OPEN-SOURCE SCRIPT

Cappuccino Indicator

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This is a indicator I built on the basis of RSI and price action.
It is the Cappuccino-Indicator. It calculates back the estimated price based on RSI with some optional filters and gives signals for buy and sell.

it works as follows:
- the current RSI value is calculated back to a estiamated market price
- shoutout to some developers who made some functions possible, this was a long work, I cannot find Your sources anymore, I'm sorry. Text me I will publish Your credits. You are awesome and I respect Your work.
- The principle is simple. as suggested by RSI Rookies the market is bullish when in certain RSI Levels, and bearish when in other
- This indicator also combines some trend channels for easier spotting good entries
- The Cappuccino Indicator tries to keep you in a trade as long as possible
- It uses ATR based Trailing SL for you to not get rekt
- It is just a piece of software, You're trading on Your own risk

Have fun.
Notes de version
  • Translated to English
  • Enabled all hidden options
  • Automatic Asset Decimals Detection
  • Grouped Options with new Pine Script Feature
  • Fixed deprecated "transp"
Notes de version
  • Set EMA Settings to more useful defaults
Average True Range (ATR)Relative Strength Index (RSI)

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

Clause de non-responsabilité