Registered User Joined: 11/14/2005 Posts: 77
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Hi,
Can I plot Stochastic indicator based on RSI(14)?
Thank you
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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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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