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StoRSI Indicator by Steve Karnish

Last December, I presented my StoRSI indicator to the Fort Collins Market Technicians Association (a group that gets together to drink beer and eat Mexican an Irish Pub). At the time, I had been trading the system for approximately a year. It has continued to trade profitably during the past six months "slide to hell". For those who might of missed previous post, the guts of the system are attached. Sorry, but I can only provide MetaStock code. All trades are initiated on the opening, the day following the signal.

StoRSI Indicator I

Mov((RSI(8)-LLV(RSI(8),8)) / (HHV(RSI(8),8)- (LLV(RSI(8),8))),3,E) * 100


Take care,

Steve Karnish, CTA
Cedar Creek Trading

Here is the formula for Metastock for the StoRSI. I have made it so we can change timeperiods of RSI and MA´s and also so that we can change the type of MA´s.

StoRSI Indicator II

RSIPeriod:= Input("Enter periods for RSI",2,300,8);
HLPeriod:= Input("Enter periods for HHV and LLV",2,300,8);
MAPeriod:= Input("Enter periods for Moving Average",2,300,3);
mat:= Input(" MA Typ,S,E,W,T",1,4,2);{1=S,2=E,3=W,4=T}



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