OPEN-SOURCE SCRIPT
Neeson Stoch RSI Pro Ultra
NEESON STOCH RSI PRO ULTRA
📊 Overview
The Neeson Stoch RSI Pro Ultra enhances the traditional Stochastic RSI with dual-line analysis, dynamic bands, and advanced divergence detection specifically optimized for oscillator behavior.
🎯 Key Features
1. Dual-Line Stoch RSI System
Fast Line (%K): Primary Stochastic RSI line
Slow Line (%D): Signal line (optional display)
Cross-confirmation for reliable signals
2. Optimized Dynamic Bands
Specially calibrated for Stoch RSI range (0-100)
Upper Band: 80 ± (Volatility × Multiplier)
Lower Band: 20 ± (Volatility × Multiplier)
Better suited for oscillator characteristics
3. Advanced Stoch RSI Divergence
Price vs. Stoch RSI divergence detection
Both regular and hidden divergence types
Background highlighting for clear visualization
4. Cross-Confirmed Signals
Buy Signal: Fast line crosses above lower band AND above slow line
Sell Signal: Fast line crosses below upper band AND below slow line
Enhanced reliability through multiple confirmations
⚙️ Parameter Settings
Stoch RSI Parameters
RSI Length: Base RSI calculation period (default: 14)
Stochastic Length: Window for Stoch calculation (default: 14)
%K Smoothing: Smoothing period for fast line (default: 3)
%D Smoothing: Smoothing period for slow line (default: 3)
Dynamic Bands
Volatility Period: Volatility calculation window (default: 20)
Volatility Multiplier: Band adjustment sensitivity (default: 1.5)
Enable Dynamic Levels: Toggle dynamic adjustment
Divergence & Display
Divergence Lookback: Bars to search for patterns (default: 90)
Show Regular/Hidden Divergence: Toggle divergence types
Show Slow Line: Display %D signal line
Show Cloud Zones: Overbought/oversold visualization
📈 Interpretation Guide
Overbought/Oversold Levels
Overbought: Fast line above dynamic upper band
Oversold: Fast line below dynamic lower band
Cross Confirmation: Fast line above/below slow line
Signal Hierarchy
Basic Signals: Crossover of dynamic bands
Confirmed Signals: Band crossover + line cross confirmation
Strong Signals: Additional divergence confirmation
Stoch RSI Specific Behavior
More sensitive to price movements than standard RSI
Better for identifying momentum shifts
Optimal for range-bound markets
GENERAL FEATURES
🎨 Color System
Both indicators feature:
Pre-set Themes: Professional color combinations
Full Customization: Individual color controls
Dynamic Coloring: Automatic color changes based on conditions
Background Highlighting: Visual area marking
📊 Information Panel
Real-time display showing:
Current indicator values
Dynamic band levels
Market status (Overbought/Oversold/Neutral)
Divergence status
Color-coded for quick interpretation
🔔 Alert System
Configurable alerts for:
Strong buy/sell signals
Divergence detection
Band crossovers
Custom conditions
⚡ Performance Optimization
Efficient calculation methods
Minimal repainting
Fast execution speed
Low resource usage
📊 Overview
The Neeson Stoch RSI Pro Ultra enhances the traditional Stochastic RSI with dual-line analysis, dynamic bands, and advanced divergence detection specifically optimized for oscillator behavior.
🎯 Key Features
1. Dual-Line Stoch RSI System
Fast Line (%K): Primary Stochastic RSI line
Slow Line (%D): Signal line (optional display)
Cross-confirmation for reliable signals
2. Optimized Dynamic Bands
Specially calibrated for Stoch RSI range (0-100)
Upper Band: 80 ± (Volatility × Multiplier)
Lower Band: 20 ± (Volatility × Multiplier)
Better suited for oscillator characteristics
3. Advanced Stoch RSI Divergence
Price vs. Stoch RSI divergence detection
Both regular and hidden divergence types
Background highlighting for clear visualization
4. Cross-Confirmed Signals
Buy Signal: Fast line crosses above lower band AND above slow line
Sell Signal: Fast line crosses below upper band AND below slow line
Enhanced reliability through multiple confirmations
⚙️ Parameter Settings
Stoch RSI Parameters
RSI Length: Base RSI calculation period (default: 14)
Stochastic Length: Window for Stoch calculation (default: 14)
%K Smoothing: Smoothing period for fast line (default: 3)
%D Smoothing: Smoothing period for slow line (default: 3)
Dynamic Bands
Volatility Period: Volatility calculation window (default: 20)
Volatility Multiplier: Band adjustment sensitivity (default: 1.5)
Enable Dynamic Levels: Toggle dynamic adjustment
Divergence & Display
Divergence Lookback: Bars to search for patterns (default: 90)
Show Regular/Hidden Divergence: Toggle divergence types
Show Slow Line: Display %D signal line
Show Cloud Zones: Overbought/oversold visualization
📈 Interpretation Guide
Overbought/Oversold Levels
Overbought: Fast line above dynamic upper band
Oversold: Fast line below dynamic lower band
Cross Confirmation: Fast line above/below slow line
Signal Hierarchy
Basic Signals: Crossover of dynamic bands
Confirmed Signals: Band crossover + line cross confirmation
Strong Signals: Additional divergence confirmation
Stoch RSI Specific Behavior
More sensitive to price movements than standard RSI
Better for identifying momentum shifts
Optimal for range-bound markets
GENERAL FEATURES
🎨 Color System
Both indicators feature:
Pre-set Themes: Professional color combinations
Full Customization: Individual color controls
Dynamic Coloring: Automatic color changes based on conditions
Background Highlighting: Visual area marking
📊 Information Panel
Real-time display showing:
Current indicator values
Dynamic band levels
Market status (Overbought/Oversold/Neutral)
Divergence status
Color-coded for quick interpretation
🔔 Alert System
Configurable alerts for:
Strong buy/sell signals
Divergence detection
Band crossovers
Custom conditions
⚡ Performance Optimization
Efficient calculation methods
Minimal repainting
Fast execution speed
Low resource usage
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.