Stochastic RSI - MetaTrader 5 Script - MQL5 #16701 - MT4/MT5 Resources

Stochastic RSI is called (sometimes by some sellers and traders) a DTOSC (Dynamic Trend Oscillator). It is basically the stochastic indicator of the RSI.

This version actually counts 6 subtypes:

Depending on the parameters (Random1, Random2 and Smooth) it is:

x -> parameter is less than or equal to 1

n -> parameter is greater than 1

Overbought and oversold areas are marked for easier crossovers to aid decision-making. All six subtypes should be used following the rules that generally apply to Stochastic and Relative Strength (Stochastic is a "trend" indicator, while Relative Strength is a "momentum" indicator, this combination may avoid the basic rules, but you will not find it difficult to use the two together)

Attachment download

📎 stochastic_rsi.mq5 (6.97 KB)

Source: MQL5 #16701