I guess I need to clear up a few things.
1.) Stoch-RSI is a single indicator, built like a stochastic, but using RSI instead of high and low price.
These are some formulas for comparison.
STOCHASTIC =
( Sum( C - LLV(L,5), 3 ) /
Sum( HHV(H,5) - LLV(L,5), 3) ) * 100
StocasticRSI (with a smoothing MA) =
Mov((RSI(21)-LLV(RSI(21),13))/(HHV(RSI(21),8)-(LLV(RSI(21)+.00001,13))),8,E) *100
2.) Also, the charts that show values in right hand margin are from RavenQuote, Qcharts uses a different method of displaying the price and indicator values.
3.) The VSEA chart I posted is a curve-fit example, tuning the stoch-rsi to the stock, I've yet to find indicator parameters that generalize well to multiple stocks.
4.) I was hoping others would know of software that would chart StochRSI, or allow custom formulas. Anyone? |
