hey all, i have been stoch. osc for a while. sometimes the stoch and RSI are at opposite ends. could this be because the candles be too small(HL diff being under 10 pips) and as stoch osc was developed on the premise that candles close higher(lower) up in a uptrend(downtrend)? is there any other indicator that you would suggest along with RSI?
can you attach a screen shot? I am getting a bit confused when you say “stoch and RSI are at opposite ends” …
a few good indicators that go well the RSI are MACD and ADX. check em out.
Stochastics and RSI are based on an average value on the last few candles (the number depends on the period) according to the RSI or Stochastic equation. You, by choosing the value of the period determine what value the stochastic or RSI produce depending on the current price. Its a very user discretionary formula.
