StochRSI
StochRSI, short for Stochastic Relative Strength Index, is a momentum oscillator that measures the level of RSI relative to its range over a certain period of time. It combines elements of both the Stochastic Oscillator and the Relative Strength Index (RSI). StochRSI oscillates between 0 and 100, and like other momentum oscillators, it is used to identify overbought and oversold conditions in the market. Traders often use it to confirm trends, spot divergences, and generate buy or sell signals.