NXT2017

[Tutorial] RSIwings (swings) for find pyramiding entries ->hh,ll

This indicator show higher high + higher low and lower high + lower low -> based on RSI modification.

HOW I USE
On a longsetup I set a buyorder on the high, if the RSI swings show red the first time. My stoploss I choose on the lowest price from the red swing before.
After every ending bar without tradeentry I move the buyorder step by step on the last high till the price move up and the longtrade start.
The same game I use for sellorder with the green swings, if I want a shortsetup. Best times for this are retracements from a trendchannel i.e.

HOW I PYRAMIDING
From swing to swing with the same color I move my stoploss. If my risk are 100 USD and with the next moving stoploss are only 60 USD in risk, then I have 40 USD for my next pyramiding trade in the same trendsetup.

WHEN I MOVE MY STOPLOSS
If I have choose a stoploss, than this is fixed till the last highest/lowest price from the other swing is broken.

Any questions? Ask me!
Favori Komutlardan Çıkart Favori Komutlara Ekle
Great script, can you add code for setting alerts signals somewhere in the middle of the red zone and at the end of the green zone?
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Hi, I would be interested to try out your RSIEW if you publish it...looks brilliant. Thanks!
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NXT2017 MJC77
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nice job, but where i found RSIEW?
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NXT2017 PREM1Z
@PREM1Z, thanks a lot. Ya the RSIEW I build for counting Elliott Waves. I think I hadn't publish this anytime before... but no Problem, I send you a message if I publish.
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PREM1Z NXT2017
@NXT2017, okay thanks, im waiting :)
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NXT2017 PREM1Z
@PREM1Z, hey I want to tell you, I have already pubilished the indicator RSIEW
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