How to Use the Stochastic Oscillator on Robinhood
Introduction
Robinhood is a popular trading platform among beginners due to its simple design and commission-free trading. But many users ask: Can I use the stochastic oscillator on Robinhood? While Robinhood currently has limited charting features, there are still ways to integrate the stochastic oscillator into your trading plan. This article explains how to work with or around these limitations.
Does Robinhood Offer the Stochastic Oscillator?
As of now, Robinhood’s in-app charting features do not include advanced technical indicators like the stochastic oscillator. The default charts offer only:
- Basic candlestick or line views
- Volume
- Moving Averages (limited options)
This means you cannot add or customize the stochastic oscillator directly within Robinhood.
Workarounds for Using the Stochastic Oscillator
✅ Option 1: Use Free Charting Platforms Alongside Robinhood
To apply stochastic analysis:
- Open a free charting tool like TradingView or Finviz.
- Analyze your desired stock using the stochastic oscillator.
- Switch to Robinhood to place trades based on the external analysis.
TradingView is highly recommended due to:
- Real-time data (delayed for free users)
- Fully customizable stochastic settings
- Alerts and multi-timeframe analysis
✅ Option 2: Use ThinkorSwim or Webull for Charting
Even if you don’t trade with them, you can sign up for a free ThinkorSwim or Webull account to use their charting tools.
✅ Option 3: Use PDF Printouts or Templates
For those who follow specific stochastic strategies, consider using pre-analyzed setups or strategy PDFs (like the one provided on this website).
Steps to Implement the Strategy with Robinhood
- Analyze a stock on TradingView using stochastic (e.g., 14,3,3 or 5,3,3).
- Identify trade signals:
- %K crosses above %D below 20 = potential buy
- %K crosses below %D above 80 = potential sell
- Place trades on Robinhood manually using your research.
- Set price alerts on Robinhood or via external apps to track entry/exit levels.
Limitations to Be Aware Of
- No direct stochastic oscillator access within Robinhood
- No custom indicator support
- Limited charting timeframes
- Not suitable for advanced technical strategies
However, Robinhood is still usable if you’re comfortable combining platforms and executing trades manually.
Conclusion
While you can’t use the stochastic oscillator on Robinhood directly, you can still benefit from it by analyzing trades externally using platforms like TradingView or ThinkorSwim. With a simple process and some discipline, you can integrate powerful momentum signals into your Robinhood trading workflow.
FAQs
Q1. Does Robinhood support technical indicators like stochastic?
No, it currently offers limited indicators without custom inputs.
Q2. Can I use TradingView with Robinhood?
Yes, use TradingView for analysis and Robinhood for execution.
Q3. Are there apps that combine both trading and charting?
Yes, Webull and ThinkorSwim offer both in one platform.
Q4. Is it safe to base Robinhood trades on external charts?
Yes, many traders do this. Just ensure you double-check the asset and timing.
Q5. Will Robinhood add more indicators in the future?
Possibly. Robinhood has been slowly improving its charting features.
