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What is the Stochastic RSI?

The Stochastic RSI technical indicator is a hybrid of two indicators: Stochastics and the Relative Strength Index (RSI). The StochRSI takes the best of each, so it allows for more accurate identification of periods when the asset analyzed is overbought or oversold.

The overbought level begins at the 0.8 (80%) mark, the oversold, at 0.2 (20%).