CCT StochRSI [LazyBear]

2 May 2015

CCT StochRSI, proposed by Steve Karnish of Cedar Creek Trading, reconfigures classic StochRSI using custom parameters and smoothing.

There are 6 types supported.

Common formula:
(rsi - lowest(rsi, x)) / (highest(rsi, y) - lowest(rsi, z)) * 100

Smoothed formula:
ema(common formula result, len)

Settings (values for x/y/z/len in the above formulae):

• Type 1: RSILength=21, x=8, y=13, z=13, len=N/A
  
• Type 2: RSILength=21, x=21, y=21, z=21, len=N/A
  
• Type 3: RSILength=14, x=14, y=14, z=14, len=N/A
  
• Type 4: RSILength=21, x=13, y=8, z=13, len=8
  
• Type 5: RSILength=5, x=5, y=5, z=5, len=3
  
• Type 6: RSILength=13, x=13, y=13, z=13, len=3
  

Apart from these default types, this also supports user-specified custom type (select "0" for "Type" option).

All 6 types:


CCT StochRSI compared against normal StochRSI:


List of my public indicators: bit.ly/1LQaPK8
List of my app-store indicators: blog.tradingview.com/?p=970