Technical Indicator Pool — Strategy by GrantPeace

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This is for Bundle holders who want to use the Technical Indicator Pool for scalping binary options.

Understanding the Technical Indicator Pool

The Technical Indicator Pool is a strategy that operates on the premise that when many technical indicators project the same sentiment, they are concurrently more precise. The technical indicator pool contains five indicators

1. Small MACD Moving Average (SFMA) (10,15)
2. Large MACD Moving Average (LFMA) (13,18)
3. Parabolic Stop and Reverse (PSAR) (0.05, 0.05, 0.05)
4. Relative Strength Index (RSI) (14, 70, 30)
5. H/L Pivot (13)

When all five indicators project the same sentiment within a defined period (known as BarPeriod), an order is placed in the direction of sentiment.

Note:

Due to the nature of the indicator pool, such as the moving averages within the MACD and RSI as well as the High/Low Pivot, false positives may occur before the bar has closed within the time stamp.
This point of reference is to be used in combination with an arsenal of trading tools and should not be used as direct investment advice.

Option strategies should always include stop losses.
This strategy operates using a lot size of 2.5.

Release Notes:

Added alerts for Buying Long, Closing Long, Buying Short, and Closing Short.

Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.

www.kenzing.com

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact GrantPeace for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

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