––––History & Credit–––– 📚 Credit: This script is inspired by Mark Minervini's book, "Trade Like a Stock Market Wizard". The book is a must-read for any stock trader or investor, and it's where the idea for this indicator came from. –––––What it does–––– 💡 What it does: The Minervini's Stock Under Pressure Indicator is a powerful tool for stock traders and...
StochRSI measures the value of RSI relative to its high/low range over a set number of periods. The number of periods used to calculate StochRSI is transferred to RSI in the formula. For example, 14-day StochRSI would use the current value of 14-day RSI and the 14-day high-low range for 14-day RSI. 14-day StochRSI equals 0 when RSI is at its lowest point for 14...