Noldo

Dow Factor Stoch RSI

The indicator was generated by adding the Dow Factor to the Stochastic Relative Strength Index .( Stoch RSI )

The Dow factor is the effect of the correlation coefficient , which determines the relationship between volume and price, on the existing indicators.
With these codes we are able to integrate them numerically into the indicators.

For more information on the Dow factor, please see my indicator:

This code is open source under the MIT license. ( https://github.com/user-Noldo )

My dow factor updates will continue.We adapted the indicators and saw successful results, now it is time to examine and develop the factor itself.

Stay tuned , best regards.

Catatan Pelepasan: Update : Dow Factor Stoch RSI v2.0
The index factor in the Dow theory was taken into account .
It now takes into account the effect of volume and index - independent variable, the price(source-close) - dependent variable.
Before starting the analysis, select the relevant market from the menu, the system will set the appropriate index itself.
Factor loads were adjusted.
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan
Telegram : @BBN91
Chat : Tradingview Chat
Website : https://www.autonomouscripts.com
E-mail : info@autonomouscripts.com

All invite only scripts are subject to a 15-day free trial period.

Komen

Very useful! Can you do something about repainting?
+1 Balas
Noldo mariuspe
@mariuspe, hi , thanks for your attention . These are improved version but i prefer stochastic rsi because of crossovers and crossunders , regards :
Balas
RMorg Noldo
@Noldo, Did you fix the repainting he mentioned? Because this didn't answer his question
Balas
Another interesting study! thanks
+1 Balas
Noldo wroclai
@wroclai, Your welcome .
Balas
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