ucsgears

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

24593 60 760
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.
Remove from Favorite Scripts Add to Favorite Scripts
//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)
2use
2 years ago
Money saver ! Or... looking at that last green, is the indicator even working for the benefit?
Reply
2use 2use
2 years ago
and 2014 june, which way is it? Different 3 consecutive same colors. also, how did you manage to code it so fast?:)
Reply
ucsgears PRO 2use
2 years ago
Questions for Steve Primo. Again, this is an indicator, Not a strategy. Strategy has rules for Entry, Exit, Stoploss - and sometimes Trade Management. If I have to pick a strategy, I will pick the one with all four (EESM). There are handful of professionals who share those entirely, for a price, Some share one of their best setup for free.
Reply
ucsgears PRO
2 years ago
For more information on how he is using it, Follow his channel on youtube. I will add the setups to this, and update. Give me some time. The setup releases will be as follows, the Strategy#4, Strategy#2. And others later. I will not be coding the Strategy #3, because, that is 99% copy of a respectful trader's work.
Reply
ChartArt
2 years ago
For such an extremely simple indicator the results are really good compared to all those much more sophisticated approaches:

snapshot
Reply
ucsgears PRO ChartArt
2 years ago
Thanks, I agree, the point is the mathematical relationship. I recently stumbled upon another indicator, which adds more sophistication to this, with blue bars (MQ power momentum, i guess).
Reply
2use ucsgears
2 years ago
Where can i find it ?
+1 Reply
Alphaoptions
2 years ago
Thank you or another nice contribution to the community! The video speaks of 3 color bars to confirm the trend change. Do you like that approach or simply use the bar color change. In the above example ignoring the first bar change only would have worked quite well (i.e. it appears you need only 2 consecutive bars the way you have written it.
Reply
ucsgears PRO Alphaoptions
2 years ago
It varies per person, Being a swing trader, I dont like the 3 bar confirmation and stuff, it gets really subjective. If you really need a good trend trading indicator check out UCS_CM_Slingshot.
Reply
Shepard PRO
2 years ago
Hmm... so this appears to be just a 15-period EMA (on the close) and nothing more. Is that correct or am I missing something?

Thx.
Reply
ucsgears PRO Shepard
2 years ago
yes, same thing coded differently, just like acceleration band, value bands
+1 Reply
Shepard PRO ucsgears
2 years ago
Cool. Appreciate the reply. Cheers. :-)
Reply
Taffypip Shepard
2 years ago
Have you looked at price above/below 8 EMA, not found a bar wrong.
Reply
Taffypip Taffypip
2 years ago
Based on close I should have added
Reply
Taffypip
2 years ago
Hi, have a look at price close above/below 8 EMA - it should get rid of the non matching bar.
Reply
ucsgears PRO Taffypip
2 years ago
His Pet-D is not based on EMA. He uses a different code...
+1 Reply
Algyros PRO ucsgears
2 years ago
But he does recommend using it to confirm a trade based on bullish or bearish engulfing candles or his strategy # 4. Do you have any thoughts on these strategies?
Reply
ucsgears PRO Algyros
2 years ago
His system is more of a Swing Scalping. Its not a bad idea...
Reply
Handicapper31 ucsgears
2 years ago
Hi Guys - I do not own the PETD - just commenting off the videos. In an early video Steve mentioned having 2 PETDs - a fast version and a slow version. He does not mention that in recent videos. He is likely using both during the presentations. Therefore no one indicator will match up to all charts. I agree with UCS that the indicator is not actually an EMA, but based on what I think the indicator is, the 8 EMA cross matches the "Fast PETD" and the 15 EMA does match up with the "Slow PETD" almost perfectly. Unbelievably the price of the PETD with Strategy #4 is up to almost $2,000!!!!
Reply
highstall Handicapper31
2 years ago
Hi Handycapper .....any chance you could post a pic outlining this?
Reply
craunico PRO
2 years ago
Steve just came out with a new video on the Dynamic Duo where he shows current trades using the Pet -D with Strategy 4. Its amazing, I compared current data of Steves examples and the indicator here is right on. Good work and thanks for the indicator
Reply
craunico PRO
2 years ago
Buy the way Dynamic Duo Special was 3200 dollars but you can get it now for 2500 dollars. Wow , what a bargin. Man I love trading View. Thanks everyone so much for sharing your excellent work
Reply
ucsgears PRO craunico
2 years ago
Yes, what a bargain, http://chartandplay.blogspot.se/2014/10/sometimes-free-indicators-with-price.html
Reply
highstall ucsgears
2 years ago
Thank You for sharing.....

