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Steve Primo's "Robbery" Indicator (PET-D)

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Here is the Link to youtube video. Its free. https://www.youtube.com/watch?v=AXJV0C7K6ww

I did not buy this indicator, I do not have the code. But Most likely this is what's is being calculated.

More Video here - http://www.protraderstrategies.com/primo-early-trend-detector-pet-d/

Compare this indicator with his charts shown in the video

Save another $495 bucks.

NOTE:
This is not the actual code for this indicator. This is my perception of the code. Here in these free video There are few examples, you can compare the robbery pet-d with the actual PET-D
https://www.youtube.com/watch?v=urL-Zkto8RM
https://www.youtube.com/watch?v=D1pgl2NPj7g

I have to agree, this is not perfect, Out of all the examples, There was one bar that did not match.
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//Created by UCSgears, Found PET-D Indicator for sale and Subscription via youtube
// Link : http://www.protraderstrategies.com/primo-early-trend-detector-pet-d/pet-d-members-area/

study(title="Steven Primo's PET-D", shorttitle="Pet-D", overlay=true)

petd = ema(close, 15)
up = close > petd ? green : red

barcolor(up)
Here is a script I threw together for thinkorswim. You can edit the color of the price bars in the code, as I use "blue" for bullish and "red" for bearish, because I am colorblind. Red and green look to much alike to me so it messes with me.

defineGlobalColor("Long", color.blue);
defineGlobalColor("Short", color.red);

assignPriceColor(if close is greater than or equal to MovAvgExponential("length" = 15) then globalColor("Long") else globalColor("Short"));
+1 Reply
JoeSkeeRock JoeSkeeRock
The previous script is for bar charts. This script is for Candlestick charts on thinkorswim. It draws colored arrows under each bar instead of coloring the whole bar. This way you can see if it is a bullish or bearish candle. You can change the color of the arrows using the settings icon.

def Positive = close is greater than or equal to MovAvgExponential("length" = 15);
def Negative = close is less than or equal to MovAvgExponential("length" = 15);

plot Bearish = Negative;
plot Bullish = Positive;

Bearish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
Bearish.SetDefaultColor(GetColor(5));
Bearish.SetLineWeight(2);
Bullish.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Bullish.SetDefaultColor(GetColor(9));
Bullish.SetLineWeight(2);
+1 Reply
ucsgears PRO JoeSkeeRock
@JoeSkeeRock, Great! Thanks for doing that.
Reply
JoeSkeeRock ucsgears
@ucsgears, No prob, hope it works for you!! Cheers
Reply
WaqarUsman JoeSkeeRock
Guys if Steve's indicator or strategy dont work why create this huge blog?
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I work with think or swim, pleeeeaasee can you make that indicator for TOS?
Reply
ucsgears PRO alexrog84
Its just EMA(15).
Reply
alexrog84 ucsgears
Thanks UCSGEARS... wow cant believe its so easy. xD
I really apreciate the help
Reply
cbezuid ucsgears
@ucsgears, thx
Reply
Many thanks for all your work with this.. don't know if I can use it though, being partially colour-blind.. get my reds and greens mixed up! I make my charts blue & orange and add contrasting tone. Depends on the area of colour, how well I can identify it. Anyway, I just discovered Steve's videos, which have helped to some degree. But from this page, I now see that there are probably other factors which can work around or re-explain some things he talks about. There are infinite points of view of everything and Steve and all of us are surviving the best we know how. This sort of thing (proprietary branding of stuff that might be found for free) happens in every field. But even 2,500 USD for the 'Pet-d) is 3,200+ AUD! A lot to pay when I wouldn't be able to see it properly anyway! Cheers.
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