Stochastic RSI

What is StochRSI?

Applies Stochastic formula to RSI values, more sensitive than RSI alone, oscillates 0-1.

Zones

• > 0.8: Overbought zone
• 0.2-0.8: Neutral zone
• < 0.2: Oversold zone

Components

• %K line: Fast StochRSI line
• %D line: Slow signal line

Trading Signals

• Buy: %K crosses above %D below 0.2
• Sell: %K crosses below %D above 0.8
• More sensitive than RSI, faster signals

Price Overlay

• Enter Closer-Look mode to see close price overlay
• Toggle: Show/hide close price line (right axis)
• Price new high + StochRSI lower high = bearish divergence
• Price new low + StochRSI higher low = bullish divergence