Custom Formula Collection

Stochastic Relative Strength Index

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

StochRSI = (RSI - RSIL)/(RSIH -RSIL)

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)))

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