RSI + Stoch/RSI

This is a combination of 2 of the most used indicators. RSI and stochastic / RSI

Ive coded them both to work together to save space on your chart and work as only ONE indicator.

I specifically only use the D line with my rsi , but you have the option to use the K and D line if you so choose.

RSI is good for momentum
Stochastic is good for short term momentum.

They work very well together and if you are a swing trader or scalper they can help immensely when looking for sniper entry areas after you've done you're initial pattern, level, fibonacci and wave analysis.

I like the way this works and have been using these two indicators for a while so I figured I would share.

Happy new year everyone, God bless!

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?