Nick......I don't know what software you use, but try this to get a little more simplified.
Formula "OB/OS" =
((Fml("RSISTOCH")*.55)+( Fml( "RShort" )*.34)+( Fml( "RQuick" *.13))
Where.....
"RSISTOCH" = Mov((RSI(13)-LLV(RSI(13),13))/(HHV(RSI(13),13)-(LLV(RSI(13),13))),13,W)*100
"RShort" = Mov((RSI(8)-LLV(RSI(8),8))/(HHV(RSI(8),8)-(LLV(RSI(8),8))),5,W)*100
"RQuick" = Mov((RSI(5)-LLV(RSI(5),5))/(HHV(RSI(5),5)-(LLV(RSI(5),5))),3,W)*100
"OB/OS" is a Weighted StochRSI, but appears as only 1 indicator line in the template. I'm using it more and more in both daily AND weekly chart pattern evaluation. I use it along with "Landis" (The weighted stochastic) with crossovers of an 8WMA fo short term triggers and rising up from below 20, or dropping below 80, as longer term signals.
FWIW
BW Chan |
