I have been asked by several people for a Strategy based on the ES Stoch RSI Alert so here it is. The strategy has an adjustable backtest date range so that you can adjust the test time period to whatever you like. This strategy is based on a script by fskrypt.
Took my other Log RSI script and plugged in Stochastic RSI to see how divergences play on an oscillator with two lines. Turns out divergences are good at predicting changes in the oscillator but that doesn't mean that the oscillator will always mimic price action.
Log vs. no log is virtually the same.
Credits to
@fskrypt for introducing geometric mean...
So in this indicator I put the improved DMI together with stoch rsi
the area in light blue are buy zone by the improved DMI
the area in light red are potential sell zone by the improved DMI
the green columns are stoch rsi crossing up
the red columns are stoch rsi crossing down
Standard Stoch RSI with some color modification. 0 - 20 = Really Bearish (Dark Red Zone) 20 - 50 = Bearish (Light Red Zone) 50 - 80 = Bullish (Light Blue Zone) and 80 - 100 = Really Bullish (Strong Blue Zone). Thick lines at top and bottom to easily see 100 and 0.
Indicator for getting StochRSI reading while looking at RSI.
White background plots RSI lows and highs over lookback period. (14 is the default)
Both lines are smoothed like original RSI.
This is an oscillator.
Buy on zero cross from below.
Sell on zero cross from above.
It prevents risky buys when price is too high and too low. It is capable of recognizing long bear runs to prevent you prom buying
Best used with Bollinger Bands.
Based on RSI and Stochastic RSI
Allows user to view stochastic RSI from two different time frames.
Each stochastic RSI indicator is fully customizable, offering the following options:
- Timeframe
- RSI source
- RSI length
- Stochastic length
- Stochastic average length
- Stochastic smoothing length
Usage:
Comparing stochastic RSI across two different time frames can sharpen trades. For...
This indicator is a combination of the following three slow stochastics commonly used.
ⓐ 5 - 3 - 3
ⓑ 10 - 6 - 6
ⓒ 20 - 12 - 12
( n - %k - %d )
I hope it helps. Thanks.
<한국어>
일반적으로 많이 사용하는 다음 3개의 슬로우 스토케스틱을 하나로 합친 지표입니다.
ⓐ 5 - 3 - 3
ⓑ 10 - 6 - 6
ⓒ 20 - 12 - 12
( n - %k - %d )
도움이 됐으면 좋겠습니다. 감사합니다.
