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[blackcat] L3 God Hunter Scalping

17 329
Level 3

Background

An ultra-short scaler that I integrate with multiple custom function implementations. Because of its responsiveness it is suitable for small cycle applications.

Function

The first technical indicator to integrate is the stoch. By combining the stoch indicators of long and short periods, I can not only ensure its high-speed reaction speed, but also be compatible with stability.

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The second is the improved KDJ indicator to further strengthen buying and selling conditions. Because the final trend output is relatively fast, I used a variety of long-short conditions to improve adaptability. and minimize noise. It is well known that price fluctuations in small cycles are more random.
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The third feature is the classification of buying and selling points, not only through the reversal of the trend curve, but also several other buying and selling point conditions, oversold and overbought signals, signal divergence techniques, etc.

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Finally, through the nested RSI, the momentum trend strength of the trend signal is represented by a gradient color to assist in judging whether the reversal point is approaching.

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Remarks

For differnent instruments and time frames, overbought and oversold threshold should be adjusted accordingly, or it may not work well.
Feedbacks are appreciated.
Nota Keluaran
OVERVIEW

The "[blackcat] L3 God Hunter Scalping" indicator is an advanced trading tool designed to identify potential buying opportunities across multiple time frames using a combination of custom indicators and algorithms.

FEATURES

- Utilizes custom functions for calculating various technical indicators
- Provides multiple buy signal conditions based on different criteria
- Plots a colored trend line with dynamic gradient colors
- Displays buy/sell labels directly on the chart
- Includes divergence detection capabilities

CUSTOM FUNCTIONS

The script defines several custom functions including:
1. xrf() - Returns the first non-null value from an array
2. xsa() - Weighted Simple Average calculation
3. xfl() - Condition filtering over a lookback period
4. xsl() - Linear Regression Slope calculation
5. xcn() - Consecutive condition counter
6. xda() - Exponential Decay Averaging
7. xkdj() - Stochastic KDJ calculation

MAIN ALGORITHM

The algorithm consists of multiple stages:
1. Calculation of short-term and long-term momentum indicators
2. Definition of primary buy conditions
3. Determination of secondary buy conditions
4. Identification of complex buy scenarios
5. Dynamic trend plotting with gradient coloring
6. Addition of buy/sell signal labels
7. Detection of bullish/bearish divergences

PLOTTING AND VISUALIZATION

- Main trend line with gradient color based on RSI values
- Horizontal lines at +90/-90 levels
- Various labeled buy/sell signals on the chart
- Visual representation of detected divergences

PARAMETERS AND INPUTS

Users can adjust several parameters including:
- Pivot Lookback Right/Left
- Max/Min Lookback Range
- Options to enable/disable different types of divergence plots

USE CASES

Ideal for scalpers looking to capitalize on short-term price movements. Can be applied to various asset classes and timeframes.

LIMITATIONS

May produce false signals during periods of low volatility or ranging markets. Always combine with other forms of analysis before making trading decisions.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.