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Views:: 17160
Rating:: (26)
Published:: 2016.10.27 16:21
Updated:: 2016.11.22 07:32

stochastic_rsi.mq5 (6.97 KB) view

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Stochastic RSI (sometimes and by some sellers and traders) called DTOSC (dynamic trend oscillator). It is basically a stochastic of rsi.

This version has 6 sub-types it is actually calculating:

Depending on parameters (stochastic 1, stochastic 2 and smoothing) it is :

(x,x,x) a simple RSI
(x,x,n) a smoothed RSI
(n,x,x) or (x,n,x) stochastic RSI in its "classical" way
(n,x,n) or (x,n,n) smoothed stochastic RSI
(n,n,x) double stochastic RSI
(n,n,n) smoothed double stochastic RSI

x -> parameter is less than or equal to 1

n -> parameter is greater than 1

Overbought and oversold zones are marked for easier levels crossings as an aid in decision taking. All the six sub-types should be used following the rules that are usually applied for stochastic and rsi (stochastic being a kind of a "trend" indicator and rsi being a kind of a "momentum" indicator, the combination migh avoid the basic rules, but you shall find out that it is not so dificult to use those two combined rules together)

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A variation on the T3 theme that was made as a sort of envelopes using T3 for basic value.

Stochastic RSI - indicator for MetaTrader 5