What is Stochastic indicator? Back to list

Member SinceJul 08, 2021

Posts 240

Wilburn

Nov 18, 2021 a 02:40
Stochastic RSI, or simply StochRSI, is a technical analysis indicator used to identify whether an asset is overbought or oversold, as well as to identify current market trends. The StochRSI is a derivative of the standard Relative Strength Index (RSI) and is therefore considered an indicator of an indicator. A type of oscillator, it fluctuates above and below a centre line.

When you learn how to use the stochastic indicator correctly, you can begin implementing it into your own trading strategies.

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