Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: Charles Kalb who wrote (8846)	7/7/2000 10:01:16 PM
From: CatLady	Read Replies (1) \| Respond to of 39683

Charles, I'd totally forgotten that StochRSI was invented by Chande. I even have the New Technical Trader, but, obviously, it's been too long since I've read the book. Yes, the more general form of the Metastock definition is far more useful than the hard-coded periods cited by Steve Karnish. But, I disagree with calling his implementation an error. His version is supported by Chande's book. In his book, Chande says, "For symmetry we use the same number of days in the look-back period as those in the RSI calculations, but you can experiment with different calculation periods if you wish." Also, in the section of the book dealing with Trading strategies with StochRSI, Chande does describe using a simple moving average for slowing when working with shorter time frame charts. Personally, I have to say 'use whatever works' but for the sake of communicating ideas to others we do need to get our terminology straight. I'm going to give the internally smoothed version a look over the weekend. CL .