Tuesday, April 12, 2011

Stochastic Relative Strength Index

Stochastic Relative Strength Index
In his book The New Technical Trader, Tushar Chande Stochastic RSI defined as:
StochRSI = (RSI - RSIL) / (RSIH-RSIL)
RSIL RSIH and where are the lowest and highest values â â of the RSI in a given period.
In his book he uses 14 times. The MetaStock â ¢ formula for Stochastic RSI is:
((RSI (14) - LLV (RSI (14), 14)) / ((HHV (RSI (14), 14)) - LLV (RSI (14), 14)))

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