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Prometheus Smart Money

Prometheus Smart Money is an indicator that combines both price & volume with calculations based on smart volume, retail volume & other custom indicators 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 - recommended period for accurate calculations is 10 or 20
  • Bulls & Bears - 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 structure level - either after a breach of that structure level or a bounce off that structure level as shown on the charts it all depends on your strategy


Recommendations

  • Use it on 1 minute or 5 minute chart for the better performance
  • Test this indicator on a demo account first for at least 2 weeks. Practice makes perfect.
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版本 1.2 - 2016.08.12
Changed smart volume, retail volume and probability display
Added panel color change option
版本 1.1 - 2016.06.22
Errors on XAGUSD,M15 fixed