PSP - Swing Point - Daye Quarterly Theory - 2 AssetsFollow me on Twitter @Crypto_MM_
This indicator detects divergences in candles across two closely related assets. For example, when NQ closes bullish and ES closes bearish these candles are coloured Orange. The colour can be changed in the settings.
In addition there is swing point detection. However, instead of displaying all of the swing points that occur, this indicator will only label those which occur on candles which show a divergence between two closely related assets.
These have been named Precision Swing Points, or PSPs, by Trader Daye and are a key part of his teaching on Quarterly Theory.
This works across all timeframes.
I am also planning to release two other verions:
- One which detects PSPs between 3 assets
- Another which detects PSPs that occur when assets 1 and 2 (NQ and ES, for example) diverge vs asset 3 (for example, YM). If NQ and ES both close bullish, but YM closes bearish, this will be labeled
Other indicators which are show on the chart below and are highly recommended for Quarterly Theory:
Quarterly Theory Smart Money Assistant - - by x.com
Triad QT Beta - - by @darkmiki2
Daye Quarterly Theory by toodegrees - - by toodegrees
ICT NWOG/NDOG - - by Fadi
ES 5m Chart vs NQ (above)
Notes:
- I recommend adding this script to both assets as one may be a swing point and the other not
- Candles which closes the same as what they open at are considered bullish
Quarterlytheory
PSP - Swing Point - Daye Quarterly Theory - 3 AssetsFollow me on Twitter @Crypto_MM_
This indicator detects divergences in candles across three closely related assets in a 1vs1vs1 scenario. For example, when NQ and YM close bullish and ES closes bearish these candles are coloured orange. The colour can be changed in the settings.
In addition there is swing point detection. However, instead of displaying all of the swing points that occur, this indicator will only label those which occur on candles which show a divergence between three closely related assets.
These have been named Precision Swing Points, or PSPs, by Trader Daye and are a key part of his teaching on Quarterly Theory.
This works across all timeframes.
I have also created the same indicator in for two other scenarios:
- A 1vs1 scenario (for example, NQ vs ES), you can find that here:
- A 2vs1 scenario (for example, NQ and ES close bullish, but YM closes bearish):
Other indicators which are show on the chart below and are highly recommended for Quarterly Theory:
Quarterly Theory Smart Money Assistant - - by x.com
Triad QT Beta - - by @darkmiki2
Daye Quarterly Theory by toodegrees - - by toodegrees
ICT NWOG/NDOG - - by Fadi
Notes:
- I have not used this script. I use the other two listed above as it makes the chart less noisy. This has worked better for me than highlighting each and every candle that diverge across 3 assets
- Candles which close the same as what they open at are considered bullish
