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StochRSI Pro

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Product Description

Are you a fan of Fibonacci, but don't have time to draw manually?
Check out our latest product, with a super cool offer! 

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

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

    Re: Smart Ruler

    Thanks for creating this awesome indicator Smart Ruler!! It has saved me lots of time. Customer support is great, and he is very talented at what he does. I would recommend not only this product but all his products. I have not tried all of them, but I am sure it is great just like this one!!

  2. product_image StochRSI Pro $$
    5 5

    MA Crossover Alert and Quick Drawing

    I asked Pi to make this indicator, MA CROSSOVER ALERT, for me and he did it in one week and it came out perfect. AND, it only cost $20!!! Plus, I had my own problems setting it up and he helped me on a Sunday...Very cool. I am stoked! I also love the QUICK DRAWING tool!

  3. product_image StochRSI Pro $$
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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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