RE: [amibroker] Re: John Ehlers "Modeling The Market"

["Terry" <MagicTH@xxxxxxxxxxx>]

A stochastic simply ranks the relative position of today's value
compared to the value over the previous specified period.

StochasticRSI (SRSI) specifically compares the current value of the RSI
to it's range over the past x days (typically 14 or 21, but pick your
#).

So, the formula is the same, just use the value of whatever indicator
you want a stochastic of instead of the RSI.

Cv = current value
H = highest value of x bar period
L = lowest value of x bar period

Stochastic = (Cv - L) / (H - L)
--
Terry

-----Original Message-----
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On
Behalf Of aff392
Sent: Friday, August 25, 2006 15:22
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: John Ehlers "Modeling The Market"


Correction for August 2006 TIPs regarding John Ehlers "Modeling The 
Market" use this site:

http://www.traders.com/Documentation/FEEDbk_docs/Archive/082006/TradersT
ips/TradersTips.html 

--- In amibroker@xxxxxxxxxxxxxxx, "aff392" <aff392@xxx> wrote:
>
> Traders TIPs S&C August issue (www.trades.com tips section)
> 
http://traders.com/Documentation/FEEDbk_docs/TradersTips/TradersTips.
> html provides AmiBroker's version of John Ehlers "Modeling The 
> Market".  Tomaszs' version is outstanding and concise as usual.  
>  
> But in the article the TradeStation version also applies
> the StochasticRSI transformation of Ehlers' model and/or 
> Ehlers' cyclic component.
> 
> From some searches in AmiBroker files I found StochasticRSI as:
> 
> period=Param("Periods",14,5,50,1);
> 
> StochasticRSI=( ( RSI( period) - LLV( RSI(period) ,period) ) / ( ( 
> HHV( RSI(period) ,period) ) - LLV(RSI(period),period) ) );
> 
> Plot(EMA(StochasticRSI ,5),EncodeColor(colorBlue)
> +"StoRsi",colorBlue,1);
> 
> Assuming this is the same as the StochasticRSI in the article how 
> would one apply the StochasticRSI to the Model component or the 
> Cycle component to reproduce the graph in Figure 7 of the Article 
as 
> the TradeStaion version does?
> 
> Thanks for any help.
> 
> Art F
>







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