Hi is there someone that could help. I need an indicator which is a combination of the Stocastic and RSI indicators to use it in trading divergence.
The formula on another charting system is as follows:
{ Relative Strength Index}
rsi_r:= (CLOSE - ref(CLOSE,-1));
rsi_rs := Wilders(if(rsi_r>0,rsi_r,0),Periods) / Wilders(if(rsi_r<0,Abs(rsi_r),0),Periods);
RS:= 100-(100/(1+rsi_rs));
{Stochastic RSI Oscillator}
StRSI := Mov( ( ( ( RS - LLV( RS,PerK ) ) /
( HHV(RS,PerK) - LLV( RS,PerK) ) ) * 100 ) , Sl, E );
I've included an attachment to show how it looks on a chart. And what settings are available
The Settings are 8,8,3
I'm no programmer and would like to have this indicator available on MT4.
The formula on another charting system is as follows:
{ Relative Strength Index}
rsi_r:= (CLOSE - ref(CLOSE,-1));
rsi_rs := Wilders(if(rsi_r>0,rsi_r,0),Periods) / Wilders(if(rsi_r<0,Abs(rsi_r),0),Periods);
RS:= 100-(100/(1+rsi_rs));
{Stochastic RSI Oscillator}
StRSI := Mov( ( ( ( RS - LLV( RS,PerK ) ) /
( HHV(RS,PerK) - LLV( RS,PerK) ) ) * 100 ) , Sl, E );
I've included an attachment to show how it looks on a chart. And what settings are available
The Settings are 8,8,3
I'm no programmer and would like to have this indicator available on MT4.
Attached File(s)
Stocastic RSI Indicator.doc
131 KB
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