The Stochastic RSI indicator is a momentum oscillator that applies the stochastic formula to Relative Strength Index (RSI) values instead of price data, effectively serving as a second-derivative indicator. This approach enhances sensitivity in detecting overbought and oversold market conditions compared to the standard RSI. The indicator outputs two smoothed lines oscillating between 0 and 100: the %K line (smoothed Stochastic RSI) and the %D line (moving average of %K). Key adjustable parameters include the RSI period, stochastic period, %K and %D smoothing periods, and the choice of simple or exponential moving average for smoothing. Recommended manual levels for interpretation are 80 (overbought) and 20 (oversold), which help identify potential price reversals or consolidations. Crossovers between the %K and %D lines can signal bullish or bearish momentum shifts, with bullish crossovers below 20 and bearish crossovers above 80 considered actionable. Designed for the cTrader platform using C# and the Automate API, the indicator features clean, efficient, and customizable code.