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Roy Wrote:
:LW has numerous indicators and capability with synthetic symbols of
having
:spreads updating also. One of LW's best indicators (RSIS)is an almost
:uncanny predictor of action of the market. It and your choice of five
other
:indicators can be run on tick or hourly or daily or weekly data and
will
:update right on the screen. RSIS is RSI of Stochastics.
Karl Wrote:
Is anyone able to provide more detailed information on how this RSIS is
calculated? I can calculate -- or program -- RSI and Stochastics but can
only guess at how they are combined. Any input???
Alan Wrote:
Instead of calculating Stochastics on the closing price, do this on the
an RSI value. ie: Calculate a 13 period RSI then calulate a 5 period
Stochastic
of this value.
Jeff Wrote:
Here is Tushar Chande's 'Stochastic Relative Strength Index' in
Metastock's format. I presumed it's the same thing as the RSIS. The
attached chart shows how it looks like. The problem is I still don't
know how to interpret this indicator. RSI and Slow Stochastics are easy
enough for me to see how they work. But the RSIS indicator looks
totally foreign to me. Any further input would be much appreciated:
Stochastic Relative Strength Index
rev. 01/06/97
In his book The New Technical Trader, Tushar Chande defines the
Stochastic RSI as:
StochRSI = (RSI - RSIL)/(RSIH -RSIL)
where RSIL and RSIH are the lowest and highest values of the RSI over a
given period.
In his book he uses 14 periods. The MetaStock™ formula for the
Stochastic RSI is:
( ( RSI ( 14 ) - LLV( RSI (14 ) ,14 ) ) / ( ( HHV( RSI (14 ) ,14 ) ) -
LLV(RSI (14 ),14 )
) )
Have a good one
Jeff Harteam
Hong Kong
<x-html><!DOCTYPE HTML PUBLIC "-//IETF//DTD HTML//EN">
<html>
<head>
<title>HTML document for the World Wide Web</title>
<meta name="GENERATOR" content="MetaStock 6.0">
</head>
<body>
<h2 align=center>8021USDOLLAR IDX<br>
(8021) </h2>
<p align=center><img src="srsi.jpg" align=bottom> </p>
<h3 align=center>Data for 10/01/97 </h3>
<div align=center><center>
<table border=1 ALIGN="CENTER">
<tr><td><table ALIGN="CENTER">
<tr><td><font FACE="Arial"><font color="#000000">Exp Trend</font></font></td><td><font FACE="Arial"><font color="#000000">N/A</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">8021</font></font></td><td><font FACE="Arial"><font color="#000000">IndicatorName</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Open</font></font></td><td><font FACE="Arial"><font color="#000000">97.1900</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">High</font></font></td><td><font FACE="Arial"><font color="#000000">97.7100</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Low</font></font></td><td><font FACE="Arial"><font color="#000000">96.8700</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Close</font></font></td><td><font FACE="Arial"><font color="#000000">97.6000</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Volume</font></font></td><td><font FACE="Arial"><font color="#000000">0</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Open Int.</font></font></td><td><font FACE="Arial"><font color="#000000">0</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Price Chg.</font></font></td><td><font FACE="Arial"><font color="#000000">0.490</font></font> </td></tr><tr><td><font FACE="Arial"><font color="#000000">Stochast</font></font></td><td><font FACE="Arial"><font color="#000000">0.66416</font></font> </td></tr>
</table>
</td></tr>
</table>
</center></div>
</body>
</html>
</x-html>From ???@??? Thu Oct 02 19:35:51 1997
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Date: Thu, 2 Oct 1997 21:05:43 -0500
Reply-To: bshumake@xxxxxxxxxxxx
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From: Bill Shumake <bshumake@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: RSIS
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Status: O
With regards to the RSIS indicator, I believe it will be necessary to calculate an RSI of a stochastic instead of the opposite. The reason for this is that calculating a stochatic requires open-high-low data, while the calculation of RSI requires only closing data. So, once a stochastic is calculated on standard daily data, the %k or %d can be treated as closing data to compute the RSI.
The formula for a 14 period RSI is as follows:
RSI = 100 - [100 / ( 1 + RS ) ] Where RS = ( average of 14 day's up closes ) / (average of 14 day's down closes )
Sorry but I do not have a stochastic formula on hand, but it should be easy to get. In addition to the formulas, it may be necessary to find the exact periods used for each calculation. 14 bars is common, but may not be the period used. If someone finds the answer, please let me know. If some of you are researching this, please keep me posted on your findings. Thanks !
All the Best !
Bill Shumake
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