Easy StochRSI (14, 5, 3) - Technical Oscillator
Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold - a measure that becomes specifically useful when the RSI value is confined between its signal levels of 20 and 80.
The StochRSI is deemed to be oversold when the value drops below 20, meaning the RSI value is trading at the lower end of its predefined range, and that the short-term direction of underlying security may be nearing a correction. Conversely, a reading above 80 suggests the RSI may be reaching extreme levels and could be used to signal a pullback in the underlying security. The StochRSI reaches these levels much more frequently than RSI, resulting in an oscillator that offers more trading opportunities. Unlike RSI, StochRSI frequently reaches the extreme 0 and 100 levels.
Easy StochRSI provides a comprehensive dashboard that allows you to view the StochRSI value of multiple instruments across 6 timeframes (M5, M15, M30, H1, H4, D1) at one glance. This provides you with an understanding of the current trend of the forex market on the go.
Key Features
☆ Timely display of StochRSI values of up to 37 currency pairs across 5 timeframes,
☆ Allows configuration of overbought and oversold condition that best suit your personal trading strategy,
☆ Timely push notification alert when uptrend or downtrend condition is hit
☆ Display headline news of your favourite currency pair(s)
Easy Indicators relies on your support to fund its development and server costs. If you like our apps and wish to support us, kindly consider subscribing to Easy StochRSI Premium. This subscription removes all advertisements within the app, receive push alert based on your preferred overbought/oversold values and supports our development of future enhancements.
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Disclaimer/Disclosure
Forex trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade forex, you should carefully consider your investment objectives, level of experience, and risk appetite. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Trading involves substantial risk of loss and is not suitable for all investors.
EasyIndicators has taken great measures to ensure the accuracy and timeliness of the information in the application, however, does not guarantee its accuracy and timeliness, and will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information, inability to access the information, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this application.
The Application Provider (EasyIndicators) reserves the rights to stop the service without any advance notification.
Category : Finance
Reviews (11)
The app is always frozen never showing what the current numbers are. It always says to check back later. No matter how many times you refresh, of download again and again, it shows the same thing.
This would be great if the notification mesage include timeframe-Example EURUSD overbought M15. And it should display when candle already close
foolish 2 expect grading by non user. With giving fecility at least free for 30 days.
Paid only
Please make time zone option and real time current price this will give the smooth thanks team for make this app.
where to see Indian index(NIFTY)
Don't understand this concept
Everything is ok!
I am using this in my demo account. Once I gain trust I will use in account. My understanding is that when the value of specific instrument shows on / above 80, the chances for fall in price is high. Kindly correct if I am wrong.
I think alerts ive received for m5 tf is quite a delay.. whenever stoch is supposed at area 20/80 but the alerts came whe the stoch oredy make 5 candle moves means aroud 30minutes delay.. correct me if im wrong?
I used the app successfully for months, until the numbers froze and kept showing the same numbers without changing. I reinstalled the app several times, but nothing changed. I was a paid subscriber, so unfortunately I had to cancel. It was good while it lasted though.