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Here is the formula Larry.
I normally plot a 3 period exponential moving average against it. Try
replacing cm5 with the actual closing price, in which case I look for short
term reversals when above 1 and below zero. I also note that divergences
are more apparent when this is the case. I am thinking or renaming it the
"Brann Stochastic" which, hopefully, will be abbreviated to "BS"... :-)
hm5:=HHV(Mov(H,5,E),5);
lm5:=LLV(Mov(L,5,E),5);
cm5:=Mov(C,5,E);
(cm5-lm5)/(hm5-lm5)
Regards
Steve
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Larry
> Sent: 07 February 2001 10:02
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Stochastic RSI Osc.
>
>
> Could you post the exact formula for that?
>
> Steve Brann wrote:
>
> > 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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