ForexResearchLabs

Stochastics and RSI Hybrid

This is an interesting study. We know bollinger bands can be a useful tool for price action, but what if we applied them to other indicators?

The top chart is the Stochastics and bottom chart represents RSI . We can see a relationship between the two indicators, where the signal line bounces of the bollinger bands .

The strategy is simple, when the signal lines bounce of their bollinger bands together, review price action and then take the trade. If you see one indicator going in the opposite direction to the other, or opposite to price action, then you may be observing divergence in which case a big move is about to happen.

If you wish to have this indicator further customised, please do not hesitate to contact me.
Remove from Favorite Scripts Add to Favorite Scripts

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out