Using RSI or Stochastic, Measures the same (momentum / buying or selling). Like same story different version. Here is a proof.
Its like 1+1 = 2 or 2+3 - 4 = 1. End result is the same.
Still not convinced?
Its the same chart, same indicator. With different lookback periods.
First chart with RSI(3) and Fast Stochastic(8)
Second chart with RSI (3 & 14) and Full Stochastic (14,3)
both stochastic has the % D lines hidden. In my opinion its just a freaking distraction to traders.
Its up to you to use whatever you want.
But knowing how to use them is the key. Not how many you use.
Hope, this helps.
Its like 1+1 = 2 or 2+3 - 4 = 1. End result is the same.
Still not convinced?
Its the same chart, same indicator. With different lookback periods.
First chart with RSI(3) and Fast Stochastic(8)
Second chart with RSI (3 & 14) and Full Stochastic (14,3)
both stochastic has the % D lines hidden. In my opinion its just a freaking distraction to traders.
Its up to you to use whatever you want.
But knowing how to use them is the key. Not how many you use.
Hope, this helps.
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