Kairos™

StochRSI - Stochastic RSI

Stochastic RSI (StochRSI) is an indicator of an indicator.  It calculates the Relative Strength Indicator (RSI) relative to its range in order to increase the sensitivity of the standard RSI.  The values of the StochRSI are from zero to 100.

The Stochastic RSI can be interpreted several ways.  Overbought/oversold conditions are indicated when the StochRSI crosses above 20 / below 80.  A buy signal is generated when the StochRSI moves from oversold to above the midpoint (50).  A sell signal is generated when the StochRSI moves from overbought to below the midpoint.  Also look for divergence with the price to indicate the end of a trend.

StochRSI on the Daily Timeframe, with a Period of 14,FastKPeriod of 5, FastDPeriod of 3