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:

Image 27001

The indicator has the following parameters:

Image 27002

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.

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