This indicator helps traders staying on the right side of the market and increasing their portfolio exposure as the market health improves. Nothing kills more accounts than trying to pick a bottom by loading positions below all kma’s. What if the market rollover? Then you take a major hit on your p&l. The goal is to increase your maximum allowable exposure as the market confirms his way above key moving averages (kma’s).
Features ■ You can select the indices reference you prefer to calculate the max exposure ( IWM , QQQ , SPY ) ■ You can see the price extension for kma’s (5,10,21,50 dma) ■ Use the current symbol or lock on your preferred reference indices
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Add option to plot the relevant moving averages
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Updated the exposure levels based on the newly defined PrimeTrading rules and added the recommeded trade styles:
- Small changes to the exposure level calculations - Use SPY instead of QQQ as default index - Added large text size
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- improved exposure calculations - improved options to change calculations based on chart ticker / timeframe - added auto dark mode based on chart background color - added new styling options
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New Exposure model (marked based / daily MAs): - Price < 50 SMA & Price < 21 EMA -> 0% (SHORT exposure only) - Price < 50 SMA & Price > 21 EMA -> 20% (LONG exposure only) - Price < 50 SMA & 10 EMA > 21 EMA -> 30% (LONG exposure only) - Price > 50 SMA & Price > 21 EMA -> 50% (LONG exposure only) - Price > 50 SMA & 10 EMA > 21 EMA -> 60% (LONG exposure only) - Price > 50 SMA & 21 EMA > 50 EMA -> 100% (LONG exposure only)
Excellent bro, I was doing it manually being a my key rule. Just one observation
Instead of Price > 50 SMA & 10 EMA > 21 EMA -> 60% (LONG exposure only) Price > 50 SMA & 21 EMA > 50 EMA -> 100% (LONG exposure only)
it should be :- Price > 50 SMA & 21 EMA > 50 EMA -> 60% (LONG exposure only) Price > 50 SMA & 10 EMA > 21 EMA > 50SMA -> 100% (LONG exposure only)
I_quacker_I
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Nice, any chance you could bring back custom colours for the MAs like in the previous version?
kurp
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Can you share the script for this indicator?
Jalily
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Hello, so for example if we have this condition in one stock "Price < 50dma & Price > 21dma = 40%", it´s suggesting me to take 40% of a normal position in that trade at that momment? Thanks for the contribution!
HikoStory
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@Luchato, The exposure refers to your overall stocks portfolio and is calculated based on key moving averages of the selected market index. For instance you like trading small / mid caps, then you can select IWM as your prefered market index. Imagine we are in a bear market and the index is below all key moving averages, so the exposure would show 0% and you should be 100% cash. Now if IWM climbs above a relevant moving average, the exposure will increase. In the first step IWM price needs to be above 5 EMA and the exposure will jump to 20%. So you can look for possible setups to increase your exposure to 20% to get back in the market. When you are in a long uptrend and the exposure is at 100% you should be fully invested and it will warn you to reduce your stocks, when the market gets weaker. Therefore it will help you scale in and out of the market based on the market index health.
I was doing it manually being a my key rule.
Just one observation
Instead of
Price > 50 SMA & 10 EMA > 21 EMA -> 60% (LONG exposure only)
Price > 50 SMA & 21 EMA > 50 EMA -> 100% (LONG exposure only)
it should be :-
Price > 50 SMA & 21 EMA > 50 EMA -> 60% (LONG exposure only)
Price > 50 SMA & 10 EMA > 21 EMA > 50SMA -> 100% (LONG exposure only)