Oscillator RsiSto Oscillator

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RsiSto is based on Money Manager Don Beasley's concept of ranking funds with an indicator that is the sum of a short term stochastic and Rsi. Beasley takes 1/2 of the sum so the indicator will vary from zero to 100. The Stochastic indicator has parameters of 21, 13, 1 or 34, 21, 1 depending on which market is dominant, either the NASDAQ or the NYSE and uses the common 14 day Rsi (Relative Strength Index).

The HeadsUp.ini script also uses the same indicator.

Mike Burk, of Tools for Timing, uses the same ranking indicator but structures it as an oscillator that varies from -100 to +100. This version of RisSto uses the Burk method. Stochastic parameters are 28, 13, 1 which are added to Rsi(14). 28 is half way between 21 and 34.

The Metastock formula is:​

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RsiSto Oscillator

(100 *
( Mov(
(C - LLV(C, 28)) / (HHV(C, 28)) -
LLV(C, 28), 13, E))) +
RSI(14) -
100​