Rain On Me Indicator, As the name suggests this indicator will make money rain on you. More seriously, this indicator contains : This indicator contains:
-Bullish and bearish RSI divergences showing on chart with alerts. -Parabolic SAR with Labels on chart with buying or selling alerts. -3 Moving Average (MA 1 : 7, MA 2 : 21 MA 3 HIDDEN : 50 (Cross alerts for Pullback) -Customizable Bollinger band -Fibonacci on 10 levels with the level 0 to the middle. This Fibonacci help a lot since it can let you find easily entry/exit point, trend and even where to place your Take Profit and Stop Loss. It have alerts for most important levels (0.382, 0.§, 0.618) for Crossunder and Crossover in Bullish or Bearish trend. -Fully Customizable Ichimoku Cloud. -Trend Buy/Sell Labels on chart with buying or selling signal alerts. -Trend color visible on candles.
If an alert trigger of Buy/Sell Signal with the same alert based on PSAR, so you can be confident to enter in position. Alway checking fibs level that is the key thing with this indicator. the script has been set to have the best possible results on as many market as possible. But.best result for zfter backtesting is on
So that you can avoid having to set it again, whether it be in minutes, hours, days, months. So you can easily trade in the mode that suits you best. It works well on everything from indices to forex to commodities etc. I thank all those who allowed me to carry out this project. IF you feelt free to give your ideas, suggestions, for improve it by sending me messages. This is really a first version sp it may contain bugs / errors that will be fixed over time.
Rain On Me Indicator, As the name suggests this indicator will make money rain on you. More seriously, this indicator contains : This indicator contains:
-Bullish and bearish RSI divergences showing on chart with alerts. -Parabolic SAR with Labels on chart with buying or selling alerts. -3 Moving Average (MA 1 : 7, MA 2 : 21 MA 3 HIDDEN : 50 (Cross alerts for Pullback) -Customizable Bollinger band -Fibonacci on 10 levels with the level 0 to the middle. This Fibonacci help a lot since it can let you find easily entry/exit point, trend and even where to place your Take Profit and Stop Loss. It have alerts for most important levels (0.382, 0.§, 0.618) for Crossunder and Crossover in Bullish or Bearish trend. -Fully Customizable Ichimoku Cloud. -Trend Buy/Sell Labels on chart with buying or selling signal alerts. -Trend color visible on candles.
If an alert trigger of Buy/Sell Signal with the same alert based on PSAR, so you can be confident to enter in position. Alway checking fibs level that is the key thing with this indicator. the script has been set to have the best possible results on as many market as possible. But.best result for zfter backtesting is on
If you feelt free to give your ideas, suggestions, for improve it by sending me messages. This is really a first version sp it may contain bugs / errors that will be fixed over time.
Good trade to all ! And don't forget, money management is the most important!
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Minor Improvement : Removed TrackPrice Blue Line from the middle for better visibility.
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FIX : Double "BUY" message In alert.
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-"Show PSAR" checkbox option added. -"Show Bar Trend Color" checkbox option added. -Some minor improvements.
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-Some minor improvements.
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-Some minor improvements.
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-FIX "Show Bollinger" Checkbox not working. -Minors improvements.
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-New S/R Lines Major Zone Function added (can help to set TP and SL). -New more accurate Buy/Sell Algorithm. But you still have to wait trigger confirmation on chart when an alert fire on it. -"Show PSAR Labels" is now unchecked by default for more visibility on chart. -"New checkbox for "Ichimoku BaseLine". -Improved "Bar Trend Color". -Some minors improvements.
don't forget, alway choose the "Once per bar" option when you set an alert.
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-Buy/Sell Labels is now more smaller for better visibility.
//ALWAYS DELETE ALERTS AND RESET THEM AFTER AN UPDATE!
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-Removed "S/R Lines Zones" option because it was not efficient enough. A new "S/R Major Zones System" will coming soon. -And so because the removed option "SR Lines Zones" the "Show Ichimoku Baseline" was removed too. It was here for more visibility when "S/R Lines Major Zone" was activated. -Code improve for easier reading of it. -Fixed some minor issues.
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-Added checkbox "Show Buy/Sell Volume Labels" option in settings. If you check that box you have to uncheck "Show Buy/Sell Labels" and vice-versa to avoid conflicts. This option will not work in markets where volume information feeds are unavailable. But it displays the labels that after confirmation without them disappearing from the chart.
