StoRsi

# StoRSI Indicator: Combining RSI and Stochastic with multiTF

## Overview
The StoRSI indicator combines Relative Strength Index (RSI) and Stochastic oscillators in a single view to provide powerful momentum and trend analysis. By displaying both indicators together with multi-timeframe analysis, it helps traders identify stronger signals when both indicators align.

## Key Components

### 1. RSI (Relative Strength Index)
### 2. Stochastic Oscillator
### 3. EMA (Exponential Moving Average)
### 4. Multi-Timeframe Analysis

## Visual Features

- **Color-coded zones**: Highlights overbought/oversold areas
- **Signal backgrounds**: Shows when both indicators align
- **Multi-timeframe table**: Displays RSI, Stochastic, and trend across timeframes
- **Customizable colors**: Allows full visual customization

## Signal Generation (some need to uncomment in code)

The indicator generates several types of signals:

1. **RSI crosses**: When RSI crosses above/below overbought/oversold levels
2. **Stochastic crosses**: When Stochastic %K crosses above/below overbought/oversold levels
3. **Combined signals**: When both indicators show the same condition
4. **Trend alignment**: When multiple timeframes show the same trend direction

## Conclusion

The StoRSI indicator provides a comprehensive view of market momentum by combining two powerful oscillators with multi-timeframe analysis. By looking for alignment between RSI and Stochastic across different timeframes, traders can identify stronger signals and filter out potential false moves. The visual design makes it easy to spot opportunities at a glance, while the customizable parameters allow adaptation to different markets and trading styles.

For best results, use this indicator as part of a complete trading system that includes proper risk management, trend analysis, and confirmation from price action patterns.