Replies to post #17391 on Simple's Green Room

[simplegreen]

git..and Greenback..in using the StoRSI(62) set a horizontal line at the 1.00 mark..the zero mark and at the .50 mark...max is a 1 at top and can hover there a while if bullish enough...then on retrace it might find support at the .50 ...if bearish move takes it to zero then a rise off zero mark might stall at the .50.
When using it you will see it hit a 1 value and price can keep rising...if it hits a zero...then price can keep falling.It is a measure of price action over 62 periods.The StoRSI is the heart of the 3DSto I designed...it uses a 10,20 and 30 overlayed and is a really good indicator.