Stochastic RSI was developed to increase sensitivity and reliability of the regular RSI indicator when it comes to trading off overbought/oversold RSI levels. The authors, Tushard Chande and Stanley Kroll, found that that often the regular RSI indicator would trade in between 20 and 80 levels for extended periods of times without ever reaching the oversold/overbought areas where many traders seek trading opportunities.
Let’s get you setup so you get the most out of our service
Brilliant - You've created a folio! Now let's add some stocks to it.
