What is the stochastic RSI?

The Stochastic RSI, or StochRSI, is a technical analysis indicator created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values. Its primary function is to identify overbought and oversold conditions.

What is the difference between stochastic RSI and chande momentum oscillator?

The Stochastic RSI, or StochRSI, is a technical analysis indicator created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values. Its primary function is to identify overbought and oversold conditions. The Chande momentum oscillator is a technical momentum indicator invented by Tushar Chande.

What is RSI and how does it work?

RSI tracks overbought and oversold levels by measuring the velocity of price movements. More analysts use RSI over the stochastic oscillator, but both are well-known and reputable technical indicators. J. Welles Wilder Jr. developed relative strength index by comparing recent gains in a market to recent losses.

What is a stochastic oscillator and relative strength index?

Related Terms. A stochastic oscillator is a technical momentum indicator that compares a security's closing price to its price range over a given time period. The Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes to analyze overbought or oversold conditions.