UDAY_C_Santhakumar

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

Here is the Link to youtube video. Its free. www.youtube.com/watch?v=AXJV0C7K...

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 - www.protraderstrateg...rend-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
www.youtube.com/watch?v=urL-Zkto...
www.youtube.com/watch?v=D1pgl2NP...

I have to agree, this is not perfect, Out of all the examples, There was one bar that did not match.

Uday C Santhakumar
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?
//Created by UCSgears, Found PET-D Indicator for sale and Subscription via youtube
// Link : http://www.protraderstrategies.com/primo-early-trend-detector-pet-d/pet-d-members-area/

study(title="Steven Primo's PET-D", shorttitle="Pet-D", overlay=true)

petd = ema(close, 15)
up = close > petd ? green : red

barcolor(up)