Stochastic RSI

Modified on Mon, 08 May 2023 at 07:14 PM

Stochastic RSI – it is a technical analysis indicator, which is used for identifying overselling and overbuying areas. It is calculated with the help of maximum and minimum values of the RSI indicator for a selected period of time. Stochastic RSI - is an oscillator, which calculates a value within the range from 0 to 1, which is shown in the chart as a line.

How the indicator looks like in the chart:

The indicator has the following parameters:

Settings

Relative strength index - period of the RSI indicator.

Period - period of searching for highs and lows of the RSI indicator.

Common

Source - setting of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume

Drawing

Panel - selection of the indicator location in the chart:

  • New panel
  • Chart

Visualization.

Show value - showing the indicator values to the left on the price scale.

Scale - if this option is ON, the scale will be calculated automatically based on the minimum and maximum indicator values, so that the indicator would be accommodated in the chart.

Color - the color setting of the indicator.

Visual type - visual setting of the indicator display in the chart:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting of the line display style:

  • Solid
  • Dash
  • Dot
  • Dash - dot
  • Dash - dot - dot

Width - setting of the indicator line width.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article