Notice how the when the colors change, the price reverses!!
When you get 4 green or 4 red dots, the next price bar seems to be the opposite color of the current bar.
Could be a day or swing trade money maker!!
TRO PMSM TREND
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- TheRumpledOne
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- TheRumpledOne
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Code: Select all
{ _TRO_PMSM_TREND }
{Attn: TradeStation
if this indicator is posted on the TradeStation Forum, I, TheRumpledOne, did NOT post it there,
so I can't be blamed for this indicator having my contact info.}
{Programmer: Avery T. Horton, Jr. aka TheRumpledOne,
gifts and donations accepted, PO Box 43575, Tucson, AZ 85733 }
{ ? Copyright 2006 Avery T. Horton, Jr.}
inputs:
iTREND1( XAVERAGE(C,5) ),
iTREND2( XAVERAGE(C,10) ),
iTREND3( XAVERAGE(C,20) ),
iTREND4( XAVERAGE(C,30) ),
iDecimals(4);
variables:
FG1(white),
BG1(black),
fg2(white),
bg2(black),
fg3(white),
bg3(black),
fg4(white),
bg4(black);
{commentary variables}
variables:
xcomm(0),
oComm1( "" ),
oComm2( "" ),
oComm3( "" ),
oComm4( "" ),
oComm5( "" ),
oComm6( "" ),
oComm7( "" ),
oComm8( "" ),
oComm9( "" ),
oComm10( "" );
{ INITIALIZE }
FG1 = WHITE;
BG1 = BLACK;
fg2 = WHITE;
bg2 = BLACK;
fg3 = WHITE;
bg3 = BLACK;
fg4 = WHITE;
bg4 = BLACK;
{ Alert criteria }
IF iTREND1 > iTREND1[1]
then begin
Fg1 = green;
Bg1 = BLACK;
end
else
IF iTREND1 < iTREND1[1]
then begin
Fg1 = red;
Bg1 = BLACK;
end
else
begin
Fg1 = yellow;
Bg1 = BLACK;
end;
IF iTREND2 > iTREND2[1]
then begin
Fg2 = green;
Bg2 = BLACK;
end
else
IF iTREND2 < iTREND2[1]
then begin
Fg2 = red;
Bg2 = BLACK;
end
else
begin
Fg2 = yellow;
Bg2 = BLACK;
end;
IF iTREND3 > iTREND3[1]
then begin
Fg3 = green;
Bg3 = BLACK;
end
else
IF iTREND3 < iTREND3[1]
then begin
Fg3 = red;
Bg3 = BLACK;
end
else
begin
Fg3 = yellow;
Bg3 = BLACK;
end;
IF iTREND4 > iTREND4[1]
then begin
Fg4 = green;
Bg4 = BLACK;
end
else
IF iTREND4 < iTREND4[1]
then begin
Fg4 = red;
Bg4 = BLACK;
end
else
begin
Fg4 = yellow;
Bg4 = BLACK;
end;
Plot1( 1 , "Trend1", Fg1 ) ;
Plot2( .5 , "Trend2", Fg2 ) ;
Plot3( 0 , "Trend3", Fg3 ) ;
Plot4( -.5 , "Trend4", Fg4 ) ;
xComm = _fCommentary(oComm1, oComm2, oComm3, oComm4, oComm5, oComm6, oComm7, oComm8, oComm9, oComm10);
CommentaryCl(oComm1 );
CommentaryCl(oComm2 );
CommentaryCl(oComm3 );
CommentaryCl(oComm4 );
CommentaryCl(oComm5 );
CommentaryCl(oComm6 );
CommentaryCl(oComm7 );
CommentaryCl(oComm8 );
CommentaryCl(oComm9 );
CommentaryCl(oComm10 );
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
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- TheRumpledOne
- rank: 10000+ posts
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TheRumpledOne wrote:When you get 4 green or 4 red dots, the next price bar seems to be the opposite color of the current bar.
Do you mean 4 consecutive bars producing green dots on all MAs? Basically a 4x4 square of green? Or did you mean just 4 green dots on one bar?
TheRumpledOne wrote:Notice how the when the colors change, the price reverses!!
So the moment the quickest MA changes colors and breaks the synchronous green dots is the sign for a price reversal? I've spotted instances where the price decides to reverse before any of them changes color. If you look at my attachment you can see what I mean around 4/24/07. How does one combat against this?
- Attachments
-
- QCOM 1_10_2007 - 5_25_2007 (Daily).jpg (120.03 KiB) Viewed 5435 times
- TheRumpledOne
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- Joined: Sun May 14, 2006 9:31 pm
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"Do you mean 4 consecutive bars producing green dots on all MAs? Basically a 4x4 square of green? Or did you mean just 4 green dots on one bar? "
4 green dots on one bar.
How does one combat against this?
Your question is very important!
The answer is YOU DON'T. You don't engage in combat with the market, you flow with it.
4 green dots on one bar.
How does one combat against this?
Your question is very important!
The answer is YOU DON'T. You don't engage in combat with the market, you flow with it.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
Please do NOT PM me with trading or coding questions, post them in a thread.
Please do NOT PM me with trading or coding questions, post them in a thread.
- Blue Rhino
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