This PRX Indicator includes all the elements necessary to run the PRX Trading System or to incorporate any of its elements into your own analysis and we’ve made it available here for those that want to use the same tools that we use ourselves.
The primary concept is the identification of trends by way of a customized PSAR (Parabolic Stop and Reverse) calculation that uses linear regression to reduce market noise and highlight trends for longer using a method pioneered by Dr Ken Long. This means that price can penetrate the PSAR dots without causing a trend reversal to occur (flipping the dots over to the opposing side) which would normally occur with the traditional PSAR idea.
The intent is to help identify and stick with trends longer, adapt to changes in volatility by using linear regression as a noise filter and potentially capture large outlier moves. A linear regression curve is plotted as well in order to help identify when a change in trend will occur by it crossing the PSAR dots.
In order to make the trend as clear as possible the bars can be colored as either up-trend or down-trend with user selectable colors.
A moving average filter is also included as a longer term market condition filter in order to avoid periods when the market is against this average which is an inherent part of the system.
Please note that we also have a PRX Strategy version available which includes everything in this indicator as well as all the system entry and exit orders which allows them to be displayed on the charts and backtested in different configurations to see how specific configurations of the system could have performed in the past.
リリースノート
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v2.0
Enabled parameter changes for the MA Length so users can configure the indicator for some of the other PRX System Flavours
Hello Jeff, Tradeview is not allowing me access to the prx indicator on brave browser & my safari browser is acting up. Your thoughts?
JeffBoccaccio
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@JoeMe, thanks for reaching out. Sounds like you must be on a Mac (I am as well) since you're using Safari. I don't have any experience with Brave but I'd recommend downloading the TradingView Desktop App for Mac as it works quite well for me, tradingview.com/desktop/ or alternatively maybe try Chrome or clearing out browser cookies and history on Safari. Hope that helps!
revch18
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@JeffBoccaccio, thanks Jeff. the trade view app looks great. I will take it for a more serious test drive tomorrow. Im curious what PRX stands for?
JeffBoccaccio
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@revch18, thanks - and for the 3 primary elements of the PRX Trading System: P = PSAR, R = Regression Line, X = Crossover or Flip. Check out our website for more details.
revch18
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@JeffBoccaccio, Jeff, Im getting frustrated. I wont quit, but its got to be easier than this to get thru the tech parts of this. These should be automatic. If its ok with you, let me vent some... 1 Im waiting on a verification email to get on the website. I did click the box to recognize this device, so maybe I wont have to wait next time. Its been 15 minutes. I wonder if there something up with my email... 2 The PRX indicator is only showing on 2 tabs on the tradeview app, none of brave browser. 3 Tradeview is functioning on safari but with issues : its not updating automatically, "Rename" & bookmarks are broken. 4 I have no idea what is the best method to contact you. 5 Its bizarre to me that I am having this many issues. I can't imagine its the best use of your time to figure this things out. The child part of me is frustrated that Im not getting what I want. One young adult part of me feels ashamed that I am frustrated at these simple things. The adult part of me knows these will all pass. Alright, Im feeling better & I know these will all resolve. Thanks for listening. Hopefully you are getting a therapist wages. :)
revch18
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@revch18, ah, *m already logged in with another tab! One issue resolved.
JeffBoccaccio
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@revch18, Hi Joe - I think a main problem is that you see to be using two TradingView ID's. I have followed up twice over email but the emails are getting bounced. Please drop us an email at The Systems Lab again if you're continuing to have trouble.
Tradeview is not allowing me access to the prx indicator on brave browser & my safari browser is acting up. Your thoughts?