Original subtitles

in this video we'll go over the

threshold range and slope conditions on the

skeleton key external okay first things first

we'll start off with the threshold of

which you have five different sections for

constituting threshold conditions a b c d

and e you can use all the

these or you can use none of

these or you can use just one

of these few sodas arm it's up

to you but i will give you

an example right here let's say we

wanted to have a threshold condition for

the psvr plotline which again it must

be first present on your chart in

order for you to be able to

select it and let's say that we

wanted to

only enter if the pm rp plotline

is less than twenty five percent tell

well we'd set it up like this

of course if you're not familiar with

these conditions right here this is less

damn this is greater than this is

greater than or equal to this is

less than or equal to and this

is just equal to

as an aside i do want to

say that i find it's best to

not get hyper specific with your input

um right here as far as the

nominal value goes traditionally i have a

rule of just increments of five i

find that when you start to get

hyper specific with it whether you choose

like let's say twenty one spot

five or even twenty one for that

matter you might run into the issue

of well of of over optimization um

i might not always work like that

of course but in my experience just

better to simplify it especially when you're

doing long-term tests it's going to usually

side

step that issue better than being super

super specific with just with very small

increments

historical bar index and bar signals as

valid again i do not play around

with i find it's best not to

mess with these settings um it in

my experience it runs the you know

issues with potentially repainting or oregon over

optimization you might find differently again more

power to you if you do but

as a general rule for

for myself i do not ever touch

these and then of course the entry

logical group or exit logical group these

are the same definitions as before if

you have an selected for the entry

and then all of your entry conditions

must be present for whatever group you

have air beam in order to enter

and if you have or selected well

if any condition

is valid than you will in this

case enter or five north sorry exit

in this case since i have only

exit logical group okay moving on now

to the range condition so the range

is very similar to the threshold accept

it just gives you a range of

values so again here

we're in the middle you will select

whatever indicator you want to you want

to be using in this case i'm

using the crown vmc fast and then

on the left-hand side this is what

it must be above and on the

right hand side this is what it

must be below or equal to as

well by the way in order for

this condition to be valid

so in this particular instance this would

mean that the crown um vmt fast

must be above greater than or equal

to ten and below or equal to

twenty in order for this condition to

be valid if it's outside of that

range not valid aka no entry or

if we were to do the exit

right here well it would

exit on that condition of course okay

moving on now to slope slope again

i think is um maybe more easily

defined slope is just the well the

slope and the slope of the indicator

that you are choosing so again we'll

just choose let's say

say the the crown vmt fast that

means that this indicator right here if

the if we choose a positive slope

for example that the current closure the

current period which is represented at the

top left-hand side must be increasing from

the prior

or

in order for that condition to be

valid so in this case if we're

looking at let me mark this one

off right here if we're looking at

this this particular closure than the prior

one must be lower for that lower

than that for this condition to be

valid if you're choosing an upslope and

of course vice versa for negative slope

so in skeleton key terms

we would look at this slope or

we already have the crown bmc fast

selected them if it's negative again there

must be a decrease from the prior

to the current or if it's positive

it must be an increase from the

prior to the current on entry or

exit of course and you can also

choose flat which means that there must

be no change between the

from the prior to the current or

you can also combine positive and flat

or negative and flat which let's say

we choose positive and flat well that

means that either it can be unchanged

from the prior to the current or

it can have a slight increase from

the prior to the current on and

tree for example okay that