This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
Indicator · Pine Script v5 · On the chart
Rocket Launches
An overlay for crypto charts that follows a staged sequence built from RSI and four simple moving averages.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code117
Settings5inputs
LicenceNone stated
Last update2 years ago2 Apr 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Rocket Launches flags bearish candles with RSI under 20, records their lows, watches for crosses above the 50-period and 300-period averages, and stores the low of a later confirming candle and the high of a follow-up candle. Markers are drawn at each stage on the price chart. Only the RSI length and the moving average lengths can be changed.
- Oversold bearish candle detection
- SMA 50 and 300 crossovers
- Stored reference lows and highs
- Staged markers on the chart
- Adjustable RSI and SMA lengths
Details
Published by
yankeexlr on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Mean reversion, Oscillators & momentum
Markets
Crypto
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length 1 | int | 14 | rsi_length1 |
| MA 50 Length 1 | int | 50 | ma50_length1 |
| MA 21 Length 1 | int | 21 | ma21_length1 |
| MA 100 Length 1 | int | 100 | ma100_length1 |
| MA 300 Length 1 | int | 300 | ma300_length1 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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