Leading Trader Gamma - Reverse Engineer
My attempt to replicate the functionality of the 'LT Gamma' based on information available in Alessio Rastani's videos.
it would be best to watch one of Alessio's videos to get the full explanation of how to use the indicator but... I'll do my best to explain here.
The RSIG is a combination of the RSI and my MT Goomba strength indicator. Info on how to use RSI is available elsewhere and I'm relatively certain that most are familiar with it already. The defaults that are assigned for the channel values are 5% and 95%. Other than that it still indicates overbought and oversold in the same manner.
As far as the MT Goomba goes... the dots in the indicator of how agreeable the higher time-frames are with the time-frame you're in. Reds are bad, blues are good, the more dots for a given period the better.
Use in conjunction with other Leading Trader Reverse Engineer scripts for my attempt at replicating the Leading Trader experience.
I cannot guarantee this indicator will achieve parity with the basis indicator.
it would be best to watch one of Alessio's videos to get the full explanation of how to use the indicator but... I'll do my best to explain here.
The RSIG is a combination of the RSI and my MT Goomba strength indicator. Info on how to use RSI is available elsewhere and I'm relatively certain that most are familiar with it already. The defaults that are assigned for the channel values are 5% and 95%. Other than that it still indicates overbought and oversold in the same manner.
As far as the MT Goomba goes... the dots in the indicator of how agreeable the higher time-frames are with the time-frame you're in. Reds are bad, blues are good, the more dots for a given period the better.
Use in conjunction with other Leading Trader Reverse Engineer scripts for my attempt at replicating the Leading Trader experience.
I cannot guarantee this indicator will achieve parity with the basis indicator.