Profit Maximizer - PMAX by KivancOzbilgic
Developed as a brand new indicator by KivancOzbilgic in earlier 2020, PMAX is a combination of two trailing stop loss indicators. One is Anıl Özekşi's MOST (Moving Stop Loss, see previous video) and the other one is widely used ATR Based SuperTrend. MOST, even tough a trend following indicator, doesn't have ATR (Volatility) included in it's calculation and merging it with an ATR based indicator such as SuperTrend works like a charm when it comes to minimizing losses in sideways market. MOST on the other hand, comes hands as it has a "Moving Average Trend Changing" function. PMAX emerges as a combination of the powerful features of the aforementioned indicators and it turns out to be delicious!
PMAX: https://tr.tradingview.com/script/sU9...
Detailed interpretation with English subtitles:
• Profit Maximizer - PMax İndikatörü Anlatım...
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Do not treat this video as explicit financial, investment or trading advice.