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You liked the script? Try it in the MetaTrader 5 terminal
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- 2020.11.21 15:30
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Hassane Zibara
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Visual multi-timeframe trend indicator.
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The Stochastic RSI indicator (Stoch RSI) is essentially an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means that it is a measure of RSI relative to its own high/low range over a user defined period of time. The Stochastic RSI is an oscillator that calculates a value between 0 and 1 which is then plotted as a line. This indicator is primarily used for identifying overbought and oversold conditions.