PET-D indicator
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As far as I know, the PET-D indicator is not very well known publically. After all, ‘someone’ (the creator) is hyping it to shreads and selling it for few hundred dollars. EDIT: Apparently $2,995.
I looked it up a few months ago, and someone said that the PET-D behaves very similar to a comparing price to a simple exponential average of 15 periods (http://www.protraderstrategies.com/steven-primo-dyamic-duo/). Not exactly of course, but close enough. If you combine that with whether the bar is red/green and it’s body/range ratio, then maybe you can create something similar.
I googled it and it seems like the MT4 code for PET-D could be found in the file for this strategy. It would need to be converted for PRT: https://www.forexstrategiesresources.com/scalping-system-iv/452-pet-d-scalping-system/
EDIT: Took a look at the code. Apparently this is what you get for that price:
123456789101112131415161718192021222324252627282930313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899//------------------------------------------------------------------#property indicator_chart_window#property indicator_buffers 2#property indicator_color1 Lime#property indicator_color2 Red////////////extern int Length = 8;//extern int Price = PRICE_CLOSE;//////////double bartu[];double bartd[];double trend[];double vel[];//-------------------------------------------------------------------////-------------------------------------------------------------------//////////int init(){IndicatorBuffers(4);SetIndexBuffer(0,bartu); SetIndexStyle(0,DRAW_HISTOGRAM);SetIndexBuffer(1,bartd); SetIndexStyle(1,DRAW_HISTOGRAM);SetIndexBuffer(2,vel);SetIndexBuffer(3,trend);return(0);}int deinit() { return(0); }//-------------------------------------------------------------------////-------------------------------------------------------------------//////////int start(){int counted_bars=IndicatorCounted();if(counted_bars<0) return(-1);if(counted_bars>0) counted_bars--;int limit = MathMin(Bars-counted_bars,Bars-1);//////////for(int i=limit; i>=0; i--){//vel[i] = iVelocity(iMA(NULL,0,1,0,MODE_SMA,Price,i),Length,i);vel[i] = iMA(NULL,0,8,0,MODE_EMA,0,i);bartu[i] = EMPTY_VALUE;bartd[i] = EMPTY_VALUE;if (iClose(NULL,0,i )> vel[i]) trend[i] = 1;if (iClose(NULL,0,i) < vel[i]) trend[i] = -1;if (trend[i]== 1) { bartu[i] = High[i]; bartd[i] = Low[i]; }if (trend[i]==-1) { bartd[i] = High[i]; bartu[i] = Low[i]; }}return(0);}//-------------------------------------------------------------------////-------------------------------------------------------------------////////////------------------------------------------------------------------////------------------------------------------------------------------//////////1 user thanked author for this post.
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