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Prometheus Smart Money

Prometheus Smart Money is an indicator that combines both price & volume with calculations based on other custom indicators, smart volume and retail volume to create this leading indicator that gives you high probability moves to help you make a decision on what is MOST likely to happen in the market going forward

Advantages

  • You can use it in ALL financial markets including binary options on ALL asset classes or instruments.
  • You can use it as a stand alone indicator or as a confirmation tool with other indicators

Parameters

  • Smart Volume Period - recommended period for accurate calculations is 10 or 20
  • Retail Volume Period - set number of bars back to calculate retail volume default bars is set to 100
  • Probability Alert - set probability screen alert on high probability potential trade setup which is ONLY triggered when smart volume, retail volume and high probability % are in confluence

Probability key

  • 0% - 30% - low probability
  • 30% - 60% - average probability
  • 60% - 80% - high probability
  • 80% - 90% - possible reversal
  • 90% - 100% - strong trend

Entry requirements

  • Focus on is the clusters on the indicator - the height of the bars and the number of bars in that cluster
  • The recent clusters is compared to the previous clusters of bulls[blue] & bears[red] to determine who is in control of the market
  • When the clusters of smart volume, retail volume & %probability are in confluence 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 it all depends on your strategy

Recommendations

  • Back test on simulator FIRST then forward test on DEMO for at least 1 MONTH

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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
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Prometheus Trade Engine is an indicator that combines price action, ratio based indicator with custom indicators& other lagging indicators to create this leading indicator that has a multi-timeframe approach to trading so that you are able to see what other timeframes are doing all in one chart and give you high probability trade setups to assist you to make a prediction on what is MOST likely to happen in the market going foward Chart Features 1. Reversal Zone It is the rectangular box on
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Version 1.8 2019.01.30
Bug fixes
Version 1.7 2019.01.29
Changed the Smart Volume to an Oscillator for an easy read of clusters of Bulls & Bears
Version 1.6 2018.08.30
price to show on the crossover alerts
Version 1.5 2018.08.29
Fixed errors on screen & crossover alerts
Version 1.4 2018.08.28
smart volume crossover screen & email alert
Version 1.3 2017.12.06
Changed smart volume, retail volume and probability display
Improved on smart volume reading
Increased the font size on retail volume and probability display
Version 1.2 2016.08.12
Changed smart volume, retail volume and probability display
Added panel color change option
Version 1.1 2016.06.22
Errors on XAGUSD,M15 fixed