Stochastic RSI

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.