[Lagging indicator] Stochastic RSI Indicator

[NightWish]

Stochastic RS

• It's similar to standard RSI as it gives overbought and oversold signals.
• K(blue) crossing the D%(orange) when oversold: possible buy signal.
• K(blue) crossing the D%(orange) when overbought: possible sell signal.

Stochastic RSI is good if you speed up your trading strategy from standard or do scalping, as it moves quicker from overbought to oversold and vice versa.

How to install this Indicator?

• Search for ‘RSI + Stoch RSI TOGETHER’ in TradingView website or app. (Its link: https://www.tradingview.com/script/N2UAkiLq-RSI-Stoch-RSI-TOGETHER/)

How to use this Indicator? (Never use this indicator alone, always look for more confluences!)

 

[CryptoDor]

In a sideways market RSI might help you a bit, but it has some disadvantages in trending markets.

In general RSI is the so called "lagging indicator" and I do not suggest using it. Almost always you're behind the move, especially on lower timeframes.