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Primus Smart Money

FREE

Published: 21 August 2018

Current version: 1.7

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Overview
Reviews (1)
Comments (17)
What's new

Primus Smart Money

Indicators
Philip Muga
Version: 1.7
Updated: 6 March 2020

Primus Smart Money is an indicator that shows the average of bulls and bears on an asset. Used as a confirmation indicator for bullish and bearish control to assist in predicting future price moves

Advantages

Used in ALL financial markets including binary options on ALL asset classes or instruments.
To be used as a confirmation tool with other indicators

Parameters

Period - default set to 9 (Recommended)

Entry requirements

Focus on the clusters on the indicator - the height or depth of the bars and the number of bars in that cluster
The recent clusters is compared to the previous clusters of bulls[green] & bears[red] to determine who is in control of the market
When the clusters of smart average bulls & bears are in confluence with another indicator be it harmonic patterns, ichimoku, moving averages, fibonacci, bollinger bands, support resistance structure and any other custom indicator in your trading arsenal then you are looking at a high probability potential trade
Entry should only be taken close to a key level - either after a breach of that key level or a bounce off that key level as shown on the charts with the primus smart money cluster moving from bullish to bearish for a short move and vice versa

Recommendations

To be used as a confirmation tool with other indicators
Back test on simulator FIRST then forward test on DEMO for at least 1 MONTH

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Filter:

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adnanadnan 2021.04.10 14:07 #

removed

Version 1.7 2020.03.06

Minor changes to bar calculations

Version 1.6 2019.12.17

Changes to bar calculations

Version 1.5 2019.09.19

Minor improvements to bar calculations

Version 1.4 2019.09.06

Improvements to cluster readings

Version 1.3 2019.07.03

Improvement in volume visuals on the right side for easy readings of bulls and bears

Version 1.2 2019.06.21

Improvements in bar calculations

Version 1.1 2019.01.24

Pop Up Screen Cross Over Alert Signal With Price