$TROY #troyarmy RSI vs. StochRSI: Quick Guide for Investors
RSI (Relative Strength Index): Measures price momentum on a scale of 0-100.
Above 70 = Overbought (potential sell signal).
Below 30 = Oversold (potential buy signal).
Best for identifying long-term trend strength.
StochRSI (Stochastic RSI): Tracks RSI’s position within its range (0-1).
Above 0.8 = Overbought.
Below 0.2 = Oversold.
Ideal for pinpointing short-term opportunities in volatile markets.
Pro Tip: Combine both indicators! Use RSI for trends and StochRSI for fine-tuned entries and exits. Always pair them with other tools to avoid false signals.