Indicator Description
Rain On Me is a comprehensive technical indicator that combines several powerful tools into one system. It is ideal for traders looking to enhance their knowledge of various market indicators, making it a great choice for beginners who are eager to explore different analysis techniques. Through this tool, users can start trading on a demo account, gaining insight into diverse strategies before entering real markets.
Rain On Me Indicator in action on a selected financial instrument.
Complete list of features included in this indicator:
- ATR (Average True Range): Measures market volatility by showing the range of an asset’s price movement over a period.
- Parabolic SAR: Provides potential trend reversal signals by plotting points above or below the price.
- RSI Divergences: Highlights divergences between price and RSI, which can indicate possible trend reversals.
- Ichimoku Cloud: Offers insights on market momentum, support, and resistance levels, helping identify potential trading signals.
- Bollinger Bands: Tracks market volatility and signals possible overbought or oversold conditions.
- MA Cross (Moving Average Crossovers): Identifies trend changes by tracking the crossover of two moving averages.
- Trendline: Automatically draws trendlines to assist in identifying price direction and breakout points.
- Fibonacci Levels: Automatically plots Fibonacci retracement levels to identify potential price reversal points based on historical price movements.
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.
