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<FONT color=#000080
size=2>Al:
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size=2>
Steve Karnish of
CCT has posted a StoRSI in the Amibroker file section: <A
href="">http://www.amibroker.com/library/detail.php?id=76
<FONT color=#000080
size=2>
Are these
formulas the same?
<FONT face="Vladimir Script" color=#000080
size=5>Rick
<FONT face=Tahoma
size=2>-----Original Message-----From: avcinci
[mailto:avcinci@xxxx]Sent: Thursday, April 25, 2002 4:40
PMTo: amibroker@xxxxxxxxxxxxxxxSubject: [amibroker]
StochRSIAll,An interesting article by Thom
Hartle appeared in the May issue of Active Trader magazine. In it, he
discussed combining the Stochastic and RSI into one indicator, calledthe
StochRSI. The rationale is this: oscillators are most effectivein
non-trending markets because they oscillate above and below the 30/70
lines where they correspond to swing highs and lows. However, in trending
markets, the oscillators often shift, skewing to the low side in down
markets and to the upside in up markets. To adjust for that, Chande used
the basic stochastic calculation but plugged in RSI values for the price
values. The result was an oscillator that did not skew as the market
trended. When the StochRSI is used in combination with MACD, which
shows a trend, the result gives apparently much clearer buy and sell
signals. I haven't coded the information into AFL yet, but it seems
quite straightforward. I'm sure Dimitris would be able to do it in 5
minutes! Check out the article "When two oscillators are better than
one" by T. Hartle, Active Trader, vol. 3, no. 5, pp. 48-53. Al
V.Your
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