StochRSI Indicator

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StochRSI Indicator
StochRSI is a classic forex trading indicator that offers the best trend trading signals in MT4. Anticipates precise buy/sell zones & trade exit positions

CATEGORIES: TREND, MT4, SIGNAL, OSCILLATOR
Updated on: 09.10.2023

The StochRSI represents a combination of Stochastic Oscillator and Relative Strength Index(RSI) that brings a new dimension to technical analysis.

Applying the RSI value over the Stochastic formula allows this indicator to determine trend directions and overbought/oversold conditions. Besides, the StochRSI is more reactive than the individual Stochastic and RSI indicators. As a result, it remains more volatile in live markets, offering real-time signals during precise market conditions.

The reason behind increasing the sensitivity of the indicator is to make it more suitable for short-term trading. Both Stochastics and RSI work on all timeframes, but they lag while anticipating scalping and day trading signals. But it shows completely different results after merging them as a single technical tool.

Stochastics is the main base of this MT4 indicator. The formula also remains almost the same. The developer has created a room to place the RSI value within the Stochastics formula. You’ll find the %K and %D lines at the indicator window like the original Stochastic Oscillator. These lines move within 0 and 100 levels to point the OB/OS market status.