-Changed name of "MA 1" "MA 2" "MA 3" by their source name (WMA1, WMA2, SMA).
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-Going back to last version since the "Buy/Sell Volume" option still not drawing labels with confirmation on chart when we got an alert firing. this option will be fixed in the next update.
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-Added new checkbox option "Show SAR Buy/Sell Volume Labels" in settings. If you check that box you have to uncheck "Show ATR Buy/Sell Labels" and vice-versa to avoid conflicts. This option work on a different algorithm than the "PSAR Labels". It work better than ATR Buy/Sell for higher TF and it draw the labels on chart with confirmation without disappearing and reappearing which is a good option when an alert firing ;)
-Minor improvements.
//ALWAYS DELETE INDICATOR AND ALERTS AND RESET THEM AFTER AN UPDATE!
don't hesitate to report bugs, suggestions and follow me to always be kept informed of the next updates to come!
Thank again for your support!
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-Minor Improvements.
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- Minor Improvements (Again)
Also, In my last big update (posted few minutes ago) I was specifying that you will have to delete indicator and alerts and reset them at every update but don't worry guys, there will be no update for long time now since this update is very stable ! just ENJOY IT !
I also made a small typo when writing that the new option was called "Show SAR Buy/Sell Volume Labels" option instead of "Show SAR Buy/Sell Labels", but be aware that this is because I am tired ... :) I've been working tirelessly on this script almost every night since posting it to make it as good as possible and keep the community happy. Hope you enjoy it! V1 is now operational!
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-NEXT UPDATE WILL BE V2.
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-Last Minor Improvements. (For sur) ;)
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-The text of the SAR Buy/Sell labels has been changed to uppercase and there is no more conflicts between the ATR and SAR Buy/Sell options. You can activate both at the same time following the request of several users. Note that the indicator is stable but always subject to bug fixes or additions of functions according to your requests! So don't hesitate!
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-More visibility in the code.
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Following the request of several users, modifications and additions / deletions of the following functions were carried out:
-Removal of the Buy / Sell function based on ATR to make room for the new algorithm and avoid conflicts and make the settings interface more "user friendly".
-Return of the "Show Bar Color" box in the settings.
-Added a "Show TP Labels" box in the settings with the possibility of adding alerts.
-Added a "Show Trend Line" box in the settings with MTF functionality allowing to display on the chart a trend line changing from green (upward trend) to red (downward trend) and always know the real trend in which you are. -Minor improvements.
//ALWAYS DELETE INDICATOR AND ALERTS AND RESET THEM AFTER AN UPDATE!
don't hesitate to report bugs, suggestions and follow me to always be kept informed of the next updates to come!
Thank again for your support!
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-Replacement of the "Buy/Sell" algorithm with the old one based on ATR which I think was more efficient. By default the ATR period is set to 7 and the Multiplier to 3 which seems to me to be an effective setting for short periods. You can play with it according to your needs.
-Removed TP option which was also unnecessary.
-Return of the "Show Bar Color" box in the settings.
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-ATR period value replaced to 14 and Multiplier to 2.
@saopaulo2000g, Look at my profil then script. You will find it here. i am not allowed to post the link here. Thank you for your support!
anupamlahoti
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Looks superb. Combined all indicator in one will test it on indian stock market index and stocks. Once testing done will update the same.
Lurtyer11
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Showing error ,Memory limit exceeded ,V2 also .
mariadocarmoacruz
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Hello,
I'm new here, and I got lost with this indicator.
Can you explain the logical behind the indicator? Our give me some place where I can understand the logic behind it!
Thank you so much!
RickSimpson
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@mariadocarmoacruz, What do you mean by « the logic behind it? » it’s an « all in indicator». The logic is to configure the ATR for Buy/Sell signal as you want and the PSAR. You can configure everything in settings. Also, you can set alerts for almost everything. I don’t know how to be more clear than I wrote it in the description. Please ask me exactly what you want to know. Thank you !
: if you don’t know what is options used in this indicator I suggest you to look into some tutorial first ;)
DavidRST3
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thanks for this, which settings do i choose to give me the buy and sell alerts?
RickSimpson
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@DavidRST3, Hello, you should use the « GO Buy» and «GO Sell» alerts ;)