The StochRSI Basic Indicator is a free and popular Forex indicator for the MT4 trading platform. The indicator calculates the Relative Strength Index (RSI) of the Stochastic oscillator. This allows traders to identify potential overbought and oversold levels. The StochRSI Basic Indicator is easy to use and can be applied to any timeframe. It is also adjustable, allowing traders to customize the lookback period and levels of overbought and oversold. This makes it a great tool for any trader looking to make the most of their Forex trading.
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