Stochastic RSI indicator download for MetaTrader 5 - Free | Forex indicator download - MT4/MT5 resource

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

The Stochastic RSI (StochRSI), MetaTrader 5 oscillator is created by combining the Stochastic indicator and the RSI . It captures the onset of trends and influential movements in price charts by identifying overbought and oversold points.

This oscillator works by combining the above indicators to identify overbought areas (values ​​above 80) and oversold areas (values ​​below 20) and signals the start of a new trend when the oscillator curve crosses (blue line and red dashed line) .

Indicator Table

In the image below, the price chart Global Silver with the symbol XAGUSD is shown on the 30-minute time frame. On the left side of the image, the indicator has reached the oversold zone and the two lines (K%) and (D%) cross upward. In this case, a bullish trend signal and buying opportunity are issued.

On the right side of the image, the price has reached the overbought zone and the two lines (K%) and (D%) cross downwards. In this case, a bearish trend signal and selling opportunity are issued.

Overview

Many traders need to improve their entry points in their confirmation trading strategy. Oscillators such as the Stochastic and RSI can be used with other analytical tools to identify the main trend direction and, through this oscillator, trigger trade entries.

Uptrend signal conditions of the indicator (buy position)

Downtrend signal conditions of the indicator (for sell positions)

In the image below, the price chart EURAUD paired with the symbol EURAUD is shown on a 30-minute time frame.

The indicator has reached the overbought zone and the two oscillator lines (K%) and (D%) cross downwards. A bearish signal is issued in this situation and short positions can be pursued.

StochRSI indicator settings

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

Conclusion

Using the StochRSI oscillator can give traders a good idea of ​​future trends . Furthermore, using it with other analytical tools such as MT5 support and resistance indicators , price channels and regression , Fibonacci tools, etc. can be very beneficial and provide the best entry points for trading.