Category: Momentum · Complexity: ★★☆☆☆ (2/5)
Tags: momentum, live-overlay, price
Live chart overlay: STOCHRSI
Formula
StochRSI = (RSI − RSI_low) / (RSI_high − RSI_low) over n
How to read
A stochastic of RSI — very sensitive timing of RSI stretch. Extremes and crosses are the reads.
Limitations
Over-sensitive. Easy to over-trade.
Typical settings
RSI 14, Stoch 14, 3, 3
Stochastic RSI is part of the ClearPath Encyclopedia of Indicators — 190 models explained with standard SVG illustrations, so you can study an indicator before you put it on a live chart.