mntiwana wrote: Mon Apr 17, 2017 5:09 pm Recursive smoothed stochastic mtf
MLADENS fantastic Recursive smoothed stochastic version mtf by knaimad
all latest 22 prices,depth feature,smoothing,usual 4 averaging methods,floating levels,slope coloring change on slope,middle line cross or outer level cross,alerts and mtf strip in sw.
Recursive smoothed is fun.
The Recursive smoothed stochastic is especially good!
Mladen Rakic says:
The name might be a bit misleading: it is not exactly the same in its calculation as the "double smoothed stochastic" (dss actually has 3 smoothing steps, this one really has 2 smoothing steps — so we might say that this is really double smoothed stochastic), and it adds what the original does not have. It can use prices for start and then each and every next step is using previous step result. The "depth" is limited to 15 simply for practical reasons.
Is it possible to use the Recursive smoothed technique for indicators such as RSI, CCI, WPR, etc.?