Stochastic RSI Fast (3, 3, 14, 14)
The stochastic RSI is an oscillator of an oscillator. It measures where the current RSI reading is (on a % basis) relative to the range of the RSI over the past 14 days. It is more sensitive than the original RSI and provides great signals in a sideways market. Readings are in the 0-100 range with <20 indicating oversold and >80 overbought conditions. Stochastic RSI can be used to identify short-term trends by looking at centerline (0.50) crossovers. When the Stochastic RSI is above 0.50, the coin(pair) may be seen as trending higher and vice versa when it’s below 0.50.