This is the part 1 of Rain On Me PRO. It follow my two other indicators "Rain On Me" and "Rain On Me V2". This version is called "PRO" because it is less "user-friendly" than the two previous versions. But it is more faster, and cleaner than ever! This indicator is separated into 3 parts. You can find all parts into my profile in the « Scripts » section. Once the 3 parts together, the indicator is complete..
Here are the features for this part (no-repaint on this one):
-ATR with alerts (Buy and Sell signals). -VPT with alerts (Buy and Sell signals). -PSAR with alerts (Buy and Sell signals). -SuperTrend with alerts (Buy and Sell signals). -Doji with alert (A yellow arrow show you when a good Doji signal appear). -Divergences on chart (Red is bearish or green is bullish) with multiple type of divergence (MACD, OBV, RSI or CCI) with alerts. -Market Range Bar Filter Color. (You have to configure the TimeZone of the market in UTC and then it will show you blank bar where the volatility is low). -3 Moving Averages with cross alert for MA1 and MA2.
Everything is fully customizable in settings.
To place an alert, always choose the "Once per bar" option.
Many functions are still to come. So don't hesitate to report bugs, suggestions and follow me to always be kept informed of the next updates to come! //ALWAYS DELETE INDICATOR AND ALERTS AND RESET THEM AFTER AN UPDATE!
Thank again everyone for your support!
Good trade everyone! And remember, money management is the most important!
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-Improved PSAR.
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-Added "Ribbons Trend" with alert for Bullish and Bearish trend. (Red trend is Bearish and green trend is Bullish). -Added "Yellow Bar Color" on Doji.
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-Removed "Ribbons Trend" option cause it was not accurate enough.
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-Minor Improvement. -Cleaning the code.
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-Added Engulfing Candles with alerts for Bullish and Bearish Engulfing. (Fuchsia Candle is Bearish and Blue Candle is Bullish). -Minor Improvements.
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-Engulfing Bullish Bar Color is now Green instead of Blue for better visibility.
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-Added VWAP with "Buy and Sell" alerts.
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-Minor improvement.
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-Added an "5M Scalping Mode" in settings for our scalpers friends :) By default settings work well in 5M but you can change period and multiplier if you want to use it for in a low less TF. Buy and Sell alerts are available!
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-Removed "5M Scalp Mode" after the feedback of some users who find this not accomplish the job. Also we want to keep space for more interesting options to come. If you want an very well accurate scalping mode set your ATR Period to 4 and the ATR Multiplier to 0.25.
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-Bug fix in PSAR.
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-Minor Improvements.
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-New "SuperATR" option available! This is an improved ATR algorithm. It work like an Supertrend but with less lag, thank to the ATR. You can change period and mult value in setting (100 for period and 1 for mult by default). You can also set alerts for "Buy and Sell". Hope you will enjoy it!
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-Minor improvement.
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-SuperATR is now set unchecked by default in setting instead ATR that is now set by default again. -ATR Multiplier is now set to 2 by default to got less noising signals. -SuperATR Multiplier is now set to 5 to got less noising signals too.
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-Minor Improvements.
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-"Bar Color" option is now available and activated by default. You can choose to show or hide it in settings.
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-Removed "SuperATR" cause it was not enough efficient.
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-Session Range Filter is now set to 1700-0000 UTC by default.
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-Session Range Filter is now activated by default.
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-Following the request of some users "Session Range Filter" is now deactivated by default. (Again 😅)
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-Bug fix and minor improvements.
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-Minor update.
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-Added MA Forecasting.
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-Bug fix in MA Forecasting.
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-Bug fix in Moving Average Forecasting.
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-Added "RSI Trend Bar Color" with alerts. -Added "ADX Trend Bar Color" with alerts.
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-Bug fix.
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-Another bug fix.
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-Code Cleaning.
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-Bug fix in ADX alerts. -Code revision and improvement.
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-Removed RSI and ADX options cause not efficient enough. The Trend Line in Rain on Me PRO 2/3 can do the same job as the ADX and the RSI give too many bad signals.
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-Minor improvements.
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-Improved Engulfing Candles. -Added an option to highlight potentiel pullback with orange bar color.
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-Minor improvement.
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-Added "VAMA", "FRAMA" and "ZLMA" to "MA Type". -"MA Forecasting" is now deactivated by default.
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-Minor improvements.
