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TBH i think their indicators are a waste of money. I was in their webinar room a few times this week. Yeah their charts are 'colorful' and fancy but I could barely see price at all. I could not make any price action out as there was a MASSIVE RAINBOW on all charts.
If you looked carefully enough here, Im sure you could somewhat recreate something similar. Be careful not to redevelop a patented idea. It has been done here before.
Look carefully at the chart you posted - does it actually give you any extra information on the right hand edge? NO
The bands simply move with price at both reversals and continuations. All bands look great/pretty/colourful/etc on a full page chart, and in my (long, painful) experience are useless where it really counts.
Treat with a pinch/bucket of salt is my 2c.
I achieve something similar by using 3 instances of the StepMA indicator (40 period, 0 percentage / 40 period, 100 percentage / 40 period, -100 percentage - because I've been too lazy to code it all into one indicator). Then you need an entry indicator or just spot the entry visually. Longs above the mid StepMA, short below.
After all, it's what you learn AFTER you know it all, that counts!
Hi Coders, will it be possible to get the price action indicator to paint an arrow in place of the letter C? or it should paint both the letter C and an arrow.
Hi Guys, is there anyone that knows what indicators are used in the Viper Trading System? I am sure that there is nothing new under the sun.. so if anyone has information to share that would be really appreciated.
I saw that someone asked the question in the past, but they have update their indicators.