NXT2017

[Tutorial] RSIwings (swings) for find pyramiding entries ->hh,ll

This indicator show higher high + higher low and lower high + lower low -> based on RSI modification.

HOW I USE
On a longsetup I set a buyorder on the high, if the RSI swings show red the first time. My stoploss I choose on the lowest price from the red swing before.
After every ending bar without tradeentry I move the buyorder step by step on the last high till the price move up and the longtrade start.
The same game I use for sellorder with the green swings, if I want a shortsetup. Best times for this are retracements from a trendchannel i.e.

HOW I PYRAMIDING
From swing to swing with the same color I move my stoploss. If my risk are 100 USD and with the next moving stoploss are only 60 USD in risk, then I have 40 USD for my next pyramiding trade in the same trendsetup.

WHEN I MOVE MY STOPLOSS
If I have choose a stoploss, than this is fixed till the last highest/lowest price from the other swing is broken.

Any questions? Ask me!
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Great script, can you add code for setting alerts signals somewhere in the middle of the red zone and at the end of the green zone?
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Hi, I would be interested to try out your RSIEW if you publish it...looks brilliant. Thanks!
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NXT2017 MJC77
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nice job, but where i found RSIEW?
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NXT2017 PREM1Z
@PREM1Z, thanks a lot. Ya the RSIEW I build for counting Elliott Waves. I think I hadn't publish this anytime before... but no Problem, I send you a message if I publish.
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PREM1Z NXT2017
@NXT2017, okay thanks, im waiting :)
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NXT2017 PREM1Z
@PREM1Z, hey I want to tell you, I have already pubilished the indicator RSIEW
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