Magenta Hot Chili Peppers

The thing about inventing new indicators is that you don’t immediately know what they could be best used for.

To finally give an answer to my Do Not F up the bias entry,

I now invent a weighted size system, that believes 60% to the moat hotstepper and 40% to the 44 SMA (which is the borrowed mean discussed in my Keltinger Moat entry).

The hotstepper is the previous moat median printed 7 samples earlier.


Not sure why I made this choice, but given that the CI calculations were made with 14 sample, I guess I needed a number seven somewhere. The bottom line is that it is very very useful.

message = "Look for a reason to be ";
if (Close[0]<c0[0] && Close[0]<iMA(symbol,1440,44,0,MODE_SMA,PRICE_MEDIAN,0)) message=message+"100% short";
else if (Close[0]<c0[0] && Close[0]>iMA(symbol,1440,44,0,MODE_SMA,PRICE_MEDIAN,0)) message=message+"60% short";
else if (Close[0]>c0[0] && Close[0]<iMA(symbol,1440,44,0,MODE_SMA,PRICE_MEDIAN,0)) message=message+"40% short";
if (Close[0]>c0[0] && Close[0]>iMA(symbol,1440,44,0,MODE_SMA,PRICE_MEDIAN,0)) message=message+"100% long";
else if (Close[0]>c0[0] && Close[0]<iMA(symbol,1440,44,0,MODE_SMA,PRICE_MEDIAN,0)) message=message+"60% long";
else if (Close[0]<c0[0] && Close[0]>iMA(symbol,1440,44,0,MODE_SMA,PRICE_MEDIAN,0)) message=message+"40% long";

Now, it is also important to understand that the sizing does not mean going long and short at market to the extent of the percentage, but rather making trades after recognizing promising divergences and parabolic endings.

Introducing the Magenta Hot Chili Pepper

To be Frank (Drebin) I wanted to go with the icon of a Gun or a at least a Rooster as a reminder,

“They would respect the cock, whether or not they believed in it” (from Trying to Find a Balance – see last blog entry), but it seems that the makers of the Webdings and Wingdings font were living under the bridge.

Nick Rhodes now smarter with some brand new invisible hotsteppers.

What is that pepper on the bottom left? That’s a mistake, I’m a developer, get used to it. I have to change the filter from i to i+1;

The magenta color is also supposed to be a reminder of the receiving end / exit condition, which mostly would include a magenta print and or a muted rate of change divergence.

What did I mean to say with this entry? That I have found my way into the future with combining my divergence finder with the Energy Bands and the Bollinger base.

There is also a great deal of satisfaction out of being able to resist posting some Red Hot Chili Peppers songs here. It would be simply too easy.