RocketScalper+ Long/Short Indicator

10 Jan 2020

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.

22 Mei 2020

Nota Keluaran

• Updated with the max_bars fix.