Re: [amibroker] StochRSI

["Avcinci" <avcinci@xxxx>]

Thanks, Rick. Sorry about that. I didn't know Steve had already postedthe 
StoRSI. The only difference I can see (see Anthony's post) is that Steve's 
StoRSI does not take the 3-bar sum of the difference between the 3-bar highest 
high and the 3-bar RSI lowest low, whereas in the article the 3-bar sum is taken 
in both the numerator and the denominator. Other than that, they are the same. 
The extra added feature discussed in the article is the fact that the short 
signal is taken only if the MACD is below its signal line (or in the case of 
longs, if the MACD is above its signal line). Thanks, Anthony, for posting the 
formula. 
 
Al V.
<BLOCKQUOTE 
>
----- Original Message ----- 
<DIV 
>From: 
<A title=RickParsons@xxxx 
href="">Rick Parsons 
To: <A title=amibroker@xxxxxxxxxx 
href="">amibroker@xxxxxxxxxxxxxxx 
Sent: Thursday, April 25, 2002 5:06 
PM
Subject: RE: [amibroker] StochRSI

<FONT color=#000080 
size=2>Al:
<FONT color=#000080 
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: <A 
href="">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 intoone 
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 
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