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The relative strength index (RSI) is a technical indicator used in the analysis of financial markets.It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period.

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The Relative Strength Index (RSI) is an oscillator that rates the strength of a security on a scale from 0 to 100, comparing magnitudes of its recent gains and losses. By default, the Wilder's moving average is used in the calculation of RSI, however, you are free to select a different type of average in the input parameters.

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The Stochastic RSI indicator (Stoch RSI) is essentially an indicator of an indicator. It is used in technical analysis to provide a stochastic calculation to the RSI indicator. This means that it is a measure of RSI relative to its own high/low range over a user defined period of time.

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TRADEdge Coding offers a variety of custom Thinkorswim indicators & scanners, including Supply & Demand Zones, Divergence Indicators, MTF Indicators, Fibonacci Levels, Squeeze Indicator & more. Cumulative RSI-2 Trading Strategy - Short Term Trading Strategies That Work Adrian Manz Mean Reversion Gap Strategy for ThinkOrSwim - includes Strategy Script, Scanner, Watchlist Columns, and Indicator!

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