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    Stochastic RSI
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      Stochastic RSI

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        Article summary

        Stochastic Relative Strength Index, Stochastic RSI or StochRSI is a momentum oscillator that applies the stochastic formula to Relative Strength Index (RSI) values instead of price. It enhances sensitivity to short-term moves and ranges from 0 to 1, with values above 0.8 typically marking overbought conditions and below 0.2 marking oversold levels. Often used to anticipate momentum shifts, reversals, and divergences, it appears in a separate panel with two lines: %K (main value) and %D (smoothed signal). This value is calculated by positioning the RSI within its range over a user-defined period, typically 14.

          

        where:
        Lowest RSI – the lowest RSI over the selected period
        Max RSI – the highest RSI over the selected period

        Candlestick chart with volume bars and Stochastic RSI indicator in the lower panel. The indicator is shown as an orange line oscillating two horizontal thresholds at 20 and 80, highlighting overbought and oversold conditions during recent price swings.Stochastic RSI

        INPUTS

        InputDescription
        RSI LengthThe number of bars used to calculate RSI
        Stochastic Length
        		The number of RSI values used to calculate StochRSI
        %K
        		The smoothing factor for the %K line
        %D
        		The smoothing factor for the %D signal line
        OverboughtThe upper reference level for overbought conditions
        OversoldThe lower reference level for oversold conditions
        Source
        		Price input used to calculate RSI
        Price
        The following data sources are available for the price:
        • Open. The Open Price of every bar for the specified period.
        • High. The High Price of every bar for the specified period. 
        • Low. The Low Price of every bar for the specified period.
        • Close. The Close Price of every bar for the specified period. 
        • Median. The Median Price of every bar for the specified period - (High + Low) / 2.
        • Typical. The sum of High, Low, and Close prices divided by 3 for the specified period- (High + Low + Close) / 3.
        • OHLC average. The arithmetical mean of High, Low, Open, and Close prices for the specified period - (Open + High + Low + Close) / 4.
        • Volume. The Close Price of every bar + average volume of an asset for the specified period.

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        PlotDescription
        %KThe main line showing the StochRSI value
        %D
        		The smoothed signal line based on %K
        OverboughtThe overbought level
        OversoldThe oversold level
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
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