Stoch_RSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

StochRSI (Stochastic Relative Strength Index) was developed by Tushar Chande and Stanley Kroll in 1994. The developers aimed to increase the sensitivity of the RSI (relative strength index), the disadvantage of which is the fluctuation between the border lines and the absence of signals for opening positions.

The indicator has seven configurable parameters:

 K = SMA(SKI, Stoke Slowing K)
D = SMA(K, Stoke Slowing D)
RSI = RSI (RSI period, applied price)
Max, Min - the highest and lowest value of RSI within the Stoch period
 Attachment download
 📎 stoch_rsi.mq5 (11.72 KB)
 Source: MQL5 #21111
Stoch_RSI - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
 Stoch_RSI - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
 Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.