Scalping Indicator
Helps to enter and exit profitable trades.
The background color changes after an EMA crossover of lengths 3 and 8 to indicate trend.
The outline of the candle (red or green) indicates if the heikin ashi is an up or down candle. The second consecutive heikin ashi of the same colour changes the bar colour to black or white depending on direction. This helps prevent false positives.
Bollinger bands are used to provide confluence for good entries and exits. Typically want to enter/exit when price touches band or is slightly outside band.
When the RSI is oversold (below 30), the word "low" is printed above the candle. When the RSI is overbought (above 70), the word "high" is printed above the candle.
The background color changes after an EMA crossover of lengths 3 and 8 to indicate trend.
The outline of the candle (red or green) indicates if the heikin ashi is an up or down candle. The second consecutive heikin ashi of the same colour changes the bar colour to black or white depending on direction. This helps prevent false positives.
Bollinger bands are used to provide confluence for good entries and exits. Typically want to enter/exit when price touches band or is slightly outside band.
When the RSI is oversold (below 30), the word "low" is printed above the candle. When the RSI is overbought (above 70), the word "high" is printed above the candle.
Nota Keluaran:
Updated background color transparency to make it more visible
Nota Keluaran:
Added auxiliary EMA
Nota Keluaran:
Added fibonacci bollinger bands. Black lines are standard bollinger bands, blue lines are fibonnaci.
Nota Keluaran:
Refined styling
Nota Keluaran:
Added RSI divergences
Nota Keluaran:
added reversal candlestick detection. still tweaking rules for these to make sure signals are accurate.
also commented out the rsi signals and the buy/sell signals just because the chart was getting too noisy, will figure out some way to have those indicators on the chart
white marubozu (wm)
black marubozu (bm)
hammer (h)
hanging man (hm)
inverted hammer (ih)
shooting star (ss)
bullish engulfing (e)
bearish engulfing (e)
tweezer bottom (tb)
tweezer top (tt)
three white soldiers (tws)
three black crows (tbc)
morning star (ms)
evening star (es)
three inside up (tiu)
three inside down (tid)
also commented out the rsi signals and the buy/sell signals just because the chart was getting too noisy, will figure out some way to have those indicators on the chart
white marubozu (wm)
black marubozu (bm)
hammer (h)
hanging man (hm)
inverted hammer (ih)
shooting star (ss)
bullish engulfing (e)
bearish engulfing (e)
tweezer bottom (tb)
tweezer top (tt)
three white soldiers (tws)
three black crows (tbc)
morning star (ms)
evening star (es)
three inside up (tiu)
three inside down (tid)
Nota Keluaran:
Added buy/sell signals again due to request