INVITE-ONLY SCRIPT
Updated RT-Runner Bot
Runner Bot is a trend following tool designed to highlight when price shifts from normal back and forth rotation into stronger directional moves. It is built to help traders focus on higher quality trend legs, stay patient during chop, and avoid forcing trades when conditions are not aligned.
Blurring The Lines - Indicator vs Bot
Rainbow Trends set out to combine some of the ideas behind automated trading bots with the flexibility of trading indicators. After years of development, Runner Bot was built as an "indicator bot" that can be applied across multiple assets and multiple timeframes from the same interface.
How It Works
This tool aims to identify points where large market players - the "whales" - may be more likely to reverse the trend. It generates BOTTOM signals when its conditions suggest a potential market bottom has formed, and TOP signals when it detects that a potential top has been reached.
These signals are plotted directly on the chart so traders can visually review where Runner Bot has flagged prior tops and bottoms and compare them with their own levels, structure, and risk management.
How It Changes With Timeframe
Runner Bot identifies trend reversals based on the selected timeframe. The same logic can be applied across intraday, swing, and macro views, but its behavior will naturally change:
Choosing the timeframe intentionally is important: higher timeframes tend to highlight larger structural tops and bottoms, while lower timeframes are more sensitive to short term noise.
Tuning The Bot
Runner Bot was built to be relatively turnkey, but it does allow users to tune it for specific timeframes and assets.
To adjust the sensitivity of the TOP/BOTTOM prints, adjust the first two values in the settings column:
This lets traders decide whether they want Runner Bot to be more selective (fewer, higher conviction style signals) or more frequent (more signals for active traders).
The trader also has the option to toggle the signals On/Off as desired. Some traders prefer to only plot TOPs and not BOTTOMs, or only BOTTOMs and not TOPs, depending on their strategy.
Limitations Of The Tool
Under the hood, Runner Bot uses internal algorithms working together to analyze price action. It can be applied across multiple timeframes, but like any tool, it has its sweet spots:
Fine tuning your settings to match your strategy, asset, and timeframe is recommended rather than relying on one configuration for every situation.
Preferred Settings
Over time, a few configurations have become common starting points:
These are not rules, but practical examples of how some traders choose to deploy Runner Bot.
Automating Alerts
Runner Bot can also be connected to standard TradingView alerts so TOP and BOTTOM signals do not need to be watched manually on every bar.
A typical alert setup:
Once alerts are configured, TradingView can notify you according to your alert preferences whenever Runner Bot detects a new TOP or BOTTOM based on your current settings.
Important Note
Runner Bot is intended to provide additional context around tops, bottoms, and broader trend behavior. It is not a standalone signal generator and should always be used together with your own analysis, testing, and risk management. Historical Runner Bot signals and past market reversals do not guarantee future results.
🐋 Tight lines and happy trading!
Blurring The Lines - Indicator vs Bot
Rainbow Trends set out to combine some of the ideas behind automated trading bots with the flexibility of trading indicators. After years of development, Runner Bot was built as an "indicator bot" that can be applied across multiple assets and multiple timeframes from the same interface.
How It Works
This tool aims to identify points where large market players - the "whales" - may be more likely to reverse the trend. It generates BOTTOM signals when its conditions suggest a potential market bottom has formed, and TOP signals when it detects that a potential top has been reached.
These signals are plotted directly on the chart so traders can visually review where Runner Bot has flagged prior tops and bottoms and compare them with their own levels, structure, and risk management.
How It Changes With Timeframe
Runner Bot identifies trend reversals based on the selected timeframe. The same logic can be applied across intraday, swing, and macro views, but its behavior will naturally change:
- For macro level reversals, many traders focus on higher timeframes such as H4 to H12.
- If you are scalping, you can switch to much lower timeframes, but keep in mind that bottoms detected on shorter intervals are less reliable at predicting a true long term bottom.
Choosing the timeframe intentionally is important: higher timeframes tend to highlight larger structural tops and bottoms, while lower timeframes are more sensitive to short term noise.
Tuning The Bot
Runner Bot was built to be relatively turnkey, but it does allow users to tune it for specific timeframes and assets.
To adjust the sensitivity of the TOP/BOTTOM prints, adjust the first two values in the settings column:
- Decreasing these values (negative adjustments) will generally increase the number of TOP/BOTTOM signals the bot will fire.
- Increasing these values will do the opposite and make TOP/BOTTOM signals less common.
This lets traders decide whether they want Runner Bot to be more selective (fewer, higher conviction style signals) or more frequent (more signals for active traders).
The trader also has the option to toggle the signals On/Off as desired. Some traders prefer to only plot TOPs and not BOTTOMs, or only BOTTOMs and not TOPs, depending on their strategy.
Limitations Of The Tool
Under the hood, Runner Bot uses internal algorithms working together to analyze price action. It can be applied across multiple timeframes, but like any tool, it has its sweet spots:
- On higher ranges like 12H to 1D, you will mostly see TOP signals, which can be useful for monitoring extended moves.
- On ultra low timeframes under 15 minutes, market noise can increase and short term bottoms are less reliable as long term turning points.
Fine tuning your settings to match your strategy, asset, and timeframe is recommended rather than relying on one configuration for every situation.
Preferred Settings
Over time, a few configurations have become common starting points:
- H4 - A core timeframe to start catching both Tops and Bottoms across TradFi, Crypto, and Commodities.
- H2/H4 Combo - Monitoring Bottoms on H2 and taking profits on H4 has been a popular combination among Rainbow Theory traders. H2 can provide earlier entries, while H4 offers a more conservative, lagging exit.
- 1D/H24 - Helpful for macro Tops in both TradFi and Crypto when combined with other higher timeframe context.
These are not rules, but practical examples of how some traders choose to deploy Runner Bot.
Automating Alerts
Runner Bot can also be connected to standard TradingView alerts so TOP and BOTTOM signals do not need to be watched manually on every bar.
A typical alert setup:
- Symbol - Set to the asset you are charting.
- Condition - Set to Runner Bot (this will use the settings you currently have on the chart).
- Condition detail - Use the alert() function calls only so the tool can send alerts when TOP or BOTTOM signals fire.
- Interval - Same as chart (this locks alerts to the timeframe you set them up on).
Once alerts are configured, TradingView can notify you according to your alert preferences whenever Runner Bot detects a new TOP or BOTTOM based on your current settings.
Important Note
Runner Bot is intended to provide additional context around tops, bottoms, and broader trend behavior. It is not a standalone signal generator and should always be used together with your own analysis, testing, and risk management. Historical Runner Bot signals and past market reversals do not guarantee future results.
🐋 Tight lines and happy trading!
Release Notes
- Updated default bidding size, commission and account sizing. - Updated screenshot to lower time frame.
- Updated back test to include more trades.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact RainbowRunner144 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
To request access to this invite only script, send me a Direct Message on TradingView or visit my website for more information about access and documentation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact RainbowRunner144 directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
To request access to this invite only script, send me a Direct Message on TradingView or visit my website for more information about access and documentation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.