Plots the %D line of a Stochastic Oscillator calculated from the RSI of close of length 14. Red Sell Zone above 80, candles paint red Green Buy Zone below 20, candles paint green
This indicator displays the distance in percentage between the highest and lowest points in a given period of time, compares them and determines which side has more dominance.
CCT StochRSI, proposed by Steve Karnish of Cedar Creek Trading, reconfigures classic StochRSI using custom parameters and smoothing. There are 6 types supported. Common formula: (rsi - lowest(rsi, x)) / (highest(rsi, y) - lowest(rsi, z)) * 100 Smoothed formula: ema(common formula result, len) Settings (values for x/y/z/len in the above formulae): Type...