PRT_Stochastic RSI v1.1

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01/02/2019 at 10:05 AM #87852

GraHal

To try out an idea quickly I was using the Simplified Creation tool, but the Stochastic RSI is not available / usable in ProBuilder Language. So I looked in our Library and found a PRC Stochastic RSI (thanks to Nicolas, as always) but the output does not look the same as the in-built Stochastic RSI.

I made a fork of the PRC_Stochastic RSI and got the output (lower Indicator attached) to look the same as the inbuilt PRT version (upper Indicator attached).

Then I find the Insert PRT Code wouldn’t work on the Library post (I guess it only works for the original poster of a new Library entry??).

So below is the PRC Stochastic RSI v1.1 for anybody who wants it.

//PRC_Stochastic RSI v1.1 | indicator
//06.12.2016
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//converted and adapted from Pinescript version
//forked by GraHal to look same as PRT Platform inbuilt Stochastic RSI

lengthRSI = 14 //RSI period
lengthStoch = 14 //Stochastic period
//smoothK = 10 //Smooth signal of stochastic RSI
//smoothD = 3 //Smooth signal of smoothed stochastic RSI

myRSI = RSI[lengthRSI](close)
MinRSI = lowest[lengthStoch](myrsi)
MaxRSI = highest[lengthStoch](myrsi)

StochRSI = (myRSI-MinRSI) / (MaxRSI-MinRSI)*100

//K = average[smoothK](stochrsi)*100
//D = average[smoothD](K)

//return K as "K%", D as "D%"

return StochRSI as "StochRSIv1.1"