RSI vs stochastic indicator

[Ranjithkumar877]

What are the differences between RSI and stochastic indicator in intraday trading strategies?

[merryhenson]

RSi measures the speed and change of price movements on a scale of 0 to 100. Balues above 70 indicate overbought conditions, while values below 30 indicate oversold conditions.
And stochastic indicator compares a specific closing price to a range of prices over a period of time. It also ranges from 0 to 100, with values above 80 indicating overbought conditions and below 20 indicating oversold conditions.

[Ranjithkumar877]

Thanks for your reply

[merryhenson]

You are most welcome. Have a pleasant treading journey.

[ria_rose]

Hellooo! I just looked up this thread from way waaay back. And although it’s been a decade since the last post on this, you might wanna read through some of the things they’ve shared here.

RSI vs Stochastic

I`ve been demoing for quite a time now and [B]Stochastic[/B] indicator is basically my guardian angel.I guess it works 7 times out of 10 and false signal can be also evaded with trend analysis sometimes.I find it very useful in my strategy. So ive heard of the [B]RSI [/B]indicator before but could really not get it so i wanted to test it, and basically ive found that its almost the same except there is only 1 line and the levels are 30 and 70 instead of 20 and 80.I don’t know if that smoothens …

[chimmyfx]

Relative Strength Index (RSI)

Stochastic

[MartialChartsFX]

If you can’t choose between RSI and Stochastic, you can always use the Stochastic RSI which uses RSI data within the Stochastic calculation.

[Ranjithkumar877]

Sure thanks

[Ranjithkumar877]

Okay thanks

[Ranjithkumar877]

Thank you so much