[MultiCharts] EOTPro End of Trend Trading Indicators for Multicharts 2.1(Closed Code)
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[MultiCharts] EOTPro End of Trend Trading Indicators for Multicharts 2.1 (Closed Code)
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Software Features
High probability trades are triggered by the big cyan and magenta dots. Exits are triggered in real time by the FIBEXTEOT and stops are placed above and below the magenta dots. These indicators are designed for the discretionary trader.
A BREAK DOWN OF EACH INDICATOR
1. FIBEXTEOT
This is a profit taking indicator. The triangles and dotted lines appear in real time when you need to take profits. The dotted lines are related to Fibonacci extensions. When price has reached a Fibonacci extension in combination with the End Of Trend indicator reaching 100 (Shown in Number 2), the indicator triggers. The trader is advised to take profits ASAP.
2.EOTTA and EOTPRO GVALU
This indicator is also used for profit taking. When this indicator reaches 100 and then turns down it is highly probable the end of the move has happened. We find this indicator highly useful in our trading. It keeps us from being caught on the bottoms and tops of the market. The this red dotted line, marks the short term cycles and helps determine best places for scalper to take profits.
3. EOTPRO EOT+ GVALU
An enhancement to the the End of Trend Indicator the Gvalu dots are designed to help determin high probabilty turning point in the market. Marked by the Red line and Green line.
4. THE MASTER INDICATOR
This indicators is designed to trigger you into entries. When you see a red dot you go short, a green dot go long. This indicator gives more trades for the scalper.
5. THE JAZZ MASTER KEY and JAZZ MASTER KEY BAR
This indicator is designed to trigger you in to a trade. Go long on a cyan dot and go short on a Magenta dot. Very similar to the master but more accurate. The Jazz bars, the Master key and many other indicators are built in to this one. This is one of Glens (OUfans) best. It is also available in a paint bar (not shown). Please see the movie for more info
An input for the user to select the trades with a max stop of (x) points. For example, the user selects a max stop of 3 points and the indicator only gives trades that meet the max stop of 3 points criteria, based on our trading rules. The traders risk is never more then 3 points when the indicator triggers a entry signal.
6. SHELLY`S VOLUME TIME ADJUSTED
This indicator is used to gauge volume sentiment in he market and is very powerful. One of the most important indicators we have.
7.JAZZ BARS
The Jazz paint bars are used to help confirm the entry indicators. The Jazz master key has this indicator built in to it already. The colors are designed to help you know when to get into a trade. For Example if the paint bars are red go short, but when the point bars are magenta the move is already over extended and may be too late to enter. If the bars are green it is safe to enter long but if the bars are blue, your entry may be too late. This indicator is designed to be used in combination with the the Master indicator.
8. PLOTCYCLES AND CYCLE MOVING AVERAGE
Plotcycles are the magenta dots on top of price action. Plotcycles do not appear in real time but a bar or 2 later. They are used as a guide to place our stops. Some people us them to place Fibonacci price retracement lines.
Cycle Moving average is the moving average on top of price action. When the cycle moving average is sloping down the indicator is red and green for up. This indicator also shows pullbacks in an uptrend and downtrend by the liter colors of green and red
9.MARKET SYNC
The market sync is designed as a filter to the entry indicators such as the EOTPRO JMK and THE PATTY B for example. The MARKET SYNC measures the difference between the short and long term cycle in the markets. When the predict points are above the Zero line the cycle bias is long, when the predict dots are bellow Zero the cycle bias is Short
and more indicators,try it yourself
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Installation Notes, Extra Information and Download/Mirror Links
Installation Notes
1. go to "run PLEditor"
2. select `File" and "Import read-only..
3.ok....finish
Enjoy!
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Last edited by itrader : 2008-Jun-18 at 12:37 AM.
Reason: update