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