Custom Formula Collection

Stochastic Relative Strength Index

In his book The New Technical Trader, Tushar Chande defines the Stochastic RSI as:


where RSIL and RSIH are the lowest and highest values of the RSI over a given period.

In his book he uses 14 periods. The MetaStockTM formula for the Stochastic RSI is:

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

For additional help with formulas, please see the Formula Primer.

Can't find the custom formula you need? MetaStock can create formulas for you.