OPEN-SOURCE SCRIPT
Aggiornato PRODE-NM

It is a force impulse system that is designed to give you entries into assets that can move substantially. Works well with volatile instruments. If there is a lot of whipsaws in the instrument plot, a Moving Average on the Prode-M Line, and use it in the place of the PRODE-M Line. Use it with Super-Trend (10,4.5) or Super-trend(10,3) and Super-trend(10,1.25), on the trading time frame. Ideal trades are taken when the price first breaks above or below Super-Trend(10,1.25) and Super-trend(10,3) or Super-Trend (10,4.5) . For Bullish entries let the PRODE-M come below the Zero-Line and go back up, after price breaks above the two Super-Trends. While the Prode-M line goes down below the Zero-Line and come back up the Super-Trend (10,3) or Super-Trend (10,4.5) should not turn Red. It is not a problem if the Super-Trend (10,1.25) turns red. Take entry when Prode-M line breaks above the Zero line and both Super-Trends are green. Stop-Loss is the Super-Trend(10,1.25) initially and one break even is achieved trail with Super-Trend(10,3) or Super-Trend (10,4.5). Vice Versa for Short entries. Cheers :)
Note di rilascio
It is a force impulse system that is designed to give you entries into assets that can move substantially. Works well with volatile instruments. If there is a lot of whipsaws in the instrument plot, a Moving Average on the RCM Line, and use it in the place of the RCM Line. Use it with Super-Trend (10,4.5) or Super-trend(10,3) and Super-trend(10,1.25), on the trading time frame. Ideal trades are taken when the price first breaks above or below Super-Trend(10,1.25) and Super-trend(10,3) or Super-Trend (10,4.5) . For Bullish entries let the RCM come below the Zero-Line and go back up, after price breaks above the two Super-Trends. While the RCM line goes down below the Zero-Line and come back up the Super-Trend (10,3) or Super-Trend (10,4.5) should not turn Red. It is not a problem if the Super-Trend (10,1.25) turns red. Take entry when RCM line breaks above the Zero line and both Super-Trends are green. Stop-Loss is the Super-Trend(10,1.25) initially and one break even is achieved trail with Super-Trend(10,3) or Super-Trend (10,4.5). Alternatively, You can enter if RCM, RC1 & RC2 line all cross above the zero line together.
Vice Versa for Short entries. Cheers :)
Note di rilascio
It is a force impulse system that is designed to give you entries into assets that can move substantially. Works well with volatile instruments. If there is a lot of whipsaws in the instrument plot, a Moving Average on the RCM Line, and use it in the place of the RCM Line. Use it with Super-Trend (10,4.5) or Super-trend(10,3) and Super-trend(10,1.1), on the trading time frame. Ideal trades are taken when the price first breaks above or below Super-Trend(10,1.1) and Super-trend(10,3) or Super-Trend (10,4.5) . For Bullish entries let the RCM come below the Zero-Line and go back up, after price breaks above the two Super-Trends. While the RCM line goes down below the Zero-Line and come back up the Super-Trend (10,3) or Super-Trend (10,4.5) should not turn Red. It is not a problem if the Super-Trend (10,1.1) turns red. Take entry when RCM line breaks above the Zero line and both Super-Trends are green. Stop-Loss is the Super-Trend(10,1.1) initially and once break even is achieved trail with Super-Trend(10,3) or Super-Trend (10,4.5). Alternatively partial entry may be taken if RC-1, RC-1 RCM cross above Zero-line together and Both Super-Trends are green. Vice Versa for Short entries. Cheers :)
Note di rilascio
This is a force impulse system designed to help get optimal entries into volatile assets that respond better to Breakouts and Breakdowns (Note: do not use this indicator with mean reverting assets, i.e. those with a low Hurst exponent value). It works well with volatile assets. If you need to slow down the indicator use a moving average of the RCM to slow it down. The indicator is designed to be used with either Super-trends or Moving Averages,
There are a couple of ways to trade with this indicator. For example, Buy entries can be planned when price breaks above Super-trend (10,3) (you can also use Super-trend (10,4.5) while Super-trend (10,1.1) is green and the RC1, RC2 & RCM line cross above the zero line. Alternatively, entry can be planned after price breaks above the two super- trends, price retraces with the RCM line going below the Zero-Line and then crossing back above. The Super-trend with larger ATR multiplier [ in this case Super-trend (10,3) or (10,4.5) must remain green while the RCM line crosses below and subsequently above the zero-line. It does not matter if the Super-trend (10,1.1) turn red during this process. We take a long entry when the RCM line crosses back above Zero-line and the two Super-trends turn green.
Vice versa for short entries.
Cheers :)
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.