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Hi
Having just read Chande's "The New Technical Trader", I was surprised to see
him detail the Stochastic RSI. This is a study I have been using for over
14 years. The authors talk about it being a new indicator!
Therefore, let me share another one that I used as long. I called it the
Modified Stochastic although a better name is there somewhere. Calculate 5
day moving averages of the high, low and close and plug those values into
the stochastic equation. Nice and simple - probably been done before.
Regards
Steve
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