Nicholas, StochRSI is a very cool indicator I lifted from these TA threads, it is not an invention of mine and I believe its roots go back to Richard and somebody else and gonz has done a lot of work on it too.
The only thing bdogish about it was adding the extra smoothing factor to play around with. I have experimented with some very short StochRSI like 2,3 and 5 and have added some extra smoothing. Also have gone extreme to the other end with a 89,13 34 worth taking a peek at.
Use 70 and 30 lines for starters and check out how the stock responds to (sell) drop thru 70 and (buy) rise thru 30. Try it with 13,13,1,13 on that smoothie formula or you can use the straight one like this...
mp1:=Input("RSI Periods",1,377,13);
mp2:=Input("EMA Periods",1,377,13);
Mov((RSI(mp1)-LLV(RSI(mp1),mp1))/(.0000001+(HHV(RSI(mp1),mp1)-(LLV(RSI(mp1),mp1)))),mp2,E)*100
notice that in the input statement the last number is the default, you can change that to what ever you end up using most making for an easy drop into a chart...
bsmoothiedog
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