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- 23 Eki 2020
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RE: Stochastic RSI Osc. the formula -----Original Message----- From: owner-metastock@xxxxxxxxxxxxx [mailto  wner-metastock@xxxxxxxxxxxxx]On Behalf Of LarrySent: 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 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"... Regards Steve |
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Stochastic RSI - Brann hm5:=HHV(Mov(H,5,E),5); lm5:=LLV(Mov(L,5,E),5); cm5:=Mov(C,5,E); (cm5-lm5)/(hm5-lm5) |
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