Prometheus Smart Money

Prometheus Smart Money is an indicator that combines both price & volume with calculations based on other custom indicators, smart volume and retail volume to create this leading indicator that gives you high probability moves to help you make a decision on what is MOST likely to happen in the market going forward.

Advantages

• You can use it in ALL financial markets including binary options on ALL asset classes or instruments.
• You can use it as a stand alone indicator or as a confirmation tool with other indicators

Parameters

• Smart Volume Period - recommended period for accurate calculations is 10 or 20
• Retail Volume Period - set number of bars back to calculate retail volume default bars is set to 100
• Probability alert - set probability screen alert on high probability potential trade setup which is onLY triggered when smart volume, retail volume and high probability % are in confluence

Probability key

• 0% - 30% - low probability
• 30% - 60% - average probability
• 60% - 80% - high probability
• 80% - 90% - possible reversal
• 90% - 100% - strong trend

Entry requirements

• Focus on is the clusters on the indicator - the height of the bars and the number of bars in that cluster
• The recent clusters is compared to the previous clusters of bulls[blue] & bears[red] to determine who is in control of the market
• When the clusters of smart volume, retail volume & %probability are in confluence then you are looking at a high probability potential trade
• Entry should only be taken close to a key level - either after a breach of that key level or a bounce off that key level as shown on the charts it all depends on your strategy

Recommendations

• Test this indicator on a demo account first for at least 2 weeks. Practice makes perfect

nclick="viewGallery_GalleryManager.GoToPrev();"> nclick="viewGallery_GalleryManager.GoToPrev();">

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,7);" />

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,8);" />

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,9);" />

nload="if(window.viewGallery_GalleryManager) viewGallery_GalleryManager.ImageonLoad(this,10);" />

ta itemprop="image" content="https://c.mql5.com/31/123/prometheus-smart-money-screen-1398.png" />

nclick="viewGallery_GalleryManager.GoTonext();"> nclick="viewGallery_GalleryManager.GoTonext();">