NOTE: To use together with RocketScalper Long/Short Indicator
About the Rocketscalper+ Indicator
Derives from the RocketScalper Long/Short indicator, was worked on by PM
Used by 180+ users as of today
Was first published on Sept 10, 2019
It had 1 iteration so far.
Will be updated as needed so it keeps giving good outputs (so far no update needed).
While the RocketScalper works by merging 3 oscillators and then checking the market balance between sells and buys to give you the final output, the RocketScalper+ uses MA Crossings and adds another layer to filter than final output. It IS NOT an upgrade, use both.
Main notes about the RocketScalper+:
Wavetrend ignored
Took weight off of Godmode for the final output
Added weight to Price Oscillator for the final output
Added TakeProfit and StopLoss conditions editable for users
Turned the scalper more neutral with a slight long bias for the upcoming trend
Has several outputs on the chart that you can activate/deactivate
Long / Short Signals Self Explanatory / It suggests you should long or short the asset.
Show Price Oscillator signals It'll output long/short signals based on the Price Oscillator.
Show Stop/Support/Resistance warning Not working as of now, will need to update it soon.
No Text inputs on this indicator.
Should I use it on all timeframes and all pairs?
Yes, works very well with HTF and for all pairs. As you can see above on BTCUSDT (as an example), on the 6h use it as a confirmation to get in a trade, specially if you also use the TMA.
For access, please DM us or visit the link below in our Signature.