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StochRSI Indicator

Developed by Tuschar Chande and Stanley Kroll, StochRSI is an oscillator that measures the level of RSI relative to its range, over a set period of time.  The indicator uses RSI as the foundation and applies to it the formula behind Stochastics.  The result is an oscillator that fluctuates between 0 and 1.  This oscillator provides a bit more sensitivity to the standard RSI.

See Also

StochRSI Developer Help

Stochastic %K (Fast)

Stochastic %D (Slow)

Stochastic Oscillator