Stochastic RSI (STOCH-RSI)
The Stochastic RSI (StochRSI) is a technical indicator that measures the momentum of the Relative Strength Index (RSI), rather than price itself. It is created by applying the Stochastic Oscillator formula to a set of RSI values. The result is a more sensitive oscillator that fluctuates between 0 and 100, designed to identify short-term overbought and oversold conditions with greater frequency than the standard RSI. This increased sensitivity allows traders to pinpoint potential entry and exit points within a broader trend identified by the RSI.
STOCH_RSI
=STOCH_RSI(data, period, smoothing) Example Usage
=STOCH_RSI(A2:F500, 14, 3)
Parameters
| Parameter | Type | Description | Status |
|---|---|---|---|
data | Range | Range of columns containing the date, Open, high, Low, close, volume data. | Required |
period | Number | The number of periods (days) used to calculate the RSI. | Required |
smoothing | Number | The number of periods used to smooth the %K values into the %D signal line. | Required |
Returns
A three-column array of dates and their corresponding %K and %D values.