|
MetaStock
Indicator - Stochastic
Relative Strength Index
rev. 01/06/97
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 ) ) )
|
|
