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STORSI Smoothed

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bharatbaba363

This document defines a study for generating smoothed stochastic RSI buy and sell signals on a chart. It takes the close prices as input, calculates the RSI using an exponential moving average, then applies a stochastic oscillator to the RSI values. It further smooths the stochastic output using Ehlers' super smoother and applies two moving averages to filter the signals. Buy and sell signals are plotted when the smoothed stochastic crosses above and below the moving averages while also meeting curvature requirements.

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STORSI Smoothed

Uploaded by

bharatbaba363
142 views2 pages
This document defines a study for generating smoothed stochastic RSI buy and sell signals on a chart. It takes the close prices as input, calculates the RSI using an exponential moving average, then applies a stochastic oscillator to the RSI values. It further smooths the stochastic output using Ehlers' super smoother and applies two moving averages to filter the signals. Buy and sell signals are plotted when the smoothed stochastic crosses above and below the moving averages while also meeting curvature requirements.

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Stochastic RSI Smoothed Afl

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This document defines a study for generating smoothed stochastic RSI buy and sell signals on a chart. It takes the close prices as input, calculates the RSI using an exponential moving average, then applies a stochastic oscillator to the RSI values. It further smooths the stochastic output using Ehlers' super smoother and applies two moving averages to filter the signals. Buy and sell signals are plotted when the smoothed stochastic crosses above and below the moving averages while also meeting curvature requirements.

Copyright:

© All Rights Reserved
Download as TXT, PDF, TXT or read online from Scribd
Download as txt, pdf, or txt
142 views2 pages

STORSI Smoothed

Uploaded by

bharatbaba363
This document defines a study for generating smoothed stochastic RSI buy and sell signals on a chart. It takes the close prices as input, calculates the RSI using an exponential moving average, then applies a stochastic oscillator to the RSI values. It further smooths the stochastic output using Ehlers' super smoother and applies two moving averages to filter the signals. Buy and sell signals are plotted when the smoothed stochastic crosses above and below the moving averages while also meeting curvature requirements.

Copyright:

© All Rights Reserved
Download as TXT, PDF, TXT or read online from Scribd
Download as txt, pdf, or txt
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//@version=3

study(title="Smoothed Stochastic RSI [Krypt]", shorttitle="ES Stoch RSI [Krypt]",


precision=1)

PI = 3.14159265359

drop1st(src) =>
x = na
x := na(src[1]) ? na : src

xlowest(src, len) =>


x = src
for i = 1 to len - 1
v = src[i]
if (na(v))
break
x := min(x, v)
x

xhighest(src, len) =>


x = src
for i = 1 to len - 1
v = src[i]
if (na(v))
break
x := max(x, v)
x

xstoch(c, h, l, len) =>


xlow = xlowest(l, len)
xhigh = xhighest(h, len)
100 * (c - xlow) / (xhigh - xlow)

Stochastic(c, h, l, length) =>


rawsig = xstoch(c, h, l, length)
min(max(rawsig, 0.0), 100.0)

xrma(src, len) =>


sum = na
sum := (src + (len - 1) * nz(sum[1], src)) / len

xrsi(src, len) =>


msig = nz(change(src, 1), 0.0)
up = xrma(max(msig, 0.0), len)
dn = xrma(max(-msig, 0.0), len)
rs = up / dn
100.0 - 100.0 / (1.0 + rs)

EhlersSuperSmoother(src, lower) =>


a1 = exp(-PI * sqrt(2) / lower)
coeff2 = 2 * a1 * cos(sqrt(2) * PI / lower)
coeff3 = -pow(a1, 2)
coeff1 = (1 - coeff2 - coeff3) / 2
filt = na
filt := nz(coeff1 * (src + nz(src[1], src)) + coeff2 * filt[1] + coeff3 *
filt[2], src)

smoothK = input(10, minval=1, title="K")


smoothD = input(3, minval=1, title="D")
lengthRSI = input(14, minval=1, title="RSI Length")
lengthStoch = input(14, minval=1, title="Stochastic Length")
showsignals = input(true, title="Buy/Sell Signals")
src = input(close, type=source, title="Source")

ob = 80
os = 20
midpoint = 50

price = log(drop1st(src))
rsi1 = xrsi(price, lengthRSI)
rawsig = Stochastic(rsi1, rsi1, rsi1, lengthStoch)
sig = EhlersSuperSmoother(rawsig, smoothK)
ma = sma(sig, smoothD)

plot(sig, color=#0094ff, title="K", transp=0)


plot(ma, color=#ff6a00, title="D", transp=0)
lineOB = hline(ob, title="Upper Band", color=#c0c0c0)
lineOS = hline(os, title="Lower Band", color=#c0c0c0)
fill(lineOB, lineOS, color=purple, title="Background")

// Buy/Sell Signals

// use curvature information to filter out some false positives


mm1 = change(change(ma, 1), 1)
mm2 = change(change(ma, 2), 2)
ms1 = change(change(sig, 1), 1)
ms2 = change(change(sig, 2), 2)

sellsignals = showsignals and (mm1 + ms1 < 0 and mm2 + ms2 < 0) and crossunder(sig,
ma) and sig[1] > midpoint
buysignals = showsignals and (mm1 + ms1 > 0 and mm2 + ms2 > 0) and crossover(sig,
ma) and sig[1] < midpoint

ploff = 4
plot(buysignals ? sig[1] - ploff : na, style=circles, color=#008fff, linewidth=3,
title="Buy Signal", transp=0)
plot(sellsignals ? sig[1] + ploff : na, style=circles, color=#ff0000, linewidth=3,
title="Sell Signal", transp=0)

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