RickSimpson

Rain On Me PRO 2/3

This is the part 2 of Rain On Me PRO. It follow my two other indicators "Rain On Me" and "Rain On Me V2". This version is called "PRO" because it is less "user-friendly" than the two previous versions. But it is more faster, and cleaner than ever!
This indicator is separated into 3 parts. You can find all parts into my profile in the « Scripts » section. Once the 3 parts together, the indicator is complete.

Here are the features for this part:

-Support/Resistance and Range lines (Red is Resistance, Yellow is Range, Green is Support).
-MTF Trend Line following the trend with red color for bearish trend and green color for bullish trend (Based on volume so it work only where the volume information flux is available).
-MTF Fractals with alerts. ( Zigzag based on high and low).

Everything is fully customizable in settings.

To place an alert, always choose the "Once per bar" option.

Many functions are still to come. So don't hesitate to report bugs, suggestions and follow me to always be kept informed of the next updates to come!
//ALWAYS DELETE INDICATOR AND ALERTS AND RESET THEM AFTER AN UPDATE!

Thank again for your support!

Good trade everyone! And remember, money management is the most important!
Release Notes: -Bug fix on Trend Line.
-Trend Line Resolution set to "same as current tf".
Release Notes: -Bug fix.
Release Notes: -Minor Improvement.
-Code Cleaning.
Release Notes: -Bug fix.
Release Notes: -The Trend Line is now working on every market.
Release Notes: -Added Bar Color based on Trend Line. (optional)
Release Notes: -Bug fix.
Release Notes: -Removed Trend Bar Color cause it was causing conflict with Engulfing Bar Color.
Release Notes: -Minor Improvement.
Release Notes: -Added Polynomial Regression. (Thanks to RicardoSantos to let me using his amazing script "Function Polynomial Regression":
Release Notes: -Support color changed to blue.
Release Notes: -Minor Improvement.
Release Notes: _Removed Polynomial Regression cause it was not accurate enough.
Release Notes: -Bug fix.
Release Notes: -Resistance is now in purple color.
Release Notes: -Bug fix in S/R.
Release Notes: -Added an option to show day on chart with seperators for Week (Yellow) and for Day (Gray).
Release Notes: -Minor improvement.
Release Notes: -Support is now lime and Resistance is now red.
Release Notes: -Support color changed to blue.
Release Notes: -Cleaning code.
Release Notes: -VWAP from Rain On Me PRO 1/3 is now here.
Release Notes: -Minor improvement.
Release Notes: -Support/Resistance are now more precise than ever and MTF.

BUT you have to set the timeframe in "minutes" in settings everytime you are changing of timeframe. By default is set to 60 (so 60M) set it to 30 if you are on a 30M Resolution for exemple. Cheers
Release Notes: -New more simple and more faster Support/Resistance system. (Support and Resistance is blue, Range line is Red).
-Minor Improvements.
Release Notes: -Removed option "Week and Day Separator" cause it was not enough useful.
Release Notes: -Ok guys we return on the old Support/Resistance algorithm which was more precise cause it was MTF (you still need to set minutes resolution in settings)
but we maked it more faster to load and also we keeped the "design" of the newest Support/Resistance we was about to integrate ;)
Release Notes: -Bug fix.
Release Notes: -Another fix.
Release Notes: -After many tests, the new "Support/Resistance" algorithm had less bugs and is very efficient so too. So we're going back into this system.
Release Notes: -Added Keltner Channel Bands with Alerts for Buy and Sell.
-Old good S/R system is back and fixed.
-Minor improvement.
Release Notes: -Bug fix.
Release Notes: -Minor improvement.
Release Notes: -Bug fix in Keltner Channel Alerts.
Release Notes: -Bug fix.
Release Notes: -Another Bug fix.
Release Notes: -Trend Line is now in Rain On Me PRO 3/3 and "High/Low" is now in this part.
Release Notes: -Removed "Fractals" cause it was not enough accurate.
-Added "Harmonic Patterns" option that draw Harmonic Pattern directly on your chart. You can set Buy and Sell alert for each Harmonic Patterns available. (Bat, Butterfly, Crab and Shark).
Release Notes: -Bug fix and minor improvements.
Release Notes: -Minor improvements.
Release Notes: -Keltner Channel was removed because it was not accurate enough.
Release Notes: -Minor improvement.
Release Notes: -Minor correction.
Release Notes: -Minor improvement.
Release Notes: -Bug fix.
Release Notes: -Removed "Range" Line from S/R cause it was not useful and give more visibility.
Release Notes: -Added "Simplified Market Profile" MTF option. That will show you Actual Price on Volume (Blue Label), Support on Volume (Green Label), Resistance on Volume (Red Label) and Critical Historical Volume Area (Yellow Label). Work only where volume information flow is available.
Release Notes: -Minor improvement.
Release Notes: -Removed "Harmonic Pattern" cause it was not enough accurate.
Release Notes: -Bug fix.
Release Notes: -Minor improvement.
Release Notes: -Code cleaning and minor improvements.
Release Notes: -Minor improvement.
Release Notes: Code cleaning.
Release Notes: -Bug fix.
Release Notes: -Minor improvement in VWAP.
Release Notes: -Bug fix.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

Dear Rick,
good to see such a fine-tuned indicator, but also plz provide a buy And sale alert also,
This will helps to newly started trading members like me,
+3 Reply
RickSimpson GoldShravankumar
@GoldShravankumar, Hello, you have multiple choice for buy and sell signals. You can use "ATR', "PSAR", "VPT", "SuperTrend" etc... They will give you labels on chart like "buy and sell" instead you will see a green label "atr" if you have to buy and a red "atr" sell label If you have to sell. But remember to don't following signal blindly. You have to use every tools available to make a choice before to choose to enter or not in position after you got an alert.
Reply
how to use this indicator?
+1 Reply
ITS the best indicator out there But it will take some time to understand the process but it is worth it
+1 Reply