Purpose: The RSI Rocket is a make up of momentum and trend-following indicators designed to identify the direction of trend and the momentum, providing insights into possible entry points.

How to Apply: Choose “RSI Rocket [Market Spotter]” through the “Invite-only scripts” on TradingView.

Characteristics: The RSI Rocket is customizable, allowing users to utilize its default settings or adjust parameters such as overbought/oversold values, signal frequency and inputs. This indicator is designed to signal potential entry points by identifying changes in price movements and assessing the strength of momentum of the prevailing trend, providing users with insights into potential price reversals.

Alerts: TradingView alerts are notifications that keep traders informed about specific market conditions or price movements in real-time. Users can set them up based on parameters like price levels or technical indicators. These alerts help traders stay updated and make timely decisions to optimize their trading strategies. You can learn how to set alerts with our indicators by viewing this tutorial.