UCS_S_Steve Primo - Strategy 1
Here is the code for Steve Primo Strategy #1 Long and Short Setups.
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Watch his free videos on youtube for trigger and trade management
- Post your views and share the knowledge.
Watch his free videos on youtube for trigger and trade management
Uday C Santhakumar
study(shorttitle="SP-S#1", title = "Steve Primo - Strategy #1", overlay = true, precision = 2) //Indicator 1 lowerpc = lowest(low, 21) upperpc = highest(high, 21) midpc = avg(upperpc, lowerpc) //Indicator 2 ma = sma(close, 50) petd = ema(close,13) rangema = ema(tr, 50) upperkc = ma + rangema * 0.25 lowerkc = ma - rangema * 0.25 //Indicator 3 up = rma(max(change(close), 0), 5) down = rma(-min(change(close), 0), 5) rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) // PET-D petdcolor = close > petd ? green : red barcolor (petdcolor) // ALL PLOT plot (midpc, linewidth = 1, color = orange, title = "Mid Price Channel") plot (upperpc, linewidth = 2, color = purple, title = "Upper Price Channel") plot (lowerpc, linewidth = 2, color = purple, title = "Lower Price Channel") plot (ma, linewidth = 3, color = black, title = "Trend - Long Term") plot (petd, linewidth = 1, color = blue, title = "Trend - Short Term") //Slope SlopeL = midpc > midpc[5] SlopeS = midpc < midpc[5] //Condition CL = SlopeL == 1 and close > lowerkc and close < midpc and rsi < 35 CS = SlopeS == 1 and close < upperkc and close > midpc and rsi > 65 //Setup SL = CL == 1 and CL[1] != 1 SS = CS == 1 and CS[1] != 1 plotshape(SL, title="Long Setup Bar", style=shape.labelup, location=location.belowbar, color=lime, transp=25, text="SP #1 Long", textcolor = black) plotshape(SS, title="Short Setup Bar", style=shape.labeldown, location=location.abovebar, color=orange, transp=25, text="SP #1 Short", textcolor = black)
