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MPI - Medic's Pulse Indicator v6
Actualizado
MPI - Medic's Pulse Indicator has been formed over years and thousands of trades. Its completely customized for me, MedicWill. I have analyzed my best trading as well as the worst trades and compiled a system to keep my head clear and not get distracted by market swings. This started as v1 with my good friend OhHeyMatty working on his Bart indicator. I then customized the base and wrote the accompanying scripts which all work in conjunction. I believe the patterns and safety built in can help any traders psychologically to not get caught in market manipulation. But as anything else, I fear misuse will just reinforce bad ideas. Be careful.
As a 20 year paramedic I feel I have found the pulse of the market so I built the MPI around keeping me clear headed and in touch with the markets. Everything is termed in medical terminology because that's the world I come from. When I look at a trade-able chart and a patients EKG, I see many similarities and patterns. I believe the system will work on anything that is trad-able, but I have only personally tested on BTC/USD pairs and optimized for 2 hr setting. Do not confused being optimized for 2 hour as the only use-able time frame. All time frames under and over 2hr are important, but the 2hr is the official signaler if other time frames agree. Seeing the patterns and using them together is the key.
I did not know how to code, I did not know script. I know how to find the best of people (and indicators) and put them together to create something very powerful. I tweaked it for my needs and make it optimized for myself. Ive been doing that my whole life.
This lead me to trying to find coders who could write what Im doing, Ive yet to find a coder that can do it, especially on Pine which I guess is shit ;).
There is no hesitation releasing the indicator as I know without the Medic Pulse Strategy, you will be creating your own way. The tools are here, and they are free. Figure it out, I did. If not, come talk to me. Show me how you figured out the MPI pulse and please come share your success with me. Its what I'm here for and would make me very happy to see the success spread.
I have no interest in selling indicators. I'm here to help the community. I've dedicated my life to helping others and this is just another extension of my commitment. As a paramedic, my scope of help is restricted to the people that get in my ambulance. Here I have the ability to spread help on much bigger scale.
My hesitation is in releasing a powerful tool without explaining how to use it. This is the secret sauce. So although my scripts will be free, its based on the years of trading and using the MPI showed me if used correctly can be very amazing, but just as anything else in life, if not used properly the results will not be as expected.
I have never back tested it besides just manually because Ive yet to find a coder that can put into code what I am doing and looking at.
So I just did it myself. Its my very first indicator and I am so excited to see what the future brings. What I have noticed is there is a difference between traders and coders. Trading is more of an art form than a science. I've been painting this art my whole life and never realized it. Hanging out with OhHeyMatty helped me understand the mechanic behind what I was seeing.
My assumption will be the first mistake traders will make is not referencing multiple times frames and getting stuck in a view they they WANT to see. I urge caution about letting your bias influence your views.
The MPI works best when you are not in a trade, and dont care which way the market goes. As professionals we do not care which way the market moves, we just know exactly what we will do no matter what it does.
This is KEY. The MPI does not target exits because the MPI reads the market, it does not dictate the market. You can use the same common targets, MA's etc, that everyone uses. If unsure, use those as everyone targets them. Over time your trust in the MPI will grow.
The beauty of the MPI is it will not take you out of a winning trade and NEVER caps gains. You position sizing and management will be key to your success. This is a big key. We ride the waves for as long as they let us, but we know when to jump off and catch the next wave.
We are wavenostic.
I like the idea of releasing the script for people and letting them create their own vision with it. I have no doubt there is someone out there that will see things differently and even might find a better way to use the MPI than I have found. This is very exciting.
If you find any benefits from the MPI and create your trading using it, please contact me and let me know!
Im so curious, and I know with all the powerful minds in this space, there is plenty of room for growth.
I dont need to talk about my gains or percentages. Working amazing for me does NOT mean it will or you.
But remember, that does NOT mean you CANT do way better than me. Its up to you. Do it.
Indicators designed to work together:
Medic's Pulse Indicator - Indicator v6 (MPI-v6)
Medic's Pulse Indicator - Pulse v6 (MPI-v6)
Medic's Pulse Indicator - RS (MPI-RS)
Medic's Pulse Indicator - WaveTrend (MPI-WaveTrend)
A very special and heart felt thanks goes out to my good friend and part of the fam, OhHeyMatty.
Matty shares my love for others and desire to spread as much good as possible. We know one of the ways we are strongest is helping people interpret markets. So please enjoy and best wishes!
