The ROCKSTAR is a combination of four of our indicators that, when a confluence of positive conditions exist, will generate a signal to let the trader know that there is a confluence of events that might require his/her attention. Like any other indicator for TradingView (or any other trading platform), this indicator does not tell the trader when to take a trade. It simply alerts the trader to a confluence of market events that could help the trader anticipate a change in the market.
The ROCKSTAR consists of these indicators.
QQE (Qualitative Quantitative Estimation (complex mathematical equation) )
FLASH (Identifies when price and momentum no longer agree with each other)
OBOS (Identifies when price is likely to become exhausted)
REALM (Identifies price action ranges and when a break of these ranges occurs)
Although these 4 indicators are used to generate a signal, the trader may choose to use additional indicators to qualify the generated signal as a potential trade setup.
The ROCKSTAR combines some very powerful technical analysis techniques.
Using these techniques, the ROCKSTAR is measuring strengths in the current conditions to anticipate the inevitable weaknesses. These weaknesses are ideal points in the market to exploit pullbacks or retracements.
- Add to any chart or time frame
- Prints on the current bar in real time
- DOES NOT repaint several bars after the fact
- Sound Alert
- Freedom to Tune
- User can change unicode, and colors