Indicator Description

This is the first part of the “Rain On Me PRO” indicator series. Building upon the foundations of “Rain On Me” and “Rain On Me V2”, this version introduces more advanced features for experienced traders. “Rain On Me PRO” is designed to deliver faster performance with a cleaner interface, though it may appear less user-friendly for beginners. The full indicator is split into three parts, which together form a complete trading tool. You can find all parts in the “free indicators” section or on my TradingView profile under the “Scripts” tab. Once all three parts are combined, the indicator is ready for use.

 

Rain On Me PRO 1/3 in action on a selected financial instrument.

Screenshot from the Rain On Me PRO 1/3 Settings menu.

    Complete list of features included in this indicator:

  • Advanced ATR System: Tracks volatility using the Average True Range with additional buy/sell signals.
  • Engulfing Candle Pattern Detection: Identifies both Bullish and Bearish engulfing candles with customizable alerts.
  • Multi-Divergence Detector (MACD, RSI, CCI): Spots divergences across multiple indicators to assist with identifying potential reversals.
  • Moving Average Crossover: Shows crossovers between two moving averages with “cross labels” and alerts.
  • Doji Candle Detection: Recognizes Doji candlesticks to highlight potential trend reversals.
  • RSI Filter Bar: Visualizes overbought/oversold zones by coloring bars based on the RSI factor.
  • Bias Forecasting System: Offers forecasting based on MA or Linear Regression sources.

All options come with default settings that can be customized based on the specific market instrument you are analyzing. You can also configure alerts to be notified whenever a new signal is generated by the indicator. These alerts are condition-based, allowing you to selectively enable or disable specific alerts according to your trading strategy.

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