log in     sign up for free
 
There are a lot of problems to solve with exits. If the worst case does not happen (i.e., so you don't get stopped out), then the job of your system is to allow you to make the most profit possible and give the least amount of it back. Only your exits do this!
Van K. Tharp
 
 
Home
systems (285)
 
 
Special offer: buy MetaStock (try for free)   |   Reuters QuoteCenter Real-Time Data (get a free month)   |   EOD Data
Formula Library
 
AmiBroker
MetaTrader
MetaStock
TradeStation
Wealth-Lab
NinjaTrader
 
add your formula
System Library
 
 
Account login
Your email:
Password:
 
Log in
New to s4t? Sign up.
If you forgot your password click here.
Search the Web
 
Custom Search

StochRSI

Formula for: TradeStation

indicator

 

 

Views:  1897

Added: August 01, 2008
 
Rate this code:  Rate: 1 Rate: 2 Rate: 3 Rate: 4 Rate: 5
This formula has not been rated yet
 

email this link

 
 
Tags: TradeStation, indicator
 


INDICATOR FROM DYNAMIC TRADERS
. To: "Trade Jack"
. Subject: INDICATOR FROM DYNAMIC TRADERS
. From: "The Omega Man (TM)"
. Date: Sun, 30 Aug 1998 21:28:16 -0400
. Cc: "Omega List"
. Reply-To: "The Omega Man (TM)"
. Resent-Date: Sun, 30 Aug 1998 18:28:02 -0700
. Resent-From: omega-list@xxxxxxxxxx
. Resent-Message-ID: <"byZoF2.0.ii.YmVwr"@mx1>
. Resent-Sender: omega-list-request@xxxxxxxxxx

Try this on for size:



Type : Indicator, Name : StochRSI
Input: RSILen(13), LBLen(8), WAvgLen(5);

Var: RS(0),RSIL(0),RSIH(0),StochRSI(0);

RS=RSI(C,RSILen);
RSIL = Lowest(RS,LBLen);
RSIH = Highest(RS,LBLen);

StochRSI = (RS - RSIL)/(RSIH-RSIL);

Plot1(WAverage(StochRSI,WAvgLen),"Stoch RSI");






Old Bob sure loves his Fib numbers, doesn't he? Sure spreads out his charts, too. I'm using 13-8-5 here as the length defaults. Bob's silver chart at http://www.dynamictraders.com/Download/arc_te/te9805.pdf used

13-8-5 and I used that chart to derive the indicator. (I wasn't too keen on the 5 bar per day chart at http://www.dynamictraders.com/dts.htm .) Of course, you can change these lengths to 21-13-8 or any other combo that suits you and the chart in question.

Also, feel free to experiment with alternate smoothing methods. I'm using a weighted MA here, but there's no law against using a simple MA, exponential MA, or some other form of smoothing.

All the best,
The Omega Man

La plus ca change, la plus c'est le meme chose. Eh, Pierre?


 

 



Code:

Type : Indicator, Name : StochRSI
Input: RSILen(13), LBLen(8), WAvgLen(5);

Var: RS(0),RSIL(0),RSIH(0),StochRSI(0);

RS=RSI(C,RSILen);
RSIL = Lowest(RS,LBLen);
RSIH = Highest(RS,LBLen);

StochRSI = (RS - RSIL)/(RSIH-RSIL);

Plot1(WAverage(StochRSI,WAvgLen),"Stoch RSI");

 





Code to difficult? Find somebody to help you with coding here.

 


Source: http://www.purebytes.com

 

View similar (indicator for TradeStation):

Bull and Bear Balance Indicator
Color on MACD Histogram II
SMI_TRADE Indicator (Stochastic Momentum Index Trade)
Stochastics
Optimal Tracking Filter
Adaptive Moving Average
Bond Futures LR Surfing Indicator
SaittaTrend
DIMA Averages
Trend Detection Index
...
 
 
all formulas for TradeStation
all formulas

 

 

Email to friend

Top

 

     
However we try to maintain hiqhest possible level of service - most formulas, oscillators, indicators
and systems are submitted by anonymous users.
Therefore S4T™ does not take any responsibility for it's quality.
If you use any of this information, use it at your own risk. You are responsible for your own trading decisions.
Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade.
In no case will S4T™ be responsible for your trading gains or losses.
PayPalSecure payments by PayPal S4T™ is a part of TAURO EDUCATION NETWORK
 
Privacy note | (c) copyrights systems4trading.com 2006-2009