Stochastic RSI and Stochastic CCI

["Dimitris Tsokakis" <TSOKAKIS@xxxx>]

In his book "The New Technical Trader", Tushar 
Chande defines the Stochastic RSI as: 

StochRSI = (RSI - RSIL)/(RSIH 
-RSIL)
where RSIL and RSIH are the 
lowest and highest values of the RSI over a given period.
In his book he uses 14 periods. The AFLformula 
for the  Stochastic RSI is:
<FONT 
face=Arial>StochRSI=(rsi(14)-llv(rsi(14),14))/(hhv(rsi(14),14)-llv(rsi(14),14));
Respectively we can define here the Stochastic CCI 
as:
StochCCI = (CCI - CCIL)/(CCIH 
-CCIL)
where CCIL and CCIH are the 
lowest and highest values of the CCI over a given period.
The AFL formula for the  14 periods Stochastic CCI 
is:
<FONT 
face=Arial>StochCCI=(cci(14)-llv(cci(14),14))/(hhv(cci(14),14)-llv(cci(14),14));
Both StochRSI and StochCCI are indicators of an indicator 
and should be treated appropriately.
Dimitris Tsokakis