Stochastic RSI Settings | 30

[Music] training sim the number one market replay platform in the world where you can learn to trade like a pro at your own pace hey day traders is al hill from trading simcom in today's video we will be showing you how to set up your Stoke RSI settings so regardless of your trading platform currently I'm looking at trading some but again regardless of the platform you're gonna be able to add indicators right so for us this right here with the indicators icon or we can right click on the chart insert indicator you want to identify a stochastic RSI get that a click alright and for most products the Stoke RSI will display below the chart and here if you right click or rather if you click here for format this goes back to what we stayed in the article the 14 14 3 3 default it's pretty much the standard across all platforms if you want to change things you primarily want to focus on the length of the stoke and the smooth K this is gonna give you the ability to you know smooth the line out if you will so you don't have as many signals so let's say we wanted to extend the smooth King to maybe like 20 or so and you can see that really starts to smooth it out great I wouldn't suggest doing that again because most people are looking to 14 14 33 but if it's just a really busy stock like you really bought a stock that's one option another is the length of the Stoke you can change that to say 25 and that's gonna give you a similar effect not as pronounced but also gives you the ability just to smooth things out so again you know you would only likely want to do something like this if you're trading an extremely volatile stock and you're just getting like buy sell signals all over the place where the Stoke RSI okay hope this was helpful take care and good luck trading please remember to like or share this video learn more about how trading sim can help you become a profitable trader please visit our site at trading simcom

Channel: Tradingsim

Views: 27,797

Keywords: day trading, Tradingsim, learn to trade, trading stocks, daytrading, intraday trading, stochastics, stochasics rsi, stochastic RSI settings

Id: 4MVb7WrpQYE

Length: 2min 24sec (144 seconds)

Published: Wed Aug 08 2018