This indicator uses a custom MA as well as RSI bar-flips, as a form of pivot point, to signal the direction of the trend. The triangle markers on the chart are the RSI flipping from negative to positive, and vice versa. The lighter shaded candles are up candles, the darker shaded candles are down candles.
This strategy attempts to replicate the PowerX strategy as described in the book by by Markus Heitkoetter Three indicators are used: RSI (7) - An RSI above 50 indicates and uptrend. An RSI below 50 indicates a downtrend. Slow Stochastics (14, 3, 3) - A %K above 50 indicates an uptrend. A %K below 50 indicates a downtrend. MACD (12, 26, 9) - A MACD above the...
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 implements the Power X trading strategy by Markus Heitkoetter and Rockwell Trading. The strategy is described in detail in "The PowerX Strategy: How to Trade Stocks and Options in Only 15 Minutes a Day" written by Markus Heitkoetter. The Power X trading strategy uses RSI, Slow Stochastic and MACD indicators. When RSI and Slow Stochastic are both...
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...