[NM]Bull and Bear Power trade signal - thanks to [RS]

Euro Fx/U.S. DollarFXCM

Description

⋅ Sep 8, 2015 9:28 PM

The base code for this indicator was created by RicardoSantos and can be found here :
tradingview.com/script/oQWiBbH5-RS-Linear-Regression-Bull-and-Bear-Power-V0/

What I added is a signal line that indicates when to buy and when to sell.

Advised use :

Combine with a zero-lag indicator like ZeroLagEMA_LB by LazyBear (suggested period = 34)
tradingview.com/script/LTqZz3l9-Indicator-Zero-Lag-EMA-a-simple-trading-strategy/

Then use the following Rules of engagement :
Current price > ZLEMA & Signal line of BBP_NM is green : BUY
Current price < ZLEMA & Signal line of BBP_NM is red : SELL

Please click the like button if you dig this indicator !

Comments

Dll

⋅ Sep 9, 2015 3:54 AM

Interesting, will do some test later. Thanks for sharing this!

Nico.Muselle

⋅ Sep 9, 2015 5:19 AM

You're welcome ! :)

FullTimeTrader

⋅ Sep 9, 2015 1:55 AM

Interesting, we could use it as confirmation for our setups. Regards.

Nico.Muselle

⋅ Sep 9, 2015 5:18 AM

Yep, should be good as an additional confirmation to your trade setups. Good luck and good trading !

ZarNegar

⋅ Sep 8, 2015 11:33 PM

Welcoming Mr. Nico
I have to say: Your analysis. The best analysis that I've seen on this site.

Nico.Muselle

⋅ Sep 9, 2015 5:17 AM

Thanks for your kind words, really appreciate it. Hope you enjoy the indicator. :)

Nico.Muselle

⋅ Sep 8, 2015 10:01 PM

For those who do not know how to add this indicator to their charts :

- click on the indicator button above your chart
- in the search text box, type 'BBP_NM'
- click the link that shows up on the right side of the pop-up window ...

To add the ZeroLagEMA_LB
- in the search text box type 'ZeroLagEMA_LB'

Et voila ! You are now ready to grab some pips !

bilk29

⋅ Sep 8, 2015 11:32 PM

Thank you

Nico.Muselle

⋅ Sep 9, 2015 5:17 AM

You are welcome !

riccardo.pradella

⋅ Sep 9, 2015 9:14 AM

sorry one question: i'am not able to add zerolagema, when i try instead of adding it, system add another time BBP_NM, even if i'am searching for zerolag, know why?