William’s Alligator Indicator The indicator is composed of 3 lines, representing alligator’s lips, jaw and teeth. The Jaw are a 13-period Smoothing Moving Average, moved by 8 bars into the future (Blue) The Lips are a 5-period Smoothing Moving Average, moved by 3 bars into the future (Green) The Teeth […]
Entry Signals
What Are Fibonacci Pivot Points And How Are They Used In ProRealTime?
Fibonacci Pivot Points Fibonacci Pivot Points use an alternative calculation method to standard Pivot Points for the support and resistance levels. I use the Fibonacci Pivots on my charts as in testing I found them to be more reliable as levels that the Standard Pivot Points even though more traders […]
100 Tick Candles My New Favourite Chart For Day Trading
In the past week I have tried new time frames and chart types having seen Trades By Matt using a chart type that was new to me My favourite has been the 100 tick chart This chart creates candle for each 100 ticks rather than using a measurement of time […]
What Are VWAP Bands And How Are They Used In ProRealTime?
VWAP Bands Volume weighted average price shows the average price weighted by volume over a period of time. VWAP bands are calculated by applying a standard deviation to the VWAP (similar to Bollinger Bands) The example below shows VWAP centrally with one, two and three standard deviations above and below […]
What Is The Wilders Smoothing Moving Average And How Is It Used In ProRealTime?
Wilders exponential moving average (also called Wilder moving average or Wilder smoothing MA) The Wilders Moving Average is one of my favourite indicators for trend confirmation when using higher period moving averages due to the smoothing properties of the indicator. For lower periods moving averages such as Hull and the […]
Guppy Multiple Moving Average Indicator For ProRealTime
The Guppy indicator (Guppy Multiple Moving Average) created by Daryl Guppy is my favourite indicator that I use to correlate reversal points from either Harmonic Pattern Trades and resistance/support trades As you can see I use it to view the trend on multiple timeframes particularly noting the 15 and 15 […]
Harmonic Trading Pattern Resources
If you haven’t already checked out the resources from Scott Carney and are interested in trading Harmonic Patterns then please check out his Youtube Channel and consider signing up for his website https://harmonictrader.com/, the free membership gives access to four PDFs of his books adding up to over 1k pages. […]
Evolving Basic Momentum Strategies
Momentum Prorealtime Strategies Introduction A few weeks ago I recommended picking up the free systems that Artificall was providing for signing up to his newsletter with a view to either using or modifying them. The five Prorealtime codes were a little basic given the development principles in his E-Book “Get […]
Highest High And Lowest Low In A Time Period
IF OpenTime = 140000 Then MyHighest = high MyLowest = low Endif If OpenTime > 140000 and OpenTime <= 160000 Then MyHighest = max(MyHighest,high) MyLowest = min(MyLowest,low) Endif
Prorealtime Pivot Points Indicator And System Ideas
The indicator shows higher highs, higher lows, lower highs, lower lows along with pivot support and resistance levels and is a great tool both for manual and automated trading HH HL LL LH Levels Final Automated Trading Ideas: 1 Reversal patterns 2 Breaks of support/resistance 3 Retests of breaks (getting […]