The stochastic RSI has always been a problem tool for me because of its clunky look erratic lines and the way it seems l....r each other and sometimes it doesn't.
I've always felt like the stochastic RSI had these energy waves built into it that we weren't able to see because if there's an uptrend of the stochastic then there has to be an equal or greater...
If you can identify overbought or oversold conditions, as a trader, this can be highly profitable. In particular, these are two definitions that refer to the extreme values of the price in addition to their intrinsic value. So, when these conditions appear, a reversal of the direction of the price is highly expected.
What is Overbought?
When something is...
