Cappuccino Indicator

This is a indicator I built on the basis of RSI and price action.
It is the Cappuccino-Indicator. It calculates back the estimated price based on RSI with some optional filters and gives signals for buy and sell.

it works as follows:
- the current RSI value is calculated back to a estiamated market price
- shoutout to some developers who made some functions possible, this was a long work, I cannot find Your sources anymore, I'm sorry. Text me I will publish Your credits. You are awesome and I respect Your work.
- The principle is simple. as suggested by RSI Rookies the market is bullish when in certain RSI Levels, and bearish when in other
- This indicator also combines some trend channels for easier spotting good entries
- The Cappuccino Indicator tries to keep you in a trade as long as possible
- It uses ATR based Trailing SL for you to not get rekt
- It is just a piece of software, You're trading on Your own risk

Have fun.
  • Translated to English
  • Enabled all hidden options
  • Automatic Asset Decimals Detection
  • Grouped Options with new Pine Script Feature
  • Fixed deprecated "transp"
  • Set EMA Settings to more useful defaults
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


Good work and thank you for sharing, it will help lot of people
100 Coins
+1 Antworten
hi...looks like a good and helpful script. Would it be possible to it coded with "English" outputs as there are labels I cannot read as they are not in English. Thanks
+4 Antworten
@davejdt2004, Done. Enjoy
+1 Antworten
ely2727 cappuccino_trading
@cappuccino_trading, Much appreciated!
+1 Antworten
What a great tool, keep going men!
+1 Antworten
Thanks a lot for this great script! Elegant code and presentation! Would you mind if you add strategy version of this?
+1 Antworten
Nice you tink is ok to use in lower timeframe (swing, scalping...) as well???
wow... a lot of coding man... :)
Nice update, good addition the decimal detector
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