Compact mode
Relative Strength Index (RSI) vs Rate Of Change (ROC) vs Stochastic RSI
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.For all*Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Rate of Change (ROC)Stochastic RSIKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorRelative Strength Index (RSI)- Momentum MeasurementRelative Strength Index (RSI) is known for Momentum Measurement.
Rate of Change (ROC)- Speed Of Price ChangesRate of Change (ROC) is known for Speed Of Price Changes.
Stochastic RSI- Combining Strengths Of Two Popular IndicatorsStochastic RSI is known for Combining Strengths Of Two Popular Indicators.
Made In 🌍
The country or origin of the trading indicatorRelative Strength Index (RSI)- 1978Relative Strength Index (RSI) was developed in 1978. Trading indicators specifically developed in 1978
Rate of Change (ROC)- UnknownRate of Change (ROC) was developed in Unknown. Indicators with undisclosed country of origin, focusing on performance
Stochastic RSI- UnknownStochastic RSI was developed in Unknown. Indicators with undisclosed country of origin, focusing on performance
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorRelative Strength Index (RSI)Rate of Change (ROC)Stochastic RSIPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityRelative Strength Index (RSI)- HighThe popularity of Relative Strength Index (RSI) among traders is considered High. Widely used and trusted indicators in the trading community
Rate of Change (ROC)- MediumThe popularity of Rate of Change (ROC) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Stochastic RSI- MediumThe popularity of Stochastic RSI among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorRelative Strength Index (RSI)- Created by J. Welles Wilder
Rate of Change (ROC)- One of the oldest momentum indicators still in use today
Stochastic RSI- Combines two of the most popular indicators: Stochastic and RSI
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorRelative Strength Index (RSI)- The only thing relative about it is how relatively often it's misused
Rate of Change (ROC)- Jokingly called the 'market speedometer' by some traders
Stochastic RSI- Sarcastically referred to as the 'indicator inception' due to its nested nature
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Relative Strength Index (RSI)- 1-HourRelative Strength Index (RSI) is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
- 4-HourRelative Strength Index (RSI) is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe
- DailyRelative Strength Index (RSI) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
Rate of Change (ROC)- AnyRate of Change (ROC) is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Stochastic RSI- AnyStochastic RSI is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Relative Strength Index (RSI)Rate of Change (ROC)Stochastic RSISignal Generation 📊
Describes the methods by which the indicator produces trading signalsRelative Strength Index (RSI)- ThresholdsRelative Strength Index (RSI) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
- DivergencesRelative Strength Index (RSI) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Rate of Change (ROC)- CrossoversRate of Change (ROC) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesRate of Change (ROC) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Stochastic RSI- CrossoversStochastic RSI generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- ThresholdsStochastic RSI generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorRelative Strength Index (RSI)- PeriodRelative Strength Index (RSI) offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- ThresholdsRelative Strength Index (RSI) offers customization options for Thresholds. Customizable thresholds for signal generation Click to see all.
Rate of Change (ROC)Stochastic RSI- RSI PeriodStochastic RSI offers customization options for RSI Period. Allows customization of Relative Strength Index calculation period Click to see all.
- Stochastic PeriodStochastic RSI offers customization options for Stochastic Period. Adjustable period for stochastic calculations Click to see all.
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorRelative Strength Index (RSI)Rate of Change (ROC)Stochastic RSIPurpose 📈
The primary purpose or application of the trading indicatorRelative Strength Index (RSI)Rate of Change (ROC)Stochastic RSI
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorRelative Strength Index (RSI)- Easy To Interpret
- Effective For Identifying Reversals
Rate of Change (ROC)- Simple To Understand And UseOffers straightforward analysis, making it accessible for traders of all levels
- Effective For Identifying Overbought/Oversold Conditions
Stochastic RSI- Highly Sensitive To Price Changes
- Effective For Short-Term Trading
Cons 👎
Disadvantages or limitations of the trading indicatorRelative Strength Index (RSI)- Can Remain In Overbought/Oversold Conditions During Strong Trends
Rate of Change (ROC)- Can Produce False Signals In Ranging Markets
- Sensitive To Sudden Price ChangesRefers to indicators that may produce unreliable signals during rapid market movements. Click to see all.
Stochastic RSI- Can Produce Frequent Signals
- Prone To Whipsaws In Volatile Markets
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorRelative Strength Index (RSI)Rate of Change (ROC)Stochastic RSIEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isRelative Strength Index (RSI)Rate of Change (ROC)Stochastic RSIVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesRelative Strength Index (RSI)Rate of Change (ROC)Stochastic RSICustomization Score 🔧
A score representing the degree of customization available for the trading indicatorRelative Strength Index (RSI)- 6.5The customization score for Relative Strength Index (RSI) is 6.5 out of 10.
Rate of Change (ROC)- 6.5The customization score for Rate of Change (ROC) is 6.5 out of 10.
Stochastic RSI- 8The customization score for Stochastic RSI is 8 out of 10.
Alternatives to Relative Strength Index (RSI)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
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is more customizable than Relative Strength Index (RSI)
Stochastic Oscillator
Known for Momentum And Trend Reversal
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is more customizable than Relative Strength Index (RSI)
Elder-Ray Index
Known for Combining Trend And Momentum
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is more versatile than Relative Strength Index (RSI)
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is more customizable than Relative Strength Index (RSI)
Woodies CCI
Known for Modification Of Traditional CCI
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is more customizable than Relative Strength Index (RSI)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is more reliable than Relative Strength Index (RSI)
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is more customizable than Relative Strength Index (RSI)
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is rated higher overall than Relative Strength Index (RSI)
Money Flow Index (MFI)
Known for Volume And Price Movements
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is more customizable than Relative Strength Index (RSI)
Average True Range (ATR)
Known for Volatility Without Direction
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is more reliable than Relative Strength Index (RSI)