ucsgears

UCS_S_Steve Primo - Strategy 1

Here is the code for Steve Primo Strategy #1 Long and Short Setups.

- Post your views and share the knowledge.

Watch his free videos on youtube for trigger and trade management
Remove from Favorite Scripts Add to Favorite Scripts
study(shorttitle="SP-S#1", title = "Steve Primo - Strategy #1", overlay = true, precision = 2)

//Indicator 1
lowerpc = lowest(low, 21)
upperpc = highest(high, 21)
midpc = avg(upperpc, lowerpc)

//Indicator 2
ma = sma(close, 50)
petd = ema(close,13)
rangema = ema(tr, 50)
upperkc = ma + rangema * 0.25
lowerkc = ma - rangema * 0.25

//Indicator 3
up = rma(max(change(close), 0), 5)
down = rma(-min(change(close), 0), 5)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))

// PET-D
petdcolor = close > petd ? green : red
barcolor (petdcolor)


// ALL PLOT
plot (midpc, linewidth = 1, color = orange, title = "Mid Price Channel")
plot (upperpc, linewidth = 2, color = purple, title = "Upper Price Channel")
plot (lowerpc, linewidth = 2, color = purple, title = "Lower Price Channel")
plot (ma, linewidth = 3, color = black, title = "Trend - Long Term")
plot (petd, linewidth = 1, color = blue, title = "Trend - Short Term")

//Slope
SlopeL = midpc > midpc[5]
SlopeS = midpc < midpc[5]

//Condition
CL = SlopeL == 1 and close > lowerkc and close < midpc and rsi < 35 
CS = SlopeS == 1 and close < upperkc and close > midpc and rsi > 65 

//Setup
SL = CL == 1 and CL[1] != 1
SS = CS == 1 and CS[1] != 1

plotshape(SL, title="Long Setup Bar", style=shape.labelup, location=location.belowbar, color=lime, transp=25, text="SP #1 Long", textcolor = black)
plotshape(SS, title="Short Setup Bar", style=shape.labeldown, location=location.abovebar, color=orange, transp=25, text="SP #1 Short", textcolor = black)
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out