Stochastics - traditional general approach to filter the market noise

The Stochastic Oscillator with settings 55-8-8 is used to filter out market noise compared to the standard setting. Besides, when the oscillator rises above 80 so it indicates an overbought market condition, and below 20 is indicating the oversold condition. This 55-8-8 setting is better to be used for trend-following strategies as well as the trade during the market reversal situation for example.