The Stochastic RSI (StochRSI) is a technical indicator that combines two popular analytical tools, the Stochastic Oscillator and the Relative Strength Index (RSI). StochRSI is designed to provide more sensitive signals to price movements by measuring momentum and potential changes in price direction more accurately.

The StochRSI is calculated by applying the Stochastic Oscillator to the RSI value, rather than the price directly. It provides a more subtle indication of overbought or oversold conditions than the RSI itself.