Not Financial advice. For my personal education only.
This shows how someone could use the stock RSI to trade, The idea is to make a trade when the Stoch RSI moving average lines cross each other.
But as with all indicators this isn't a fool proof strategy, as high lighted in the green circles that when the market moves sideways you can potentially lose money.
Also if you only traded the crosses when the market goes past the over bought or over sold lines you could still be caught out as the point of the all time high the Stoch RSI is saying that the market is over sold and giving the signal to buy.
In my personal opinion this is a very good indicator but should not be used on its own.
This shows how someone could use the stock RSI to trade, The idea is to make a trade when the Stoch RSI moving average lines cross each other.
But as with all indicators this isn't a fool proof strategy, as high lighted in the green circles that when the market moves sideways you can potentially lose money.
Also if you only traded the crosses when the market goes past the over bought or over sold lines you could still be caught out as the point of the all time high the Stoch RSI is saying that the market is over sold and giving the signal to buy.
In my personal opinion this is a very good indicator but should not be used on its own.
