to confirm price movements and help traders identify divergences. Understanding and properly using stochastic oscillators can help traders make more informed and profitable decisions in the forex market.