The Stochastic RSI (StochRSI) is a momentum indicator derived from the RSI itself. It measures the level of RSI relative to its high-low range over a set period, giving more sensitivity to price movements.
How it works:
StochRSI values range between 0 and 1 (or 0–100%).
Levels above 0.8 are considered overbought; levels below 0.2 are considered oversold.
It is primarily used to detect short-term reversal points or trend momentum.
Using Stochastic RSI in Capitalise.ai:
Parameters available for StochRSI setup:
RSI Period: Number of bars used for the RSI calculation (typically 14).
Stoch Period (K): Number of RSI values used for %K calculation.
Signal Line (D): Moving average of %K values for smoothing.
Smooth: Fast (1) or Slow (3) smoothing.
Bar Period & Bar Price: Timeframe and price type for calculations.
Examples:
Buy 0.5 BTCUSDT if BTCUSDT StochRSI(14, 14, 3, Day, Close) crosses above 0.2
Sell 100 shares of TSLA if TSLA StochRSI(14, 14, 3, 1h, Close) crosses below the signal line