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Many months ago the Reverse RSI was published in TASC. I have found
this adjustable indicator to be very useful for me.
Has anyone re-coded the StoRsi as an adjustable Reverse StoRsi?
This is the regular StoRsi I am using:
UpperLine = 90;
LowerLine = 10;
Plot( 100, "", colorBlue, styleNoDraw);
Plot( 0, "", colorBlue, styleNoDraw);
Plot( UpperLine, "Upper Level", colorBlue, styleLine);
Plot( LowerLine, "Lower Level", colorBlue, styleLine);
r = RSI(8);
StoRSI = EMA(( r - LLV( r, 8 )) / (( HHV( r, 8 )) - LLV( r, 8 )), 3 )
* 100;
Plot( StoRSI , "StoRSI", colorBlack, styleLine);
GraphXSpace = 2;
Buy = Cross( StoRSI, LowerLine );
Sell = Cross( StoRSI, UpperLine );
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