ChaosTrader

StochRSI

StorchRSI indicator example.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?
//Developed by Tushar Chande and Stanley Kroll.
//Robert C. Miner calls it by his proprietary name, Dynamic Trader Oscillator or DTOsc and his considerable
//  innovations   were to set the oversold level at 25, set the overbought level at 75,
//  and to come up with 4 special settings:  8,5,3,3  13,8,5,5  21,13,8,8  34,21,13,13 
//  His High Probability Trading Strategies is one of the best books ever written on trading.
study(title="StochRSI", shorttitle="StochRSI")
source = close
lengthRSI = input(8, minval=8), lengthStoch = input(5, minval=5)
smoothK = input(3,minval=3), smoothD = input(3,minval=3)
OverSold = input(25), OverBought = input(75)
rsi1 = rsi(source, lengthRSI)
k = sma(stoch(rsi1, rsi1, rsi1, lengthStoch), smoothK)
d = sma(k, smoothD)
hline(OverSold,color=blue)
hline(OverBought,color=blue)
plot(k, color=black,title="k-line")
plot(d, color=fuchsia,title="d-line",linewidth=1)