1. A model based on the belief that as prices increase (or decrease), closing prices tend to accumulate ever more closely to the highs (or lows) for a given period.
2. More generally, pertaining to a series of random processes.
Related information about stochastic:
- Stochastic - Wikipedia, the free encyclopedia
Stochastic is an adjective that refers to systems whose behavior is intrinsically non-deterministic, sporadic, and categorically not intermittent (i.e. random).
- Stochastic process - Wikipedia, the free encyclopedia
In probability theory, a stochastic process or sometimes random process (widely used) is a collection of random variables; this is often used to represent the ...
- Stochastic - Merriam-Webster Online
random; specifically : involving a random variable <a stochastic process>. 2. : involving chance or probability : probabilistic <a stochastic model of ...
- Stochastic -- from Wolfram MathWorld
Stochastic is synonymous with "random." The word is of Greek origin and means "pertaining to chance" (Parzen 1962, p. 7). It is used to indicate that a particular ...
- Stochastic Oscillator - ChartSchool - StockCharts.com
The Stochastic Oscillator measures the level of the close relative to the high-low range over a given period of time. Assume that the highest high equals 110, the ...
- Stochastic Oscillator Definition | Investopedia
A technical momentum indicator that compares a security's closing price to its price range over a given time period. The oscillator's sensitivity to market ...
- stochastic - definition of stochastic by the Free Online Dictionary ...
sto·chas·tic (st -k s t k). adj. 1. Of, relating to, or characterized by conjecture; conjectural. 2. Statistics. a. Involving or containing a random variable or variables : ...
- Stochastic | Define Stochastic at Dictionary.com
of or pertaining to a process involving a randomly determined sequence of observations each of which is considered as a sample of one element from a ...