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StochRSI Pro

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Product Description

Top 5 best-selling products loved by traders over the past 3 months:

PANA Kanal - Breakout Hunter - Imbalance Profile Lidar - SpaceGPS Satellite - Multi-Timeframe Fu$ion

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Our StochRSI Pro oscillator is an enhanced version of StochRSI, which is an excellent combination of the original Stochastic and RSI indicators. It was developed to take advantage of both these famous momentum indicators to create a more sensitive oscillator.

Like a traditional Stochastic oscillator, StochRSI Pro alerts traders about the overbought and oversold areas. However, instead of taking price data as an input, StochRSI Pro uses the RSI value in its formula. Since RSI is a derivative of price, StochRSI is the 2nd derivative of price.

As the RSI now becomes the input value instead of the standard price data, traders can see that this oscillator travels quickly from overbought to oversold or vice versa - much more quickly than the traditional Stochastic or RSI indicator.

One important note is that overbought doesn't directly tell that the price will fall, just as oversold doesn't guarantee the price will rally. Instead, the overbought and oversold conditions just alert traders that the RSI value is near the extremes of its scale, and then you can start looking for a retracement on reversal on the price action.

Dedicated NinjaScript signals:
  • Signal_State: 1 = overbought, -1 = oversold, 0 = middle
  • Signal_Trade: 1 = %K cross above %D in oversold, -1 = %K cross below %D in overbought, 0 = no signal

Software Changelog

  • 14 Aug 2024 - The "Brush series exceeds the maximum number (65535) of unique brushes" error was fixed.
  • 20 Jul 2023 - The "Zone Enabled" feature was added; the logic was revised to run in multiple modes.
  • 10 Jun 2023 - The logic for calculating the Signal state was upgraded.
  • 10 May 2023 - The logic was reviewed to only display bearish signals when oversold and bullish signals when overbought.
  • 10 Mar 2023 - The indicator was released (build new).

Product Media

These media materials may have been recorded/captured in favorable markets. Please review our acceptable marketing practices.

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From very happy customers... 500+ reviews →
  1. product_image StochRSI Pro $$
    5 5

    Embracing RenkoKings Platinum: A Remarkable Trading Journey with Exceptional Indicators

    I am very pleased to be a part of the RenkoKings Platinum family through ninZa.co. Setup was a little confusing for me but Robin took care of things right away and was very responsive to my needs. I would recommend that all traders check out ninZa.co trading and its indicators; they are a cut above the rest in a very crowded, competitive market for trading indicators. You'll be very glad you did!

  2. product_image StochRSI Pro $$
    5 5

    Top-Notch Support

    The indicators at ninZa.co are of very high quality. Both free and paid ones. I have tried indicators from other sources but Larry Pi's indicators are still unbeatable! Support is fast and prompt too. I reported an indicator display issue due to my unique monitor scaling setup and it got fixed within 24 hours. Very impressive speed and keep up the good work!

  3. product_image StochRSI Pro $$
    5 5

    Nice Little Gadget!

    The alert indicator is a nice little gadget that allows me to do other things and when it hits I get a text and screen alert. Thanks for making it easy.

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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