StochRSI Pro

Regular Price $296 Special Price $237

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Product Description

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

  • 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).

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    I got my Divergence Engine$ yesterday and love it. I had marked up a chart using Superior MACD on an 8/2 ninZaRenko chart and I was amazed at how they were almost exactly the same when I applied your indicator. Wow! It is exactly what I wanted. Can't wait to start using it on the NQ tonight.

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    5 5

    Innovative Ordering

    Innovative Ordering is a very effective, no-nonsense tool for fast order placement in charts. Thanks also for the fast and favorably priced individual adaptation!

  3. product_image StochRSI Pro $$
    5 5

    Great Product and Prompt After-Sale Enquires

    Thanks Larry Pi for a great product and the prompt after-sale enquires I had, it was up and running in no time, working as stated.

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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