OPEN-SOURCE SCRIPT
RANDI RONE
DISCLAIMER
This indicator is not promoting scalping related activities and give financial advise to buy or sell.
This indicator is made for educational purpose only which gives the idea about the trend based on strength.
This script is provided for educational purposes only and is not intended as financial advice. It serves as a tool for analyzing historical price movements but does not guarantee profitability or predict future price trends. Trading involves significant risk, and you should only trade with capital you can afford to lose. Always conduct thorough research and consult a qualified financial advisor before engaging in trading.
Strategy Explanation
The RANDI RONE indicator combines the Relative Strength Index (RSI) and Bollinger Bands to identify potential trend zones based on customizable timeframes. It highlights these zones on the chart background.
It helps to throw some lights on that area where trend is at early stage.
Customization Options
The script offers flexibility in timeframe selection for RSI and Bollinger Bands and customizable thresholds for both buy and sell conditions. This versatility enables users to adjust settings according to various market conditions or trading styles.
By integrating RSI and Bollinger Bands across multiple timeframes, this indicator is designed to capture significant market movements and offer actionable insights based on price momentum and volatility.
This indicator is not promoting scalping related activities and give financial advise to buy or sell.
This indicator is made for educational purpose only which gives the idea about the trend based on strength.
This script is provided for educational purposes only and is not intended as financial advice. It serves as a tool for analyzing historical price movements but does not guarantee profitability or predict future price trends. Trading involves significant risk, and you should only trade with capital you can afford to lose. Always conduct thorough research and consult a qualified financial advisor before engaging in trading.
Strategy Explanation
The RANDI RONE indicator combines the Relative Strength Index (RSI) and Bollinger Bands to identify potential trend zones based on customizable timeframes. It highlights these zones on the chart background.
It helps to throw some lights on that area where trend is at early stage.
Customization Options
The script offers flexibility in timeframe selection for RSI and Bollinger Bands and customizable thresholds for both buy and sell conditions. This versatility enables users to adjust settings according to various market conditions or trading styles.
By integrating RSI and Bollinger Bands across multiple timeframes, this indicator is designed to capture significant market movements and offer actionable insights based on price momentum and volatility.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.