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- 2020.12.03 14:12
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This script was developed in order to help us detect if a chart is actually trending or going nowhere.

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.

A simple but fully functional program that demonstrate how a martingale can work for you. Just change the entry analyis using your own scalping strategy and your personal money management style, then optimize.

Stock trading indicators. BIAS.