And a heartfelt thanks goes to rapper and inspiration, Nipsey Hustle.
if you think that is just rap, I encourage you to listen to the words. Nipsey will always be someone special that inspires me on the deepest level. Same with 2Pac, Biggie and all the true OG's. Listen to the words before you tell me its just rap. You might be surprised, to the level of being overwhelmed with inspiration. Or you might just think its some thugs singing about money. The choice is yours.
Everything is what you make it. You decide. The world is what you make it. Make is amazing. Cheers!
As a 20 year paramedic I feel I have found the pulse of the market so I built the MPI around keeping me clear headed and in touch with the markets. Everything is termed in medical terminology because that's the world I come from. When I look at a trade-able chart and a patients EKG, I see many similarities and patterns. I believe the system will work on anything that is trad-able, but I have only personally tested on BTC/USD pairs and optimized for 2 hr setting. Do not confused being optimized for 2 hour as the only use-able time frame. All time frames under and over 2hr are important, but the 2hr is the official signaler if other time frames agree. Seeing the patterns and using them together is the key.
I did not know how to code, I did not know script. I know how to find the best of people (and indicators) and put them together to create something very powerful. I tweaked it for my needs and make it optimized for myself. Ive been doing that my whole life.
This lead me to trying to find coders who could write what Im doing, Ive yet to find a coder that can do it, especially on Pine which I guess is shit ;).
There is no hesitation releasing the indicator as I know without the Medic Pulse Strategy, you will be creating your own way. The tools are here, and they are free. Figure it out, I did. If not, come talk to me. Show me how you figured out the MPI pulse and please come share your success with me. Its what I'm here for and would make me very happy to see the success spread.
I have no interest in selling indicators. I'm here to help the community. I've dedicated my life to helping others and this is just another extension of my commitment. As a paramedic, my scope of help is restricted to the people that get in my ambulance. Here I have the ability to spread help on much bigger scale.
My hesitation is in releasing a powerful tool without explaining how to use it. This is the secret sauce. So although my scripts will be free, its based on the years of trading and using the MPI showed me if used correctly can be very amazing, but just as anything else in life, if not used properly the results will not be as expected.
I have never back tested it besides just manually because Ive yet to find a coder that can put into code what I am doing and looking at.
So I just did it myself. Its my very first indicator and I am so excited to see what the future brings. What I have noticed is there is a difference between traders and coders. Trading is more of an art form than a science. I've been painting this art my whole life and never realized it. Hanging out with OhHeyMatty helped me understand the mechanic behind what I was seeing.
My assumption will be the first mistake traders will make is not referencing multiple times frames and getting stuck in a view they they WANT to see. I urge caution about letting your bias influence your views.
The MPI works best when you are not in a trade, and dont care which way the market goes. As professionals we do not care which way the market moves, we just know exactly what we will do no matter what it does.
This is KEY. The MPI does not target exits because the MPI reads the market, it does not dictate the market. You can use the same common targets, MA's etc, that everyone uses. If unsure, use those as everyone targets them. Over time your trust in the MPI will grow.
The beauty of the MPI is it will not take you out of a winning trade and NEVER caps gains. You position sizing and management will be key to your success. This is a big key. We ride the waves for as long as they let us, but we know when to jump off and catch the next wave.
We are wavenostic.
I like the idea of releasing the script for people and letting them create their own vision with it. I have no doubt there is someone out there that will see things differently and even might find a better way to use the MPI than I have found. This is very exciting.
If you find any benefits from the MPI and create your trading using it, please contact me and let me know!
Im so curious, and I know with all the powerful minds in this space, there is plenty of room for growth.
I dont need to talk about my gains or percentages. Working amazing for me does NOT mean it will or you.
But remember, that does NOT mean you CANT do way better than me. Its up to you. Do it.
Indicators designed to work together:
Medic's Pulse Indicator - Indicator v6 (MPI-v6)
Medic's Pulse Indicator - Pulse v6 (MPI-v6)
Medic's Pulse Indicator - RS (MPI-RS)
Medic's Pulse Indicator - WaveTrend (MPI-WaveTrend)
A very special and heart felt thanks goes out to my good friend and part of the fam, OhHeyMatty.
Matty shares my love for others and desire to spread as much good as possible. We know one of the ways we are strongest is helping people interpret markets. So please enjoy and best wishes!
And a heartfelt thanks goes to rapper and inspiration, Nipsey Hustle.
if you think that is just rap, I encourage you to listen to the words. Nipsey will always be someone special that inspires me on the deepest level. Same with 2Pac, Biggie and all the true OG's. Listen to the words before you tell me its just rap. You might be surprised, to the level of being overwhelmed with inspiration. Or you might just think its some thugs singing about money. The choice is yours.
