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Stochastic RSI - Brann by Steve Brann
RE: Stochastic RSI Osc. the formula

-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Larry
Sent: 07 February 2001 10:02
To: metastock@xxxxxxxxxxxxx
Subject: Re: Stochastic RSI Osc.

Could you post the exact formula for that?

Steve Brann wrote:

Hi
Having just read Chande's "The New Technical Trader", I was surprised to see him detail the Stochastic RSI. This is a study I have been using for over 14 years. The authors talk about it being a new indicator!

Therefore, let me share another one that I used as long. I called it the Modified Stochastic although a better name is there somewhere. Calculate 5 day moving averages of the high, low and close and plug those values into the stochastic equation. Nice and simple - probably been done before.

Regards

Steve


Here is the formula Larry.

I normally plot a 3 period exponential moving average against it. Try replacing cm5 with the actual closing price, in which case I look for short term reversals when above 1 and below zero. I also note that divergences are more apparent when this is the case. I am thinking or renaming it the "Brann Stochastic" which, hopefully, will be abbreviated to "BS"... :-)

Regards
Steve

Stochastic RSI - Brann

hm5:=HHV(Mov(H,5,E),5);
lm5:=LLV(Mov(L,5,E),5);
cm5:=Mov(C,5,E);

(cm5-lm5)/(hm5-lm5)

 

Source / From: TOP
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