gbStochRSIv2, Ver 2.0, TraderGB, July 7, 2021
Description:
This is the Stochastic RSI oscillator by Chande and Kroll. Most implementations of this indicator use only a single length for both RSI and Stochastic calculations. This implementation allows separate input for each. In addition, an input is included for weighted smoothing of the results, which is actually double smooth. The results are adjusted to range between +100 and -100. A common calculation used by Ehlers to do signal lines is employed here.
References:
* The New Technical Trader, Tushar S. Chande and Stanley Kroll, 1994, p 124-133
Updates:
2021-05-30: Added opacity for plots.
2021-07-07: (Ver 2.0) Made updates on color/opacity/alerts per request.
Category NinjaTrader 8 Indicators and More
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