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Stoch RSI

The stochastic formula applied to RSI instead of price.

It shows where the RSI sits inside its own recent range. It moves between 0 and 100 far more often than RSI itself.

In TradeXtool

Entry: Stoch RSI(14) crosses above 20.

Watch out

An indicator of an indicator: very sensitive, many signals, most of them noise.

No indicator predicts the market on its own. Build the rule, then test it on years of history with fees included. Try TradeXtool free for 14 days.