Combining RSI & Stochastics
The Stochastic RSI combines two prevalent technical analysis indicators, Stochastics and the Relative Strength Index (RSI). Stochastics and RSI are based on price, and Stochastic RSI derives its values from the Relative Strength Index (RSI). In short, it is the Stochastic indicator applied to the RSI indicator.
This webinar will acquaint you with a useful and reliable trading system based on the combination of a slow Simple Moving Average, Full Stochastic Oscillator, and Relative Strength Index.
It uses tight stop-loss protection while ensuring high potential profits by producing accurate entry signals. It is best practiced daily to limit the effects of whipsaws and can be used with any currency cross.
While the relative strength index was designed to measure the speed of price movements, the stochastic oscillator formula works best when the market is trading inconsistent ranges. Generally speaking, RSI is more helpful in trending markets, and stochastics are more useful in sideways or choppy markets.
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