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StochRSI Pro

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Regular Price $296 Special Price $163

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Product Description

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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).

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  1. product_image StochRSI Pro $$
    5 5

    Great Resource for Custom Indicators

    ninZa.co is a great resource for custom programming for NinjaTrader. The owner is very talented and also very responsive to my needs. He has made himself available nearly every hour or day of the week for me and is incredibly helpful. ninZa.co is head and shoulders above the others I have used.

  2. product_image StochRSI Pro $$
    5 5

    Most Powerful Indicators & Excellent Customer Service

    I own several ninZa.co studies and I wouldn’t buy from any other vendors. They sell the most powerful indicators that get updated constantly. They also offer sales so often being a loyal customer to ninZa.co definitely pays off. The customer service is excellent and the support staff is very helpful and will do remote troubleshooting to help you get back to trading. If you are not buying from ninZa.co you are missing out on the best indicators and company with the best customer support.

  3. product_image StochRSI Pro $$
    5 5

    Can’t give a higher recommendation!

    I’ve owned several ninZa.co studies and I wouldn’t trade without them. Second to none! Besides the indicators, there is an excellent support staff always available.

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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