RocketScalper Long/Short Indicator

10 thg 1, 2020

About the Rocketscalper Indicator

• Was initially made by Rocket, PM, Hav0c, LiteralMonkey and PrimetimeBart.
  
• It's our most used and advanced long/short indicator script so far, with over 450 users
  
• Was first published in December 12, 2018.
  
• It had 3 iterations, this is the 4th.
  
• It has been continuously updated throughout the past year and as long as the market doesn't shift completely, it'll stay updated and giving good outputs.
  
• It works by merging 3 oscillators and then checking the market balance between sells and buys to give you the final output.
  

Main notes about the 4th iteration:

• RSI and Moving Averages back into the filtering conditions (for a while we removed it due to signal spam or trying to make a holy grail and i think we took steps back by doing that so they're back in)
  
• Wavetrend settings closer to neutral
  
• Loosened conditions on Godmode
  
• Price Oscillator Changes
  
• 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
  A warning label will pop-up when the trade is going against you. It's good to use as alerts, other than that, I wouldn't read much into it.
  
• Plot Stop/Support/Resistance levels
  It'll plot resistance and support horizontal lines in case you need guidance in your stops
  
• Use background for Highlighting
  It changes the background to red/green (or a color of your choosing) when its about to output a signal.
  

You also have, on the inputs tab, text inputs that you can edit such as:

• Price Gain for Take Profit 1 and 2
  Horizontal line (If you usually get at out at positive 50 points, put 50 in here and a line will plot once you get there) - Good for alerts.
  
• Initial Stop Loss Percentage
  
• Amount of $ Away from entry to Move SL After TP1
  
• Trailing Stop Loss
  

Should I use it on all timeframes and all pairs?

• You can, if you look at the historical outputs and they are good. However, I use it mostly on XBTUSD BTCUSDT ETHUSD XAUUSD and OILUS on LTF and HTF.
  
• For altcoins, I would suggest only looking at 4h candlesticks and above.
  

For access, please DM us or visit the link below in our Signature.

20 thg 5, 2020

Phát hành các Ghi chú

• Fixed max_bar error.
  

That's all.