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

Southwestern Energy CompanyNYSE

Description

⋅ Nov 1, 2014 10:42 PM

Here is the Link to youtube video. Its free. 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 - 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
youtube.com/watch?v=urL-Zkto8RM
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.

Comments

MattDeLong

⋅ Dec 20, 2017 3:36 AM

I published a slight variation of this here: tradingview.com/script/HIwA6Tcl-PET-D-Steve-Primo/

oubochi

⋅ Aug 13, 2019 3:49 PM

@MattDeLong, is this script still available?

JoeSkeeRock

⋅ Jan 4, 2017 5:56 AM

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"));

JoeSkeeRock

⋅ Jan 5, 2017 1:17 AM

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);

UDAY_C_Santhakumar

⋅ Jan 23, 2017 1:55 AM

@JoeSkeeRock, Great! Thanks for doing that.

JoeSkeeRock

⋅ Jan 28, 2017 8:07 AM

@ucsgears, No prob, hope it works for you!! Cheers

WaqarUsman

⋅ Jul 18, 2017 5:42 AM

Guys if Steve's indicator or strategy dont work why create this huge blog?

Gunslinger2005

⋅ May 23, 2020 2:13 AM

@WaqarUsman, cuz scams is they

CharlMoses

⋅ Jun 20, 2016 6:16 PM

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!

UDAY_C_Santhakumar

⋅ Jun 20, 2016 6:47 PM

That's why, its free here.....