This indicator looks for confluence among three indicators (RSI, Stochastic, and MACD), a strategy popularized by Markus Heitkoetter in his book, “The PowerX Strategy: How to Trade Stocks and Options in Only 15 Minutes a Day”, and expands it to look for agreement on up to four symbols. Each indicator is configurable in the settings, as well as the ability to...
This script colors the bars according to the PowerX Strategy by Markus Heitkoetter: The PowerX Strategy uses 3 indicators: - RSI (7) - Stochastics (14, 3, 3) - MACD (12, 26 , 9) The bars are colored GREEN if... 1.) The RSI (7) is above 50 AND 2.) The Stochastic (14, 3, 3) is above 50 AND 3.) The MACD (12, 26, 9) is above its Moving Average, i.e. MACD Histogram...