Everything is what you make it. You decide. The world is what you make it. Make is amazing. Cheers!
Notas de prensa
Version 6.9I've added default filtering.
Longs will signal on negative pulse.
Shorts will signal on positive pulse.
Filters designed for BTC/USD pair. Needs adjustment to work on ALT/BTC pairs
Added :
- Short Filter
- Long Filter
- Secure Short signal
- Secure long signal
To optimize my trades I use various techniques which filter out weak signals, when that is needed. I have been doing this visually but have now coded this into the MPI. There is now the ability to filter signals, long and short separate. This allows me to keep the signal sensitivity high while being able to filter out noise when needed. In general, sideways markets require more filtering, but it also depends on the time frame you are using.
With the new filters, this allows more precise use of any time frame. I still prefer the 2hr, but now with filtering you can use lower timer frames and filter out weaker signals. This will come down to your trading style and use as well as if bulls are in control or bears. Filters should be from 1 to 200. Alt/BTC pairs need decimals which tradingview doesn't seem to like.
There is now secure position signals. These need to be used sparingly for now and will be much more helpful when the MPI visual indicator is released. This basically shows when the trend is able to give a reverse signal. To use this efficiently you need to have the MPI visual so you can track the MPI line to gauge when to use the secure profit signal.
Notas de prensa
Version 6.9I've added default filtering.
Longs will only signal on negative pulse.
Shorts will only signal on positive pulse.
Filters added for BTC/USD values. Needs adjustment to work on ALT/BTC pairs
Added :
- Short Filter
- Long Filter
- Secure Short signal
- Secure long signal
To optimize my trades I use various techniques which filter out weak signals, when that is needed. I have been doing this visually but have now coded this into the MPI. There is now the ability to filter signals, long and short separate. This allows me to keep the signal sensitivity high while being able to filter out noise when needed. In general, sideways markets require more filtering, but it also depends on the time frame you are using.
With the new filters, this allows more precise use of any time frame. I still prefer the 2hr, but now with filtering you can use lower timer frames and filter out weaker signals. This will come down to your trading style and use as well as if bulls are in control or bears. Filters should be from 1 to 200. Alt/BTC pairs need decimals which tradingview doesn't seem to like.
There is now secure position signals. These need to be used sparingly for now and will be much more helpful when the MPI visual indicator is released. This basically shows when the trend is able to give a reverse signal. To use this efficiently you need to have the MPI visual so you can track the MPI line to gague when to use the secure profit signal.
Notas de prensa
Added 100 times more definition to filter range. What used to be "1" would now equal what "100" is.Notas de prensa
MPI now with GAP filters!!! (you'll understand more what this means when the MPI visual gets released)But just know it makes the MPI much more awesome!
This allows a more sensitive tuning while also filtering out weak moves. Giving the best of both worlds.
Ive been doing this manually for a while so it is nice to have it coded for people to use the MPI more like I do.
I would still and always do suggest to try out your own settings and even let me know how it goes!
Ive coded the MPI with default -10000 for short and long filters, which makes the signals more sensitive that the previous MPI versions.
I suggest to try to different values.
Zero value will be the safest signals.
The gap filter filters out signals within the range set. Different values will work better/worse on different time frames.
You'll need to test out what settings you need. This is also tune for XBT and can be used on ETH, but I would need to code more to run other alts.
Cheers!
Notas de prensa
Forgot to write stock settings are tuned for 30min chart right now. These settings change with market sentiment.
Notas de prensa
updatedNotas de prensa
BoomNotas de prensa
UpdateNotas de prensa
newNotas de prensa
Now with EMA Break!!Ive been using a system of taking signals from the MPI based on where the price is in relation to EMAs. Pretty basic stuff but now I have incorporated this into the MPI.
So now we can select an EMA Break, for example the 21 EMA. With 21 selected now the MPI will only give short signals that are UNDER the 21 EMA, and also only give long signals that are OVER the 21 EMA. If you set the break to low values like 3, the MPI will act as it did in previous versions that did not have EMA Break.
You can set the EMA Break to any value you would like and the corresponding EMA line will be plotted. The MPI will signal based on the EMA setting.
All other filters remain the same. Using this system we are able to refine signals to strength based on more common strategies, EMA's.
This should work on any time frames depending on settings.
Let me know anyone finds this useful! Cheers.
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