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Stochastic Relative Strength Index
rev. 01/06/97 In his book The New Technical Trader, Tushar Chande defines the StochasticRSI as:


where RSIL and RSIH are the lowest and highest values of the RSI overa given period.
In his book he uses 14 periods. The MetaStock formula for the StochasticRSI is:

Stochastic Relative Strength Index I

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



I was referring to


Stochastic Relative Strength Index II



a number of people have worked up variations of it.

Richard Estes


Source / From: TOP

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