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Worden Discussion Forum » Customer Training & Support » PCFs, EasyScan and Custom Indicators » Stochastic on RSI

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happy1398
Posted : Sunday, April 20, 2008 4:49:47 AM
Registered User
Joined: 11/14/2005
Posts: 77
 Hi, 
Can I plot Stochastic indicator based on RSI(14)?
Thank you
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Bruce_L
Posted : Wednesday, April 23, 2008 11:13:58 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
 You can if the RSI 14 is unsmoothed. In other words, it has the following settings:

- RSI Period: 14
- Use Wilders Smoothing: Unchecked
- Avg Period: 1
- Average Type: Doesn't matter (because the Avg Period is 1).

If you are using these settings, please try the following:

14-Period Raw Stochastic of 14-Period unsmoothed RSI:

100 * (RSI14 - MIN(RSI14,14)) / (MAX(RSI14,14) - MIN(RSI14,14))

You may wish to review the following:

Understanding Stochastics
How to create a Personal Criteria Forumula (PCF)
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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