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The stochastic oscillator provides information about the location of a current close in relation to the period's high and low. It ranges between 0% and 100%. A reading of 0% indicates that the close was the lowest price at which the security traded during the preceding x number of time periods. A reading of 100% indicates that the close was the highest price at which the security traded during the preceding x number of time periods. The RSI version of this indicator in essence applies the stochastic calculation to the Relative Strength Indicator (RSI).
To apply a Stochastic RSI
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