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Stochastics and RSI

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Enzed
Frequent Contributor
Help guys. My understanding is that Stochastics and RSI are part of the same family of indicators. Therefore is it valid to use both and to see the one "confirm" the other when in fact they are telling you the same thing and they are working off the same underlying factors?? Would it not be better to use one of the above plus - say - DMI?
4 REPLIES 4
Rams
Super Contributor
if you starting out, use stochastics and MACD.
Preston
Super Contributor
if you starting out, use stochastics and MACD and RSI.
barry_1
Super Contributor
YIKES ! are Preston and Rams identical twins perhaps?
Cedric_1
Contributor
Yes,they are similar,but i find the stochastic a bit too 'severe' and although i use it for initial guidance i then refer to RSI which allows me to delay any knee jerk reaction.