StockFetcher Forums · Filter Exchange · StochRSI(14) question<< >>Post Follow-up
glgene
534 posts
msg #60935
Ignore glgene
4/1/2008 11:49:27 AM

Having trouble with a simple script that would show stocks that crossed above StochRSI(14) at .20

The .20 is messing me up. ?????

maxreturn
745 posts
msg #60936
Ignore maxreturn
4/1/2008 12:00:55 PM

Gene, this seems to work for me:

Fetcher[stochrsi(14) crossed above .2]



Regards
Max

glgene
534 posts
msg #60970
Ignore glgene
4/2/2008 6:53:37 AM

Thanks. Don't know why I didn't try that.

glgene
534 posts
msg #60972
Ignore glgene
4/2/2008 10:04:08 AM

Max,

When I use the script, "StochRSI(14) crossed above .20"

the chart reflects StochRSI(14,3). What does the 3 mean? How would I get around the 3?

maxreturn
745 posts
msg #60973
Ignore maxreturn
4/2/2008 10:13:07 AM

Hello Gene. Go to the home page and on the right hand side of the page you'll find the "Help" section underneath the "MyAccount" section. Click on "Indicator Index". Locate StochRSI and click on it. That will give you an explanation of the construction of this indicator.

nikoschopen
2,824 posts
msg #60977
Ignore nikoschopen
4/2/2008 11:40:08 AM

By definition, the StochRSI is constructed by applying the formula used for the stochastic on the RSI. So my guess is that the StochRSI(14,3) refers to the 3-period stochastic setting applied to the RSI(14).

Note that you can also change the second parameter to any other number beside 3 (eg. StochRSI(14,7) above 30).

glgene
534 posts
msg #60995
Ignore glgene
4/2/2008 4:46:36 PM

Niko, Thanks, too, for your help.

I simply get different charting results. One I use StochRSI(14) and the other (inside Stockfetcher) at StochRSI(14,3). The example in the Stockfetcher manual uses StochRSI(14,14). Do you think StochRSI(14) and StochRSI(14,14) would produce the same results?

glgene
534 posts
msg #60997
Ignore glgene
4/2/2008 4:51:58 PM

Here are the results for today:

stochrsi(14) crossed above .20 === 584 matches

stochrsi(14,3) crossed above .20 === 584 matches

stochrsi(14,14) crossed above .20 == 414 matches

Thus, stochrsi(14) must have an implied 3 as the second integer
I still don't understand what the 2nd number represents.

nikoschopen
2,824 posts
msg #61004
Ignore nikoschopen
modified
4/2/2008 6:14:17 PM

If you break down the StochRSI(14,3), you would essentially get the following:

code

StochRSI(14,3) =
(Today's RSI(14) - lowest RSI(14) over the last 3 days)
覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧覧
(highest RSI(14) over the last 3 days - lowest RSI(14) over the last 3 days)


StockFetcher Forums · Filter Exchange · StochRSI(14) question<< >>Post Follow-up

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