Good day bros just came back with litle feed back i think PR is good indicator with lot of potential but i want to push the idea further and want to know the logic behind PR indicator and where to find similar indicator like PR to further test the potential ,,

Piphunterss wrote: Sat Dec 14, 2024 7:04 pm Good day bros just came back with litle feed back i think PR is good indicator with lot of potential but i want to push the idea further and want to know the logic behind PR indicator and where to find similar indicator like PR to further test the potential ,,

do you know any similar indicator?

Unfortunately i dont know sine there is no description or author name in indicator tab i dont even know how this indicator operate on what logic , if u tell me the mechanism i will try to find similar logic

hello @vzulaks
whats the name of this volume indicator in this system ?

I think PR indicator is may be Waddah Attar Explosion or Snake force indicator.
may be our senior may know well.

alpha24 wrote: Sun Dec 15, 2024 2:11 am I think PR indicator is may be Waddah Attar Explosion or Snake force indicator.
may be our senior may know well.

It seems that the indicator analyzes price data across two timeframes, calculate ratios of price movements (high-to-low, close-to-close, etc.), and plot these ratios as histograms. While being influenced by concepts from existing indicators like Waddah Attar Explosion, multi-timeframe RSI, or similar tools, it seems an original approach, purely mathematical.

Cagliostro wrote: Sun Dec 15, 2024 2:43 am It seems that the indicator analyzes price data across two timeframes, calculate ratios of price movements (high-to-low, close-to-close, etc.), and plot these ratios as histograms. While being influenced by concepts from existing indicators like Waddah Attar Explosion, multi-timeframe RSI, or similar tools, it seems an original approach, purely mathematical.

In fact, I don't understand the algorithm very well about the source code, but the fact that it creates a bar when there is a volume of sold or bought shows that the shark is active in that area. In fact, the concepts we define for it or name it are just ways to understand the problem, but it doesn't matter what it is to make it difficult to understand your photo. A way to make it easy for everyone to understand is a simple and effective concept.

Piphunterss wrote: Sat Dec 14, 2024 7:04 pm Good day bros just came back with litle feed back i think PR is good indicator with lot of potential but i want to push the idea further and want to know the logic behind PR indicator and where to find similar indicator like PR to further test the potential ,,

I wandered around Forex forums and I accidentally saw it on a Russian forum. There is a similar indicator called kiosko v15 but it doesn't give signals that match the rules I set on my system so I don't use it. There is another indicator called Vertex but it also doesn't match. It was recoded by someone else and named PR, which can be understood as an point reversal .

Piphunterss wrote: Sun Dec 15, 2024 12:26 am Unfortunately i dont know sine there is no description or author name in indicator tab i dont even know how this indicator operate on what logic , if u tell me the mechanism i will try to find similar logic

In fact, I have found before that there are 2 indicators, Kiosotto and vertex, which do not give signals like PR. It is just a bit difficult for newbies, but for those who have experience in the market, this system is too simple.

Cagliostro wrote: Sun Dec 15, 2024 2:43 am It seems that the indicator analyzes price data across two timeframes, calculate ratios of price movements (high-to-low, close-to-close, etc.), and plot these ratios as histograms. While being influenced by concepts from existing indicators like Waddah Attar Explosion, multi-timeframe RSI, or similar tools, it seems an original approach, purely mathematical.

Correct.. I found that PR indicator is same as 88Filter indicator with little modification.. and I think its coming from vertex family. but 88 filter is repainting badly until price start in reverse directions. So for finding top and bottom we need some solid non repainting indicator.