Gary- my 2 cents here:
StochRSI is simply the stochastic formula on RSI rather than price.
Although I prefer weighted - Simplicity is more important for in the end- a buy is a buy is a buy.
I believe most stochastics formulas use exponential smoothing as a default. If so- stochastic of any token close, high, volume, dmi, rsi etc. would or should be :
Mov((token(%K days)-LLV(token(%k days),%k smoothing)/(HHV(token(%k days),%k smoothing)-(LLV(token(% k days),%k smoothing))),%D days,e)*100
Thus stochRSI 14 is really stochastic(14,14,14) of RSI rather than price.
StochRSI (8,5) is really stochastic(8,8,5) of RSI rather than price.
Folks please correct me if I am wrong.
I personally would be happy with exponential is that indeed is the default used in all software on stochastics.
g |
