Combining a Customized STORSI with the Rahul Mohindar Oscillator

Summary

This post presents a custom oscillator that combines a modified STORSI with the Rahul Mohindar Oscillator (RMO). The STORSI component averages a relative-strength-style measure of gains and losses with a measure of the close within its recent high-low range. It then smooths that line and its combination with another average to create a proposed trigger. The RMO component applies a sequence of short moving averages to price, measures price relative to a recent range, and smooths that measure with an exponential average.

The author says the combined display is intended to help identify triggers and indicate whether conditions are bullish or bearish. The post supplies indicator code but no chart examples, explicit entry or exit rules, backtest, or performance results. It describes some settings as selected by trial and error, so their suitability is not established. The displayed bull-bear reference is fixed at zero, and users should verify the implementation, edge cases, and interpretation on their chosen market and timeframe before relying on it.

Key ideas

• The custom STORSI blends a relative-strength measure with the close's location in a recent price range.
• A smoothed combination of the STORSI line and its average is presented as a potential trigger.
• The RMO component smooths price displacement from a short-average baseline relative to a recent range.
• The author intends the combined display to provide trigger and broad bull-or-bear context.
• The post gives no backtest, quantified results, or fully specified trading rules.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.