stoc_rsi

Function Name: stoc_rsi

Tags: None

Category: Momentum

The Stochastic RSI indicator calculates the level of RSI over a given period of time, and it varies between 0 and 1.

There are two conditions that you look for when interpreting the Stochastic - RSI indicator: When the Stochastic - RSI indicator advances from below to above 0.20 a buy signal is generated. A sell signal is generated when the indicator crosses from above to below 0.80.

To confirm signals and reduce whipsaws a centerline (0.50) was introduced. The sell signal is generated when the indicator crosses the centerline from below. Conversely, when the indicator crosses the centerline from above, a sell signal is generated.

 

Author:   Tushar Chande, Stanley Kroll

Link:       http://www.investopedia.com/terms/s/stochrsi.asp

 

period
	Default Value: 14  |  Minimum: 2  |  Maximum: 9999
	Type: Numeric