OPEN-SOURCE SCRIPT
UCS_S_Steve Primo - Strategy 4
From Now, i will list strategies as UCS _S_ & Indicators will be UCS_I_
This is a short term Pullback / Bounce Strategy. Recommend using this on Daily Chart. Option strategies that work the best are (weekly options credit spread).
Further advanced traders can take advantages with Gamma Scalping on low IV.
Few more revision are planned
Rev 1. Add stoploss and target signals
Rev 2. Conservative Trade Entries.
Rev 3. Customized Settings for trading short and long term, with signals only plotted on daily chart.
For further understanding - youtube.com/watch?v=6tvigvpNJdI
This revision is from 2011. There are more information and hints on the recent versions, it seems. I do not own this strategy. I did not create this strategy. For further information and the current version -
protraderstrategies.com/stock-strategies/stock-momentum-trader-strategy-course/
Myself and tradearcher will keep this upto date. As he has volunteered to help with the track record of Steve primo strategies.
docs.google.com/spreadsheets/d/1I-BLZGJl612g3a8UoWhtRhdF1ECgM49djVbf5TQIHsM/edit?usp=sharing
Version 2 -
This is a short term Pullback / Bounce Strategy. Recommend using this on Daily Chart. Option strategies that work the best are (weekly options credit spread).
Further advanced traders can take advantages with Gamma Scalping on low IV.
Few more revision are planned
Rev 1. Add stoploss and target signals
Rev 2. Conservative Trade Entries.
Rev 3. Customized Settings for trading short and long term, with signals only plotted on daily chart.
For further understanding - youtube.com/watch?v=6tvigvpNJdI
This revision is from 2011. There are more information and hints on the recent versions, it seems. I do not own this strategy. I did not create this strategy. For further information and the current version -
protraderstrategies.com/stock-strategies/stock-momentum-trader-strategy-course/
Myself and tradearcher will keep this upto date. As he has volunteered to help with the track record of Steve primo strategies.
docs.google.com/spreadsheets/d/1I-BLZGJl612g3a8UoWhtRhdF1ECgM49djVbf5TQIHsM/edit?usp=sharing
Version 2 -
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Uday C Santhakumar
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