is there a way to code for candlestick as in this video? https://www.youtube.com/watch?v=xHxG31ACjtU
Reply
ucsgears PRO highstall
2 years ago
snapshot

snapshot
Reply
highstall ucsgears
2 years ago
Thank You Ucsgears....that looks awesome
is that from the code you originaly posted?
Reply
ucsgears PRO highstall
a year ago
Yes, use the hollow candle instead of solid candles.
Reply
market11
a year ago
Great work . Thanks for sharing.
Reply
binaryking
a year ago
Great little find here, and thanks for sharing, I would like to be able to set alerts when the candles change from Red to Green and Green to Red, as well as plot an arrow on the top of the Candlestick it it is red as well as plot a arrow on the bottom if it is green, is this possible, something I can add to the code as I am not a coder. Thanks in advance.
+1 Reply
ucsgears PRO binaryking
a year ago
These are simple fixes. I can update this code for version 2, Please post suggestions for version 2
Reply
market11
a year ago
One of Primo's entry in a stock is when a bar or candlestick trades in the top 25% of total range and the subsequent bar or candlestick closes above the high of the previous candle. Maybe have a color for the 1st one and a different color for the second. I've looked a quite a few charts where that strategy seems to work.
Reply
ucsgears PRO market11
a year ago
Strategy #4 - I have published that one. Its got a low probability score in my evaluation with stocks.
Reply
market11 ucsgears
a year ago
Uc i wonder if you can check something out for me. On UWTI 5-28-2015 it closed at it's high, should there be a hollow green arrow and the confirming dark green arrow on 5-29-2015. Same thing happens on 6-15-2015 triggering a buy on 6-16-2015.
I appreciate your time.
Reply
ucsgears PRO market11
a year ago
There are two variations on Strategy 4... 1. Without pet-d Confirmation 2. With pet-d confirmation.

snapshot
Reply
market11 ucsgears
a year ago
How are they controlled? What's weird is i do have arrows just not on those particular ones.
Reply
ucsgears PRO market11
a year ago
Setting menu has options to check the "Confirmation for pet-d"
Reply
market11 ucsgears
a year ago
What i have doesn't have that feature. You're right i noticed it only shows up when pet-d confirmed. Is that feature found on strategy 4 menu?
Reply
ucsgears PRO market11
a year ago
UCS_S_Steve Primo - Strategy 4 - Version 2


Sorry, forgot to published it.
Reply
market11 ucsgears
a year ago
Not a problem UC. For a while there i thought i was loosing my mind. I appreciate your help and i think do others.
Reply
jimmyVzla
a year ago
It looks good comparing to history
Reply
agober1
a year ago
Hi,

I've never actually coded anything before and I was wondering how I get this into my trading platform?
Reply
ucsgears PRO agober1
a year ago
Trading view codes are pinescript. If you want this to be translated into other scripts, seek advice from experts in that script language.
Reply
blassino ucsgears
9 months ago
Hello ucsgears, I've been reading this whole post and wondering what the code is that matches Strategy # 4 with the PETD and if I can put it on my Thinkorswim platform...where do I get it? Is it free? I don't want to spend $2000 for Steve Primo's stuff and have to use TradeStation (they provide a reimbursement over time and have a deal with Steve Primo's company). Anyway, please let me know. Thanks!
Reply
CharlMoses
5 months ago
I bought this PET-D indicator and all I can tell you is I Lost $2500 as this is a load of shit! A complete waste of money. People please do not buy it!
+1 Reply
ucsgears PRO CharlMoses
5 months ago
That's why, its free here.....
Reply
CharlMoses ucsgears
5 months ago
I don't understand
Reply
ucsgears PRO CharlMoses
5 months ago
Almost all the "holy grail indicators" are a money pit. Unless, someone backs up with solid statistics. like, Risk to Reward, % Win Ratio, Max Drawdown, Min Profit, etc....... If they don't back it up those. You have one direction to run... That is totally the opposite direction of what the marketing material says. Trust me, we have all been through this, this frustration will get you no where, but how you recover from this is what matters.

