This works on other longer time frames as well, such as 4H, 1D, 1W. It makes sense if you look at stochastic as a momentum indicator, high stochastic is buying pressure, then a dip and recovery means renewed buying pressure. Lack of buying pressure and stochastic falls deep to selling pressure. Smaller time frames get too choppy to show momentum well. Thanks for showing this and making me remember stochastic is buying/selling pressure.

This setting on stochastic for the monthly chart could really be useful to know when the Bear is here and when it's time to be Bullish again. I can see it helping to keep the core on the sidelines or heavily hedged or some combo thereof.  Very helpful!

Great Chart, Very Helpful.  The 8ema crossing the 20ema has not worked out too well for the markets.  Long tails on the bottom of the monthly candles are helpful at marking bottoms.