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Indicators

Stoch RSI MT5 - indicator for MetaTrader 5

Hossein Nouri
Views:
33738
Rating:
(35)
Published:
2020.11.27 19:08
Stoch RSI.mq5 (7.43 KB) view
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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.


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