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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?


To: WPC9999 who wrote (9973)11/11/1999 6:31:00 PM
From: Richard Estes  Read Replies (1) | Respond to of 11149
 
In his book The New Technical Trader, Tushar Chande defines the Stochastic RSI as:

StochRSI = (RSI - RSIL)/(RSIH -RSIL)
where RSIL and RSIH are the lowest and highest values of the RSI over a given period.

In his book he uses 14 periods. The MetaStock? formula for the Stochastic RSI is:

( ( RSI ( 14 ) - LLV( RSI (14 ) ,14 ) ) / ( ( HHV( RSI (14 ) ,14 ) ) - LLV(RSI (14 ),14 ) ) )

you might look for other indicators here: equis.com