StochRSI
StorchRSI indicator example.
//Developed by Tushar Chande and Stanley Kroll. //Robert C. Miner calls it by his proprietary name, Dynamic Trader Oscillator or DTOsc and his considerable // innovations were to set the oversold level at 25, set the overbought level at 75, // and to come up with 4 special settings: 8,5,3,3 13,8,5,5 21,13,8,8 34,21,13,13 // His High Probability Trading Strategies is one of the best books ever written on trading. study(title="StochRSI", shorttitle="StochRSI") source = close lengthRSI = input(8, minval=8), lengthStoch = input(5, minval=5) smoothK = input(3,minval=3), smoothD = input(3,minval=3) OverSold = input(25), OverBought = input(75) rsi1 = rsi(source, lengthRSI) k = sma(stoch(rsi1, rsi1, rsi1, lengthStoch), smoothK) d = sma(k, smoothD) hline(OverSold,color=blue) hline(OverBought,color=blue) plot(k, color=black,title="k-line") plot(d, color=fuchsia,title="d-line",linewidth=1)