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Stochastic Relative Strength Index for Metastock
over 12 years ago

5 / 5 (Votes 1)
oscillator, metastock

In his book The New Technical Trader, Tushar Chande defines the Stochastic RSI as:

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 MetaStockā„¢ formula for the Stochastic RSI is as below.

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Indicator / Formula

Copy & Paste Friendly
( ( RSI ( 14 ) - LLV( RSI (14 ) ,14 ) ) / ( ( HHV( RSI (14 ) ,14 ) ) - LLV(RSI (14 ),14 ) ) )


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