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Published:

2019.01.26 02:13

SVE Stochastic RSI.mq5 (16.55 KB) view

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Theory :

In “The V-Trade, Part 6: Technical Analysis—Divergence Indicators” in the August 2018 issue of STOCKS & COMMODITIES, author Sylvain Vervoort introduces a modified version of the stochastic RSI, an indicator that was first introduced by Tushar Chande and Stanley Kroll. That indicator applies a stochastic calculation to an RSI value rather than a simple value, and Vervoort’s update provides additional smoothing.

Usage :

It can be used as any similar stochastic RSI indicator

Kirshenbaum bands

Donchian channel - extended

Smoother levels

Smoother with self adjusting levels

McClellan Oscillator - smoother

McClellan Oscillator - using "smoother" for calculations

SVE Stochastic RSI - indicator for MetaTrader 5