Murrey Math Extremes ComparatorHOW IT WORKS
Creates two murrey math oscillators (hidden) one with 256 length another with 32 length and compare each other.
WHAT GIVE ME THIS SCRIPT
The script can give you very valuable information:
- Main Trend
- Pullbacks detections
- Extreme overbought oversold prices alerts
- Divergences
- Any timeframe usage
REFERENCES OF USAGE
Main Trend Indications
****The main trend is indicated with green(bull) or red(bears) small "triangles" on the bottom(bull) or the top(bears) of the chart.
*****To detect the Bull/Bear major trend the script use 256 murrey, if > 0 (green) we are uptrend in other cases we are downtrend
Pullback detection
****The pullbacks are indicated with Green(bull) or red(bears) medium "Arrows"
*****To detect pullbacks the system compare the long term murrey with the short term murrey, if long term is Green(green triangles)
*****so we are in a main bull trend, if the short term murrey make an extreme low then the pullback is indicated
*****The same for the short pullback, if long term murrey is RED and we have an extreme green short term murrey we shot a red arrow
Extreme Overbught/Oversold
****The extreme OO is indicated with fancy diamonds
*****To detect the Extremes price movements we combine the two murrey, if Long Term Murrey is overbought and short term murrey too
*****Then the diamond show on the screen obove or below based on the extreme if overbought or oversold
Strategy Resume:
Triangles indicate Major Trend Up/Down
Arrows Indicate Continuation pullbacks
Diamonds Indicate Extreme Prices
GUIDE HOW TO IMAGES
How it's works Behind Scene
Pullback
UCS_S_Steve Primo - Strategy 4 - Version 2For those who are interested with this strategy, Here is a better version.
UCS_S_Steve Primo - Strategy #8Hello Fellas,
Hope you are trading fantastic and fine. Here is another setup from Steve Primo (Stocks) Setups. He claims this can be applied on any market, and you can. Primarily focused on Stocks and Futures market.
NOTE : I DID CODE THE BOTTOM INDICATOR, NOT PUBLISHING IT, ITS JUST RSI(5)
What did I change, ofcourse I don't publish what I find, There is a bit of me in the codes.....
1. Setup only shows up at meaningful levels, Stringent Filter
Myself and tradearcher will keep this upto date. As he has volenteered to help with the track record of steve primo strategies.
docs.google.com
This is more like catching a freight train after a mini pullback.
AGAIN, This is not a holy grail, but this fits my personality of trading, Buying pullbacks on stronger stocks. Because it is harder to get a UCS_momo_Oscillator to signal a setup, primarily because of the smoothing, you can use this as an alternative to catch the excitement trade.
Do not sit on it for more than T+4 days, Unless another setup triggered in your way.
Rule - Buy/Sell the candle breakout next day after the setup - in the direction it is setting up
- Close the Position @ 100% candle extension or RSI Oversold.
[RS]Temporal Extreme Spliter V0EXPERIMENTAL: this script can be used as a trend follower if bgcolor is active, it can be used to catch extremes and target levels for a pull back to the mean, can be used as support and resistance with the time period open price and extreme. other uses, improvements let me know :p.
