Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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Nov 11 4:00 PM EST

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To: Charles Kalb who wrote (8846)	7/7/2000 10:01:16 PM
From: CatLady	Read Replies (1) of 39683

Charles, I'd totally forgotten that StochRSI was invented by Chande. I even have the New Technical Trader, but, obviously, it's been too long since I've read the book. Yes, the more general form of the Metastock definition is far more useful than the hard-coded periods cited by Steve Karnish. But, I disagree with calling his implementation an error. His version is supported by Chande's book. In his book, Chande says, "For symmetry we use the same number of days in the look-back period as those in the RSI calculations, but you can experiment with different calculation periods if you wish." Also, in the section of the book dealing with Trading strategies with StochRSI, Chande does describe using a simple moving average for slowing when working with shorter time frame charts. Personally, I have to say 'use whatever works' but for the sake of communicating ideas to others we do need to get our terminology straight. I'm going to give the internally smoothed version a look over the weekend. CL .

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