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Try this on for size:
Input: RSILen(13), LBLen(8), WAvgLen(5);
Var: RS(0),RSIL(0),RSIH(0),StochRSI(0);
RS=RSI(C,RSILen);
RSIL = Lowest(RS,LBLen);
RSIH = Highest(RS,LBLen);
StochRSI = (RS - RSIL)/(RSIH-RSIL);
Plot1(WAverage(StochRSI,WAvgLen),"Stoch RSI");
Old Bob sure loves his Fib numbers, doesn't he? Sure spreads out his
charts, too. I'm using 13-8-5 here as the length defaults. Bob's silver
chart at http://www.dynamictraders.com/Download/arc_te/te9805.pdf used
13-8-5 and I used that chart to derive the indicator. (I wasn't too keen on
the 5 bar per day chart at
http://www.dynamictraders.com/dts.htm .) Of course, you can change these
lengths to 21-13-8 or any other combo that suits you and the chart in
question.
Also, feel free to experiment with alternate smoothing methods. I'm using a
weighted MA here, but there's no law against using a simple MA, exponential
MA, or some other form of smoothing.
All the best,
The Omega Man
La plus ca change, la plus c'est le meme chose. Eh, Pierre?
-----Original Message-----
From: Trade Jack <trade_jack@xxxxxxxxx>
To: The Omega Man (TM) <editorial@xxxxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, August 30, 1998 3:19 PM
Subject: Re: Another Indicator Alternative for Axom.Com
here's an easy one for ya, joe
http://www.dynamictraders.com/dts.htm
scroll about halfway down to the s&p chart and look at the STORSI
indicator.
this should be real easy, it's even got the parameters! this has been
requested on the list before, but no reply as yet.
TJ
believe or not, i'm not being sarcastic, just ez language impaired
---"The Omega Man (TM)" wrote:
By the way, if there are other indicators out there that you'd like
The Omega Man to reverse engineer, just send me a URL where I can look
at a chart with the indicator and some price data.... we'll see if we
can't save you some cash.
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