Theory:
In the August 2018 issue of STOCKS & COMMODITIES, Sylvain Vervoort dives into the world of technical analysis with his article, "The V-Trade, Part 6: Technical Analysis—Divergence Indicators." Here, he introduces a modified version of the stochastic RSI, a powerful tool originally developed by Tushar Chande and Stanley Kroll. This indicator takes the RSI value and applies a stochastic calculation to it, rather than just using the raw value. Vervoort's update adds an extra layer of smoothing, making it even more effective for traders.
Usage:
The SVE Stochastic RSI can be utilized just like any other stochastic RSI indicator, providing valuable insights into market trends and potential entry or exit points.
Comments 0