Here is one of my favorites... It's the StochRSI first posted on the Prodigy Boards by Richard and later helped along by Joe H. I'm using a 14 day StochRSI but you can change ALL the 14's to say 21 for a StochRSI(21).
Mov((RSI(14)- LLV(RSI(14),14)) /(HHV(RSI(14),14)-(LLV(RSI(14),14))),14,E)*100
Now in MetaStock code the following for an explorer test:
for BUY:
If(Cross(Fml( "StochRSI 14") , 30),+1,0)
for SELL:
If(Cross(70, Fml( "StochRSI 14" )),-1,0)
I like to add a 5-40 crossover to keep me on the right side of the trend as follows:
If(Mov(C,5,VAR) > Mov(C,40,VAR),+1,0)
Give it a try and let us know how it turns out.. Dave Evans |