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-Improved ATR algorithm, there are now 2 ATR in one. You can set the ATR Period and Multiplier for both in settings. In my opinion, this is the best way to have good signals without having too much noise signals.
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-Bug fix in ATR.
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-"Session Range Filter Bar Color" are now transparent instead of white for more visibility. -"VWAP" is now MTF and work with ATR instead of RSI.
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-Displaced VWAP to Rain On Me PRO 2/3 since I forgot it was now repainting.
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-ATR Period 1 and 2 is now set to 14 and Multiplier 1 and 2 is now set to 1. Also ATR is a way better than before since it got Auto-MTF adjustment.
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-Return of the old ATR algorithm with only one ATR which was more efficient but we added the MTF to it cause it make it more precise and with less signals.
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-Doji Bar Color are now Orange and Potential Pullback Bar Color are now Yellow for more visibility on white chart.
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-Improving ATR.
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-ATR Multiplier is now set to 3.2 by default.
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ATR Period as been set to 28 and Multiplier to 2. After many many hours of testing we think this is the best settings we can got on a 30M chart. We are also working on some improvements in the ATR code.
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-Minor Improvements.
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! BIG UPDATE HERE !
-We have removed the PSAR and the VPT to make way for a Take Profit and Stop Loss system with the possibility of placing alerts. ATR and SuperTrend are excellent indicators for building a strategy. The PSAR could have too many lags and the VPT only worked where the volume information flow is available. So here we have a Take Profit and Stop Loss system for each of the two indicators (ATR and SuperTrend). You can choose whether or not to display them from the settings.
-Hoping that everyone appreciates this indicator and its continual updates. We are very active in making it the best it can be. Remember, for the indicator to be complete you must put the 3 parts of Rain On Me PRO together.
Cheers !
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-SL/TP is now adjusted to 1 for ATR and SuperTrend by default.
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-Bar Color is now deactivated by default. -All MA's is now hidden by default. -Improved ATR code + added an option deactivate "Lookahead" variable ON. By default it checked so it deactivated but if you uncheck that, you will have label with confirmation (meaning label not disappearing of the chart after a signal) but you will also have more lags since the label is displayed 1 bar after the signal. (We didn't have the occasion to test it yet but if it don't work don't hesitate to tell us please).
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-Minor improvement.
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-Minor improvement.
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-The "Enable ATR «Lookahead» Variable?" option is now available for SuperTrend too.
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-Bugs fix.
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-Improved SuperTrend using the Supertrend Variable and putting the period to "300" and the multiplier on the pi value "3.146".
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-We forgot to add the "Enable SuperTrend «Lookahead» Variable?" option so we added it again. It seem to be an very demanded option here. Some people seems to not understand what a repainting is really is. Also we replaced the text in labels, instead of "Supertrend" we put "st" for more visibility in to the chart.
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-Minor improvements.
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-Removed "TimeZone Session Range Filter" cause we need to improve this by implement a Range Filter based on Volatility. -Added all MA Types (Tell me If I forget one :-)) -Added "Show.MA Cross" option in settings, this will highlight Moving Average Crossing by a Yellow "Cross Label". Can be usefull with ATR to get a confirmation of trend continuity.
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-Bug fix in Moving Average.
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-Minor improvement.
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-Added VAMA and FRAMA Moving Average Type.
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-Removed Doji and Engulfing Candles Alerts to let more space in the code. -Removed Regular Bar Color. -Added the "RSI Filter Bar Color" from my other indicator "Advanced RSI Helper" here cause it was making conflict with the Potentiel Pullback Bar Color and Doji Bar color when you are using these two indicators together.
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-Less "flashy" RSI Filter Bar Color.
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-Added "Critical Volume Zone" option that will highlight in white bars when we are in a critical volume area.
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-Minor improvement.
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-"Critical Volume Zone" Bar Color is now silver instead of white for more visibility on white chart.
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!BIG UPDATE!
We implemented 2 more Take Profit to the ATR and we have removed the Supertrend instead. You can have similar result to SuperTrend with higher Multiplier value. But with TP, TP 2 and TP 3 you can now take more safer trade and profit.
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-Minor improvement.
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-Doji and Engulfing Candles Alerts are back !
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-Minor improvement.
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-Improved ATR. (For this update, you need to delete indicator from chart and reput it, also you may need to delete yours ATR Alerts and reput them too)