Calculation In this example, a very common 14 Period Stoch RSI is used. They introduced their indicator in their 1994 book The New Technical Trader. The Stochastic RSI (Stoch RSI) indicator was developed by Tushard Chande and Stanley Kroll. This indicator is primarily used for identifying overbought and oversold conditions.

The Stochastic RSI is an oscillator that calculates a value between 0 and 1 which is then plotted as a line. This means that it is a measure of RSI relative to its own high/low range over a user defined period of time. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. The Stochastic RSI indicator (Stoch RSI) is essentially an indicator of an indicator.