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Stochastic Relative Strength Index for Metastock
Rating:
5 / 5 (Votes 1)
Tags:
oscillator, metastock
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 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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