MetaTrader4 Stochastic RSI indicator download - free | Forex indicator download - MT4/MT5 resources

On June 25, 2025, in version 2, the indicator added alert/notification functionality

The Stochastic RSI (StochRSI) indicator is one of the MetaTrader 4 indicators that combines two popular indicators: the Relative Strength Index (RSI) and the Stochastic Oscillator .

This indicator is designed to identify overbought and oversold points with greater sensitivity than the regular RSI. This StochRSI indicator consists of a blue line representing RSI and a red dotted line representing RSI. The %D stochastic indicator line is composed of.

Values ​​below 20 are considered oversold, and values ​​above 80 are considered overbought. Whenever the indicator curve reaches the overbought or oversold zone, the two curves cross.

Indicator Table

In the image below, the price chart of Texas Crude Oil with the symbol WTI is shown on a 5-minute time frame. On the left side of the image, the MT4 signals and forecast indicators have reached the overbought zone and the two lines (K%) and (D%) cross downwards.

Under these conditions, a downtrend signal and sales opportunity are issued. On the right side of the image, the price has reached the oversold zone and the two lines (K%) and (D%) cross upward. In this case, an uptrend signal and buying opportunity are issued.

Overview

The Stochastic RSI (StochRSI) indicator is one of the tools of Technical Analysis used to identify trends and price reversals in financial markets.

This indicator helps traders identify points where prices are overbought or oversold. The indicator can be used in conjunction with other tools and analysis methods, such as static as well as dynamic support and resistance levels, to increase its effectiveness.

Uptrend signal conditions of the indicator (buy position)

In the image below, the price chart GBP to CAD with the symbol GBPCAD is shown on a 1 hour time frame.

The indicator has reached the oversold zone and the two lines (K%) and (D%) cross upward. Under these conditions, an uptrend signal is issued and buying opportunities can be found.

Downtrend signal conditions of the indicator (for sell positions)

In the image below, the price chart Gold to USD with the symbol XAUUSD is shown on a 30-minute time frame.

The indicator has reached the overbought zone and the two lines (K%) and (D%) cross downwards. Under these conditions, a downtrend signal is issued and sales opportunities can be found.

StochRSI indicator settings

• K: The main line of the stochastic indicator is equal to 3.
• D: The moving average of the stochastic indicator is equal to 3.
• RSI Period: The RSI indicator period is equal to 14.
• Stochastic Period: Stochastic period is equal to 14.
• RSI Applied Price: The calculation standard of the RSI indicator is based on Close Price .

To install, use and change the settings of this indicator in MetaTrader 4, the Trade Finder indicator installation article will provide you with a comprehensive guide.

Conclusion

The Stochastic RSI indicator generates more signals than the regular RSI, helping to identify price changes faster.

By combining the Stochastic RSI with other technical analysis tools, such as Moving Averages , you can improve the accuracy of your signals, as the indicator's high sensitivity can lead to more false signals compared to the regular RSI.