recently someone was discussing sRSI with me. can anyone tell me what is this indicator....the formulae for the same and also the usage and about its usefulness.
If you are talking about Stochastic RSI, it is also an indicator used to determine entry points (and other information too). It can be called indicator of an indicator. Its value varies between 0 and 1. It represents the current value of RSI relative to its range over n-days. You can get details of this indicator, how to calculate and its uses at the following link: http://fxtrade.oanda.com/help/indicators.shtml#stochastic_rsi
If you are talking about Stochastic RSI, it is also an indicator used to determine entry points (and other information too). It can be called indicator of an indicator. Its value varies between 0 and 1. It represents the current value of RSI relative to its range over n-days. You can get details of this indicator, how to calculate and its uses at the following link: http://fxtrade.oanda.com/help/indicators.shtml#stochastic_rsi