Stochastics - traditional general approach to identify the long-term reversals

Stochastic with 100-8-8 settings is "slow" version of it, and it is used to identify the possible reversals in long-term situation and/or in higher timeframes for example. And because of that - the indicator with the parameters are used to estimate the possible overbought/oversold market condition in the long-term to confirm, and it should be used with the other indicators for trading for example.