This indicator displays the distance in percentage between the highest and lowest points in a given period of time, compares them and determines which side has more dominance.
CCT StochRSI, proposed by Steve Karnish of Cedar Creek Trading, reconfigures classic StochRSI using custom parameters and smoothing.
There are 6 types supported.
Common formula:
(rsi - lowest(rsi, x)) / (highest(rsi, y) - lowest(rsi, z)) * 100
Smoothed formula:
ema(common formula result, len)
Settings (values for x/y/z/len in the above formulae):
Type...
![BTCUSD: CCT StochRSI [LazyBear]](https://s3.tradingview.com/t/T1IH3ijF_mid.png "CCT StochRSI [LazyBear]")
