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Stochastic Relative Strength Index for Metastock
star123
about 9 years ago
Metastock

Rating:
5 / 5 (Votes 1)
Tags:
oscillator, metastock

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

StochRSI = (RSIRSIL)/(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 MetaStockā„¢ formula for the Stochastic RSI is as below.

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Indicator / Formula

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

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