Original subtitles

in this video we'll go over the

external sources rpm rp and divergent settings

on the skeleton key external starting off

with of course the external sources just

like the other sources there are five

allotted venues for you to input if

you so desire

the a b c d and e

sources right you're actually even f six

wow

i can't say i've ever used six

but if it if you need to

it is there for you anyways external

sources is a very open-ended setting which

you can usually find value in when

you need to do something a little

bit more um exotic let's say so

um in this example we have the

external sources a and we can well

we can choose two indicators to essentially

use against each other if we so

desire or we can use price against

some sort of indicator um it is

very open-ended so what i'm going to

do here someone to use the h

cdr bounds for example helps

just type in h pdr and let's

go with bands right here and that'll

bring this up because this is traditionally

where i use this one

seems to not be loading as of

right now okay there we go alright

so in the background let's do an

example with this let's say we wanted

to have a condition that um we

want to enter when price when the

current price close is above the h

pdr bands

upper range one for example it says

not going to be obviously a good

strategy but just for example sake we

can do that we could also say

that price must open above the bounds

range one again

whatever you decide to use this for

is is up to you of course

we can also change the operators right

here we could do less than we

could do greater than or equal to

less than equal to or even crossover

and cross under now crossover means that

in this case price would need across

over the bands up

arrange one in order for this condition

to be present here and you can

have an offset percentage as well if

you so desire middle essentially be added

to the source value again you can

use plus or minus for this in

order to get the correct to offset

direction if you want to have like

a margin of error for example

again historical bar index i do not

mess without all nor do i mess

with bars external sources valid these can

lead to repaint issues in my experience

although other people have found value in

these so which is why we have

left it there but in my experience

best not to mess with this it

might produce results that are not

not accurate as far as entry logical

groups go and exit logical groups go

again same thing as before but this

is this is the input that really

allows you to do some some special

stuff with this with this indicator with

this script so it's up to you

how you want to use it again

you can use for entry or exit

um

and and basically any indicator that you

have access to you can input right

here

move to the next one which is

the rpm rp settings so this is

a reverse pm rp so we decided

to include this because um the pm

r p is a very common indicator

used in this particular script for profit-taking

or or or eve

an entry as well but in this

case it's going to be relevant for

profit taking um and so what it

is doing it is it is giving

you a reverse function for the p

m or p meaning that it spits

out the value for which the pm

rp would need to correlate to

current price so let's say you wanted

to exit when the pm rp was

at one hundred percent tile and you

wanted to have a limit order there

will you can do that and these

these would be the settings for it

and then the setup would actually be

in this section here which we'll get

into in the next video um but

the settings that use for the pm

rp

ea would be here so let's say

you wanted to have an m a

type of a vm or actually you

can't use the v w anime you

cannot use the volume weighted moving average

here um for the reverse function that

is because there's well there's no way

to accurately judge that because volume is

you know is going to be dependent

upon the current period in which

which you can't you can't really forecast

for but for all the other inputs

who we can select i typically go

with ebay you can choose the length

right here twenty and twenty one is

twenty one are very common inputs i'll

play around with nine or thirteen for

example and then the lookback again three

fifty is very common intp

put two fifty is a very common

input and one hundred is a very

common input as well and again these

will correlate to the settings that will

cover in the next section in the

next video for optimization for the rpm

rp take profit values but this is

how you would set that up right

there and then divergent settings so for

our dive

vergence indicators above we can define the

look-back that we would be judging this

off of so we can both look

on the left-hand side from the current

closure and the right hand side and

so this would for example look back

five five bars

to define divergence let's say we wanted

to define divergence ten bars back you

know incorporating more data that's fine as

well or fifteen bars even we can

do that too but i in general

would suggest keeping it at five it's

really not wise to go too far

back because the further

back that you go the more and

more unreliable it will be towards the

current price action and same thing for

the right look back as well actually

where it will start to look at

the the forwards