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PTS-Precision Index Oscillator Pi-Osc for MetaTrader 4 - 5
Designed to find precise tops and bottoms that occur in Futures, Forex, Stocks and Crypto currencies
Tired of all the hard work seeking out when the market is over extended? This product does all the hard work so you dont have to. Let this product save your valuable time
Re-engineered fast loading saving formula loads up in under 3 seconds on charts in the MT4 platform. This product can do your analysic for you in rapid time
PTS-Precision Index Oscillator on Nasdaq 1 minute chart shown on MetaTrader 4 - Often the extreme peak is found |
Tutorial Video basic
Guidelines for using Precision Index Oscillator in MetaTrader 4-5
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PTS Pi-Osc V2 - otherwise known as Precision Index Oscillator. Description for MetaTrader 4 and 5 useage |
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The Precision Index Oscillator (Pi-Osc) by Roger Medcalf of Precision Trading Systems Version 2 has been carefully recoded to be super fast to load up on your chart and some other technical improvements have been incorporated to enhance experience. Pi-Osc was created to provide accurate trade timing signals designed to find extreme exhaustion points, the points that markets get forced to go to just to take out everyone's stops. This product solves the age old problem of knowing where the extreme points are, which makes the life as a trader much simpler. This is highly complex consensus indicator which has some powerful differences to industry standard oscillators. Some of the features it uses are divergences in Demand Index, Money flow, RSI, Stochastics, pattern recognition, volume analysis, standard deviation extreme points and many such variations of the above in different lengths. At first glance to the untrained eye it would appear like any other oscillator, but when viewing it in juxtaposition with other oscillators such as RSI or momentum etc. the true power of this indicator begins to emerge. To my knowledge there is no other oscillator which can frequently pinpoint exact tops and bottoms with the same regular efficiency. The Precision Index Oscillator is comprised of many different mathematical equations which measure price and volume movement in multiple time frame sampling that predict with a high degree of accuracy where turning points in trends are likely to occur. PTS Pi-Osc V2 is extremely simple to use and the top and bottom early warning signals are flagged up when + or - 3.14 is reached, the actual trade signal the Precision Index Oscillator gives is when it moves away from Pi. It is advisable to wait for the trend to begin reversing in direction before the signal is taken as not all signals will reverse on the touch of plus or minus Pi. A moving average of approximately 10-20 period can be used and waiting for that to begin reversing before taking trades. Alternatively one can use the highest high of approximately 6-20 bars to enter long trades when the bounce up from -3.14 is observed and vice versa for shorts. Highlights are provided to display the signals in a clear and precise manner. Alerts are enabled by default so you can be at your screen ready to get in the next trade. This signal indicates a high probability that the next bar will reverse. Sometimes a large move will result, others may be small moves and occasionally the signal will fail and the price will not reverse. As with most technical analysis methods if a signal fails to come to fruition it is best treated as a continuation signal of the existing trend. There is no guarantee of a winning trade coming from every signal and traders must employ exit stops and good risk management if they are to be successful in the long run. Stops are totally essential with this product. (Suggested value of a tight stop 2 x ATRs and 5 x ATRs for a wider stop) Trades can be exited when the trend reverses again by using the moving average entry method but a little bit slower to allow your position the best change of becoming a big winner. Important: The Pi-Osc has 8 rules which must be obeyed 1. Trade in the direction of the major trend 2. Find the time frame that has worked best in historical testing 3. Always use stops 4. Wait for the trend to begin turning before entering the trade. 5. Wait for the bounce away from Pi. 6. Wait for the bounce away from Pi. 7. Wait for the bounce away from Pi. 8. Remember the other seven rules. Please see my website for more screenshots videos and information. Just copy and paste the title of this article into search to find it. A big thank you to Iron Condor for working extensively on this code to make it load and run faster with increased efficiency. Execution of trades. Exercise caution with this product. Always always use a stop loss. The safest and least risky method is to wait for the trend to begin rising after you see a Pi-"event". This is subjective to your own definition of how to measure the trend as "rising" but I would suggest waiting for a 8-20 period Exponential average to turn in direction before selling. Once the trade is entered you can implement a trailing stop to allow maximum potential upside, and if your style is one of wanting to take quick profits, then it is wise to take only some partial profits and give the remaining position a chance to go further and form a big trend Sometimes you might wait up to twenty bars after the 3.14 event is seen before the trend begins changing. Much longer than this and it gradually negates the signal as it shows the signal is non valid and the safest decision is to stay out of the market. Market selection is important. Avoid markets in an endless trend as Pi-Osc like to work on choppy and ranging market such as futures, forex, stocks and cryptos. Smoother trending market such as investment trusts and that ilk are usually better suited to a trend following approach. You can observe the past signals and often history repeats with a good previous signals tending to indicate that future signals may also be good. (This is not certain of course) This is also true of a market showing several historically bad signals leading to more bad signals. If the past performance of this indicator is poor on the market you are viewing, then move to another market until one is found where the readings show good rallies after the signals in historical data. Time frames. This product can be applied to any time frame of market but be aware as is stated above, to check the previous performance of the signals I have seen plenty of valid signals on 1 minute charts right up to weekly charts. Idiosyncrasies. It can often be seen that Pi-Osc goes into a trundle pattern, that is locked at the extreme of plus or minus 3.14. These are treated the same, waiting for the bounce and a trend change of direction before entry. Thanks for reading this and please read it a few more times to fully understand the points mentioned. After that please spend some time changing settings and markets to fully appreciate how it operates. What to expect Using this product you will see some spectaculor calls that pick the precise high of a big move up AND you will see signals that fail. This is why stop losses are essential coupled with good risk management. Below is Etherium USD 1 Minute chart |
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Detailed additional information is provided on this pages Risk management in the sense of protection from market crashes with guidelines on stops to enter shorts. Optimal trade size for maximum gains Beginners and intermediate traders guide tutorial in six parts with examples diagrams and a few multiple choice questions |
Disclaimer
When purchasing this item you agree that you have read the disclaimer above |
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| Admin notes |
| Page created on September 25th 2023 - New responsive page GA4 added canonical this. 5/5 html sm links added - responsive- 32 degrees outside today |