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Al,
There is a description at
http://groups.yahoo.com/group/amibroker/message/2394
together with Stochastic CCI
DT
--- In amibroker@xxxx, "avcinci" <avcinci@xxxx> wrote:
> 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.
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