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The Stochastic RSI indicator (Stoch RSI) is essentially an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means that it is a measure of RSI relative to its own high/low range over a user defined period of time. The Stochastic RSI is an oscillator that calculates a value between 0 and 1 which is then plotted as a line. This indicator is primarily used for identifying overbought and oversold conditions.

The 8 effective steps to build a robust day trading plan using Fibonacci retracement

Use the intersection of two moving average lines to draw a vertical line

This script was developed in order to help us detect if a chart is actually trending or going nowhere.

ADR,AWR,AMR,Draws Average Range Lines