STOCHRSI

Stochastic Relative Strength Index

STOCHRSI is STOCH of RSI instead of PRICE.

It may happen that RSI does not reach its extreme values of 70/30 (or 80/20) but price trend changes direction. Traders relying on method of RSI reaching extreme values may never get chance to trade the security. STOCHRSI is designed to use RSI and yet has power to anticipate change in price trend even when RSI does not reach its extreme value.

INTERPRETATION:

Exactly same as STOCH.

Related Indicators: RSI, STOCH.

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