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!
Remove from Favorite Scripts Add to Favorite Scripts
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?
Reply
Hi, I would be interested to try out your RSIEW if you publish it...looks brilliant. Thanks!
Reply
nice job, but where i found RSIEW?
Reply
@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.
Reply
PREM1Z NXT2017
@NXT2017, okay thanks, im waiting :)
Reply
@PREM1Z, hey I want to tell you, I have already pubilished the indicator RSIEW
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out