MTP Risk/RewardThe MTP Risk Reward Script allows the user to Calculate the correct Position Sizing at the entry Bar and Stop Bar. Where the user grabs and drags the Script to the entry and stop bars. Position Sizing is then calculated using an Account Size and %Risk, both of these can be changed in the Script Parameters.
The user can also grab and drag a target price at which the Profit, in both Currency and Risk/Rearward multiples, is then calculated and shown on the chart.
This is useful for helping users setup their own manual trade setups.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
Mtpredictor
MTP STFThe MTP STF script gives an easy to understand guide to the direction of the larger degree trend. Blue for up, Grey for neutral and Red for down. The colours are plotted on a 5/34 oscillator. The script is calculated using the position of a combination of moving averages on the current Chart. It is the colour of the indicator that is important, not its level above or below the 0 line.
The script also contains the MTP strength bands (these are the grey lines on the indicator), which are used for deciding whether to run your position using an trailing stop. When the Market is “strong” ( MTP STF indicator is beyond the grey strength band) as the market reaches its projected Profit target, then the trader should consider swapping to a trailing stop to look to run their position further.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
MTP AnalysisThe MTP Reversal Bars, MTP Swing Pivots and MTP ATR Stop are all included in the MTP Analysis Script.
The MTP Reversal Bars give the entry triggers for the MTPredictor Trade Setups. Blue for a potential Buy, Red for a potential Sell, and Grey for neutral. Please note, these are only to be used in conjunction with our MT Trade and MTP Advanced Trade Setup Scripts, and are only relevant at (or up to 5 bars after) a potential trade setup. They are calculated using a unique combination of reversal triggers.
The MTP Swing Pivots connect the swing highs and lows on your chart, giving you the Pivots off which to work for your MTPredictor Analysis, for example when using our MTP Decision Point (DP) Script. The Swing Pivots use the number of Bars either side of the pivots for its construction (not a % retracement), and as such are not a simple Zig-zag indicator.
The MTP ATR Stop is used to trail your protective Stop, once in a position, when the Market is “strong” (MTP Trend indicator is beyond the strength band) when the market reaches its projected Profit target. Please see the MTP Trend indicator Script for more information on this.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
MTP Advanced Trade SetupsThe MTP Advanced Trade setup script contains the Wave 3 variation of MTPredictor automatic trade setups, TS1(W3), TS3(W3), TS4(W3) as well as the Volume Spike (VS) setup.
The TS1(W3), TS3(W3), TS4(W3) trade setups are designed to catch the end of a Wave (2) correction, with the aim of trading the Wave (3) swing. The Wave (3) swing is usually the strongest and longest swing in a completed 5 wave sequence. Whereas, the VS (Volume Spike) setup is designed to identify high volume spikes, with the aim of finding “fake-outs” at levels of DP support/resistance. This is usually where the “professional money” enters the market to produce a sharp swing in the opposite direction. For more detail of the MTP DP level, please visit the publication of the MTP Decision Point (DP) script.
Entry triggers triggers are provided by our MTP coloured reversal bars that are part of our MTP Analysis Script. The triggers are Blue for a potential Buy, Red for a potential Sell, and Grey for Neutral. Please note, these are only relevant at (or up to 5 bars after) the potential trade setup. Please see the MTP Analysis Script for more information.
Targets for the setups are automatically shown for each setup as part of the Trade Analysis. Position Sizing is included in the Analysis as well.
Please remember that although MTPredictor has automatic setups, we do not suggest that you just follow these blindly as if it were a black box mechanical system, judgement is needed in filtering the automatic setups, particularly with respect a clear larger degree trend. Each Trader must take responsibility for deciding on whether their own Analysis is clear and fits in with their own (personal and unique) Trading Plan.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
MTP Trade SetupsThe MTP Trade setups script contain the standard MTPredictor automatic trade setups, TS1, TS2, TS3, TS4 and DP.
The TS1, TS2, TS3, TS4 trade setups are based around the ABC correction of varying degrees, and as such, are designed to catch the end of a correction in a continuing trend. Whereas the DP is a trend termination setup at our MTP DP level on oscillator divergence. We define the trend by using Support / Resistance areas on the higher time frame chart using our MTP DP levels. For more detail of the MTP DP Levels, please visit the publication of the MTP DP script.
Entry triggers triggers are provided by our MTP coloured reversal bars that are part of our MTP Analysis Script. The triggers are Blue for a potential Buy, Red for a potential Sell, and Grey for Neutral. Please note, these are only relevant at (or up to 5 bars after) the potential trade setup. Please see our MTP Analysis Script for more information.
