RSI overbought and oversold histogram Just indicator combo of oldschool slow stochastic and rsi, just looking a little bit better for someone.
Strategy is simple: 1) RSI is overbought or oversold (above 70, below 30)? 2) Stochastic line crosses its ema? 3) Stochastic and stochastic ema are in overbought = sell, oversold = buy.
Works good in volitile stocks/pairs and suits for fast scalping timeframes 1m 5m 15m
Strategy is old as the books, this is just a better visual for it.
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This is not a StochasticRSI (Stochastic to the RSI), it is simple RSI and Slow Stochastic on the same axis.