|
PureBytes Links
Trading Reference Links
|
Hello, Rick
here is what I get from the Article:
StochRsi=(Sum(RSI(5)-LLV(RSI(5),3),3)/Sum(HHV(RSI(5),3)-LLV(RSI(5),3),3))*100;
Graph0=Stochrsi;
Anthony
Rick Parsons wrote:
> Al:Steve Karnish of CCT has posted a StoRSI in the Amibroker file
> section: http://www.amibroker.com/library/detail.php?id=76Are these
> formulas the same? Rick
>
> -----Original Message-----
> From: avcinci [mailto:avcinci@x...]
> Sent: Thursday, April 25, 2002 4:40 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] StochRSI
>
> All,
>
> 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, called the StochRSI. The
> rationale is
> this: oscillators are most effective in 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 use of Yahoo! Groups is subject to the Yahoo! Terms of
> Service.
>
>
> Yahoo! Groups Sponsor
ADVERTISEMENT
>
> Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|