OPEN-SOURCE SCRIPT
[blackcat] L2 SVE Stochastic RSI
Level 2
Background
Sylvain Vervoort’ articles in the Aug issues on 2018,“The V-Trade, Part 6”.
Function
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. Vervoort uses his new indicator primarily in the analysis of divergence.
Remarks
Tradingview official stoch RSI is added for comparison.
Feedbacks are appreciated.
Background
Sylvain Vervoort’ articles in the Aug issues on 2018,“The V-Trade, Part 6”.
Function
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. Vervoort uses his new indicator primarily in the analysis of divergence.
Remarks
Tradingview official stoch RSI is added for comparison.
Feedbacks are appreciated.
Script open-source
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