If you follow my posts here and my blog. I am totally against the HOLY GRAIL sellers. Not many in my experience does a real, ethical job in this. My recommendation for you is to, take that money, and learn risking it in the market. So you get a feel for Risk to Reward.

A good strategy that makes money, has never been published. Why does Mr.Warren guards his secret?

- Good Luck
Reply
CharlMoses ucsgears
5 months ago
this thing does not even work
Reply
arsalann CharlMoses
9 days ago
@CharlMoses, Pet-D
Reply
arsalann CharlMoses
9 days ago
@CharlMoses, Hello Bro, Please can you share with me this ind. Im using metastock 11 I will be thank full toyou
Reply
DrDave
5 months ago
guys, if you find the "Robbery" indicator doesn't track the short-term trend very well, then why not go back to how Primo (and many others) determine the main trend. It is done using the SMA50, RIGHT???? So, if SMA50 is good enough for finding the main trend, of the "focus" chart, then why can't you just use SMA50 of a LOWER TIMEFRAME chart to find the short-term trend??? DUH! Use the same rules on the smaller chart as you use on the focus chart.

(Think about this: Many trade systems use both SMA50 and SMA200. If you are looking at a 1 hour chart, then A-HAH! That SMA200 is EXACTLY the same as looking at the SMA50 on the 4 hour chart! So the people on the 1 hour chart that see price nearing the SMA200 are now concentrating on the SAME THING as the people looking at the SMA50 on their 4 hour chart.)

For example, if you have the 1 hour chart as your focus chart, then try the 15 minute chart as the short-term trend chart and see how the "bar coloring" works out. But when determining the lower chart to use, ALWAYS start dividing by 2. So, you want to test various lower charts as the shirt-term trend chart to the 1 hour chart. So you will check 30 minute, 15 minute, 8 minute, 4 minute, 2 minute, 1 minute.

ALTERNATIVE Put more SMAs on your focus chart. So on, the 1 hour chart, put SMA50, 25, 12, 6, 3. Now decide which one is doing a "good enough" job of showing you the short-term trend using the Primo criterion of which side most of the bars are on.

(I won't go into a discussion of why to use 1/2 for each step. But there is some logic behind it.)

If you REALLY want to see which ratio of SMAs works best, then replace the SMA50 with the SMA64. Then evaluate SMA32, 16, 8, 4, 2, 1. So, if you are looking at the 1 hour chat and find that for YOU the SMA8 is good for the short-term trend with SMA64 for main trend, then you can change back to SMA50 and then add only the SMA6. Or... look at the 1 hour chart with SMA50 for the main trend and look at the 8 minute chart with SMA50 for the short-term trend.
Reply
ucsgears PRO DrDave
5 months ago
in my defense, Robbery is $4000+ for a simple indicator. That's it....
Reply
Trimilove
4 months ago
Great Find Steve...your charts, replicas are awesome. Do you think you could code this for TOS...it would help this poor soul out immensely. FX sniper VX3 and this one...I keep watching for more updates. Keep up the good work.
Reply
ucsgears PRO Trimilove
4 months ago
I am not Steve... !
Reply
Heartfire
3 months ago
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.
Reply
Heartfire Heartfire
3 months ago
I've just realised you've put arrows and 'long'/'short' labels on the chart, so I could use it after all. Fantastic! Many thanks again!!
Reply
alexrog84
3 months ago
I work with think or swim, pleeeeaasee can you make that indicator for TOS?
Reply
ucsgears PRO alexrog84
3 months ago
Its just EMA(15).
Reply
alexrog84 ucsgears
3 months ago
Thanks UCSGEARS... wow cant believe its so easy. xD
I really apreciate the help
Reply
cbezuid ucsgears
24 days ago
@ucsgears, thx
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out