StochasticRSI

Introduced by Tuschar Chande and Stanley Kroll in their December, 1992 Stocks and Commodities article entitled, “Stochastic RSI and Dynamic Momentum Index”, the Stochastic RSI Oscillator attempts to combine ideas from two indicators - the Relative Strength Index (RSI) and the Stochastic Oscillator. The Stochastic RSI is plotted as 2 lines: the Stochastic RSI line and %D. The Stochastic RSI is the main (fast) line and %D is the signal (slow) line.

The formula for the calculating Stochastic RSI Oscillator is:

                   Observ = ((Today^' s RSI - Lowest RSI Low in %K Periods)/(Highest RSI High in %K Periods - Lowest RSI Low in %K Periods))∙ 100

Low: Average = 3-period moving average of Stochastic RSI; using a 1-period moving average of Stochastic RSI eliminates this slowing of the Stochastic RSI