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Larry,
In Tusar Chande's book, 'The New Technical Trader,' he
gives this formula for the "Stochastic RSI Oscillator."
The RSI(H) & RSI(L) are the highest and lowest values
of RSI over a given look-back period. (Robert Miner
also uses this method in his "DT" package.)
Whenever RSI makes a new low, the "StochRSI" will be
at "0."
Hope this helps! ........... John
----- Original Message -----
From: "Larry" <amernick@xxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, February 07, 2001 4:01 AM
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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