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Rokcet BB Generator

922
Hello Traders!

The indicator uses RSI levels and normal floor trader pivots to find exit and entry points.

In the indicator options you can choose the indicator from pull-down menu.


How it works?

- Checks if two consecutive candles are bullish/bearish.
- Looks for RSI oversold /overbought conditions.
- Initates a buy /sellorder .
- Stop loss can be places under the low/high of the candle before the trigger candle for long and short orders respectively.
- targets can be daily pivot points

P.S. Use it on a 5 min candle chart for best results.
Release Notes
Update: Better Entry point identification and risk management. Better Stop losses and filters many bad trades.

Disclaimer

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