StochRSI
StochRSI
Description
StochRSI was developed by Tushard Chande and
Stanley Kroll. It is an oscillator that measures the level of Wilder's RSI
relative to its range, over a set period of time. The indicator applies the
stochastics formula to the RSI indicator. The result is an oscillator that
fluctuates between 0 and 1.
Category
Momentum Indicators
Parameters
N ( Default: 14
Min: 1 Max: 100 )
Chart Script
WRSI:=RSI(CLOSE,N);
STOCHRSI:(WRSI-LLV(WRSI,N))/(HHV(WRSI,N)-LLV(WRSI,N));
.2,Color#808080,NoValueLabel;
.8,Color#808080,NoValueLabel;
FillRGN(STOCHRSI>.8,STOCHRSI,.8),Brush#20808000;
FillRGN(STOCHRSI<.2,STOCHRSI,.2),Brush#20800000;
@SetHLine(.2,.5,.8,1);
@SetYMinMax(0,1)