DIG Stochastic RSI

What is Stochastic RSI? The Stochatic RSI is a combination of two very popular indicators: Stochastic and Relative Strength Index (RSI). Basically Stochastic RSI is an indicator of and indicator as its name suggests. It is a great and very popular indicator that brings the best of two worlds together, and produces very high probability trading signals. How is Stochastic RSI better then simple RSI? The simple RSI show the relation of the current price to previous prices, while the Stochastic RSI show the relation between the current RSI value and its previous values. This is the key factor, Stochastic RSI provides us with much more signals, and is great for both small and large time frames. Futures @ES 60 Min Chart: Notice that during the period of 5 days, the RSI provides us with one amazing short trade, while the Stochastic RSI provides us with not one and not tow but four magnificent trades. How to Use the Stochastic RSI? Entry Signals : The Stochastic RSI is used to recognize OverS