Indicator Description
Rain On Me V2 is an advanced continuation of the original “Rain On Me” indicator. It offers more refined and sophisticated tools for those who have already grasped the basics of V1 and are ready to take their trading to the next level. With this version, the code has been optimized, some indicators removed, and several new features have been added to further enhance trading capabilities. It is still recommended to practice using a demo account before live trading.
Rain On Me V2 in action on a selected financial instrument.
Complete list of features included in this indicator:
- Improved ATR: Helps measure volatility by calculating the average movement of an asset over a specified period.
- Price Volume Trend (VPT): Analyzes price and volume dynamics to assess strength in price movements.
- Improved Parabolic SAR: Identifies potential trend reversals by plotting points above or below price action.
- Supertrend: Provides clear trend-following signals based on volatility.
- Support/Resistance Levels: Automatically detects critical support and resistance levels.
- Divergences (MACD, Volume, RSI, CCI): Identifies divergences to signal potential reversals.
- Bollinger Bands: Indicates overbought/oversold conditions by measuring volatility.
- Ichimoku Cloud: Provides detailed insight into trend strength, direction, and support/resistance zones.
- Improved MA Cross: Displays crossovers between different moving averages to identify trend shifts.
- Advanced Trendline: Automatically plots trendlines to help traders identify trend directions and potential breakout points.
- Fibonacci Levels: Highlights key retracement levels to assist in making price predictions based on Fibonacci sequences.
- Fibonacci Info Panel: A detailed panel with key Fibonacci levels, retracements, and price zones.
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.
