Indicator Stochastic RSI is a stochastic calculated on the data of Relative Strength Index (RSI)
It has six adjustable parameters:
- Stochastic %K period – stochastic %K line calculation period
- Stochastic %D period – stochastic %D line calculation period
- Stochastic slowing – stochastic slowing calculation period
- RSI period – RSI calculation period
- Overbought – overbought level
- Oversold – oversold level
Calculations:
SK = AvgSKI
SD = AvgSK
where:
AvgSKI = SMA(SKI,Stochastic slowing)
AvgSK = SMA(SK, Stochastic %D period)
SKI = (RSI – Min) / (Max-Min) * 100.0
Max, Min – the highest and the lowest values of RSI within the range of Stochastic %K period
RSI – Relative Strength Index(Close, RSI period)
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