Targets for the setups are automatically shown for each setup as part of the Trade Analysis. Position Sizing is included in the Analysis as well.
Please remember that although MTPredictor has automatic setups, we do not suggest that you just follow these blindly as if it were a black box mechanical system, judgement is needed in filtering the automatic setups, particularly with respect a clear larger degree trend. Each Trader must take responsibility for deciding on whether their own Analysis is clear and fits in with their own (personal and unique) Trading Plan.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
MTP Wave Price TargetsThe MTP Wave Price Targets script allows you to project “in advance” WPT (Wave Price Target) zones on your chart, these anticipate where the next Elliott Wave swing is likely to end. WPT zones are calculated using clusters of Fibonacci Price levels that are specific to the Wave in question.
This is designed to be used with the users own “manual” Elliot Wave count. The user can use the MTP Pivots (that are included in the MTP Analysis Script) as a guide to see the swings to choose on the Chart. The user has several options (Pivot Number, Last Pivot, Pivots Back or Bar Number) on how to choose the Pivot to display the WPT Targets from.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
MTP Elliott WavesThe MTP Elliott Waves script allows you to place an Elliott Wave count on your chart at a specific Pivot point. The script uses our unique “Isolation Approach” to Elliott Wave analysis, which has been used in our MTPredictor software since 2001. The Elliott Wave counts include the WPT (Wave Price Target) zones, where the wave found is likely to end. WPT zones are Fibonacci Price clusters that are specific to the wave in question. The Script will find Waves, 2, 3, 4, 5 as well as the simple abc correction. The Script only focus on one Wave count with no alternate counts or X-waves or other complex corrections. We do this to keep things simple and uncluttered. The Wave count will only display on the chart if a valid count is found at the Pivot chosen.
This is designed to be used in conjunction with the MTP Swings Pivots, which are included in the MTP Analysis Script. Please refer to this script for more information on the MTP Swing Pivots. The user has several options (Pivot Number, Last Pivot, Pivots Back or Bar Number) on how to choose the Pivot to display the Elliott Wave count from.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
MTP TrendThe MTP Trend script gives an easy to understand guide to the direction of the larger degree trend. Blue for up, Grey for neutral and Red for down. The colours are plotted on a 5/34 oscillator. The script is calculated using the position of the market relative to the MTP DP levels using the Major swings on the current Chart. It is the colour of the indicator that is important, not its level above or below the 0 line. It is designed to be used in conjunction with the MTP Decision Point (DP's) on the higher time frame chart. For more information on the MTP DP levels, please visit the publication of the MTP DP script.
The script also contains the MTP strength bands (these are the grey lines on the indicator), which are used for deciding whether to run your position using an trailing stop. When the Market is “strong” (MTP Trend indicator is beyond the grey strength band) as the market reaches its projected Profit target, then the trader should consider swapping to a trailing stop to look to run their position further.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
MTP Decision PointThe MTP Decision Point (DP) is a tool to project “in advance” future support / resistance levels on your Chart. It is calculated using clusters of Fibonacci and Geometric Price levels.
The MTP Decision Point (DP) levels can also be used to help determine the larger degree trend, as the market moves from one DP level to another. Traders can then look to trade "in the direction of" this larger degree trend when, and only when, the picture is clear (i.e. the market is making clean reversals at DP levels). Ideally, Traders should look to use the larger degree trend on a chart time frame between 3-5 times higher than the one they are Trading on. Eg look to a Weekly when trading on a Daily time frame, or look to a 15min when Trading on a 3min time frame. Please remember, that a market is usually only in a clear picture about 50% of the time, the rest of the time, the market picture is unclear and as such should be avoided.
This is designed to be used in conjunction with the MTP Swings Pivots , which are included in the MTP Analysis Script. Please refer to this script for more information on the MTP Swing Pivots . The user has several options (Pivot Number, Last Pivot, Pivots Back or Bar Number) on how to choose the Pivot to display the DP level from.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
MTP VSThe MTP VS Indicator is designed to identify high volume spikes, with the aim of finding “fake-outs”, where markets break out from previous swing highs or lows but then reverse at levels of MTP DP support/resistance. This is usually where the “professional money” enters the market to produce a sharp swing in the opposite direction. For more detail of the MTP DP support/resistance levels, please visit the publication of the MTP Decision Point (DP) script.
There is a risk in Trading and Investing. Losses can and will unfold.
The script is available as an “invite-only” script, as part of the MTPredictor suite of tools on Trading View.
To obtain access, please go to the web page in our signature that appears below.
