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:
Relative strength index - period of the RSI indicator.
Period - period of searching for highs and lows of the RSI indicator.
Source - setting of the indicator calculation parameters:
Panel - selection of the indicator location in the chart:
- New panel
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:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
Customer support service by UserEcho