11 January 2021
Glossary
Stoch Relative Strength index, StochRSI
Stoch Relative Strength index, StochRSI

Designed by Tushard Chand and Stanley Kroll, StochRSI is an oscillator that measures the RSI (Relative Strength Index) level relative to its range over a set period.

Designed by Tushard Chand and Stanley Kroll, StochRSI is an oscillator that measures the RSI (Relative Strength Index) level relative to its range over a set period. The indicator takes the RSI as a basis and applies the formula for Stochastics (Stochastic Oscillator) to it. The result is an oscillator that fluctuates between 0 and 1.
The RSI sometimes trades between 80 and 20 for extended periods without reaching overbought and oversold levels. Traders looking for opportunities to open a position based on overbought or oversold readings in the RSI can stay out of the game for a long time. To increase sensitivity and provide a method for identifying overbought and oversold levels in the RSI, Chand and Kroll developed StochRSI.
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