This indicator was developped by Tushard Chande & Stanley Kroll.
The formula is simple. Someone asked me to make an indicator for ProRealTime.
This indicator is limited from values 0 to 1.
You can simply change the colors and add 2 horizontal lines with value 0.2 (oversold) and 0.8 (overbought).
|
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 |
RSI14 = RSI[14](close) MinRSI = lowest[14](RSI[14](low)) MaxRSI = highest[14](RSI[14](high)) StochRSI = (RSI14-MinRSI) / (MaxRSI-MinRSI) IF StochRSI < 0 THEN StochRSI = 0 ENDIF IF StochRSI > 1 THEN StochRSI = 1 ENDIF return StochRSI as "Stoch RSI" |
Share this
No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.
ProRealTime ITF files and other attachments :
Filename : download the ITF files
Find other exclusive trading pro-tools on 
PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials
