TrendLineScalping-BasicDear Traders,
Here is the thought which came to my mind on the trendline break scalping. sometimes during the trade we do plot trendlines and we do anticipate for the line to break and take a trade. with the same thing in mind I had created this basic script to help you and other to create based on the logic used in the script.
This is just a logic based script and doesn't do any kind of wonders. Hence you may use it as necessary.
Regards....
Scalptrading
Swing ComparatorHere I bring you an array of methods to compare the swings and consistency between assets.
This indicator is excellent for swing traders and scalpers looking to maximize their profits by examining which of two closely related pairs provides greater price fluctuation during given period.
This indicator works against two assets, which are to be configured in settings.
This indicator has 5 particular plots for you to examine, each which can be considered for you to contemplate which pair for you to next perform a trade on.
First off, let's start with the blue.
The blue is simply a pearson correlation coefficient, thankfully now included in tradingview. This provides a value of 1 as values show to be close correlation, 0 showing no correlation, and -1 showing negative correlation - meaning an increase in one pair correlates to a decrease in another pair. This will turn green when greater than 0.975, showing a very strong relationship between the two pairs, and red when below -0.975. This is the only plot to be interpreted on a scale from -1 to +1.
Next, we have the purple and yellow background plots, followed by the white and green moving averages. Though similar, these are all slightly different.
For each of these 4 plots, a value greater than 0 indicates greater price swings for your Symbol #1, while a value less than 0 indicates greater price swings for Symbol #2.
These calculations are performed on a per bar basis, meaning you're likely going to be examining bars longer than what you'll normally be trading on. Use confluence, as well as your own judgement for this.
For example, if symbol #1 provides a bar with an open value 1% greater or less than close, providing a 1% swing on a given bar, but symbol #2 provides 2%, the indicator will fall down toward the negative, as Symbol #2 had the greater swing.
First, yellow focuses on only open/close bar values, and thus the body of the candlestick.
Purple, on the other hand, focuses on the wicks of the candle - thus, the high/low values. I've opted to make these two different values as a wick focuses on the embodiment within the time period, and body focuses on the open/close instant.
Next, the green is an extended EMA of the purple - High/Low ratio. This is important to examine trend overtime, and reduce unneeded noise.
Lastly, the white is simply difference in the standard deviation of the particular bars, between the two symbols you have selected. The tends to usually tie up with the green pretty well.
Considering this is going to by nature be very noisy datasets, I have included in settings the option to extend an EMA for everything. They have their default settings, but if you'd like to examine the trend without an EMA, feel free to set it to 1 to eliminate its effects.
I have additionally added the ability to introduce clipping, as well as scale the correlation coefficient to remain visible when examining very short term time scales. In the future, I hope to properly normalize all plots to remain within a -1 to +1 basis. Please be patient as I have multiple projects ongoing.
Suggestions and constructive criticism are very well encouraged.
Anyone is welcome to utilize this in their code, as well, i just ask you provide credit.
As you reduce to time frames less than a day, you will likely have to reduce the coefficient min/max closer to 0.025, or just hide it entirely.
TODO:
Make it look better. Sorry, folks.
Introduce latency between pairs.
Examine significance of a coefficient of determination
Remove static weights and introduce z-score and linear normalization.
Consider adding room for a 3rd pair. This could get ugly, however.
Agressive Scalper StrategyAfter many different tests and tries we found a strategy which is suited for people that likes to trade in shorter time frames. It uses multiple indications for entries. Entries include indications like Double ATR, Consolidation Detection, Dynamic RSI Calculation with Overbought and Oversold lines and also previous bars highs and lows. Although this strategy has been coded and tested on short time frames, after many additions it turns out it can be very profitable in every time frame if you play with the settings. Also it has some helpers for people that likes to optimize and see how their choices affects the outcome.
The strategy calculates the entry with the rules below:
LONG ENTRY RULES
- Price must be in consolidation zone
- Fast ATR Must be higher than Slow ATR
- Dynamic RSI must be below the oversold line (Green Line as Default)
- The Signal lookback must allow entry. (For example if you set signal lookback to 5, if the LOW of current price is LOWEST point of last 5 bars it is okay to enter LONG) If you check the lookback helper it will show you as green arrow at the bottom.
SHORT ENTRY RULES
- Price must be in consolidation zone
- Fast ATR Must be higher than Slow ATR
- Dynamic RSI must be above the overbought line (Red Line as Default)
- The Signal lookback must allow entry. (For example if you set signal lookback to 5, if the HIGHEST of current price is HIGHEST point of last 5 bars it is okay to enter SHORT) If you check the lookback helper it will show you as red arrow at the top.
This strategy has additional settings that are not available in indicator version that is previously released so i suggest everyone to use this instead.
Happy trading everyone!
MM Scalper A scalpers Dream just like my other algorithms you have your SL, 2TPs, and entry points to scalp the market based on these two MoneyMoves Moving averages.
can use
Entry
2 TP
ATR x1.5 or x2 Stop Loss auto generated per signal.
BB Bands, TMA Bands, Donchain channels, or volatility cloud
MTF support and resistance
pivot high/low
works on all timeframes for scalpers, intraday, or even swing.
effective on binary as well.
Directions are simple
when one Ma crosses the other you will receive a signal with all your inputs
the signals change based on the length you set on the Baseline and Slop
use market structure and its it a sure winner
Link below or PM us for access to this indicator Happy Trading
High time frame Pivot Anchored VWAP V1.0Purpose:
-----------
To provide VWAPs anchored on the high and low pivots. I have seen scripts which anchor VWAP on a session or time frame or indeed a time, but not yet one that anchors on pivot points.
Value:
--------
As many have stated, price action tends toward VWAPs. I named the VWAPs anchored on high pivots the Selling VWAP, representing the volume weighted average of the sellers. And the VWAPs anchored on the low pivots, Buying VWAP, representing the volume weighted average of the buyers.
One of these two governs the current price action.
What is unique about this script:
---------------------------------------
- Locates pivots also found in higher time frames (it does not use the Security Function, technically it does not locate high time frame pivots)
- It uses a simple technique to locate the pivots that avoids using "For Loops" , typically used with HTF Pivots and at times can cause time outs
- VWAPs are then anchored on the pivots
- High Pivots are anchored with a VWAP using the High price as the source
- Low Pivots are anchored with a VWAP using the Low price as the source
How to Use It
-----------------
- Choose the higher time frame pivots of interest, the script uses current time frame multiplier
- so on a 1 minute chart, 60 is 1 hour. On a 5 min chart the same multiplier would be 5 hours.
- Choose how many of the higher time frame bars define the pivot, the right side and left side
- the default is 8 and 4, for a 60 multiplier on a 1min chart it implies 4hrs right of the pivot and 8 hrs left of the pivot.
- A Vidya moving average is included
- When the ma crosses over the Selling VWAP then the system is dominated by the buyers and the Buying VWAP provides support
- When the ma crosses under the Buying VWAP then the system is dominated by the sellers and the Selling VWAP provides resistance
It helps by keeping you in a trade, also by using the support/resistance to add to a position.
I make those decisions in the script, and display only the dominating VWAP
Acknowledgements
------------------------
PineCoders for their functions on managing resolution.
LucF for his work on high time frame pivots.
Future considerations
--------------------------
- Provide option to show both VWAPs
- Use a different ma, such as VWMA, or provide a choice.
- Open the script, version 1.0 being what it is
Pullback Traps v. 0.1Trading Strategy for scalping the CME_MINI:ES1! and CME_MINI:MES1! futures on the 5 min. time frame.
The strategy will count legs and look for failed pullbacks and failed second entries where shorters get trapped.
How to use:
When a trap occurs (Marked with green light) place an order one tick above the high of the trap and enter on next candle
If entry doesn't happen on next candle and it has a lower high, move entry to one tick above high of that candle.
Keep doing the above until you enter or until a candle is marked with a blue light and the text Trap Dead.
If you see Trap dead and you haven't entered, quickly cancel your order.
What is green light?
A second or later pullback down away from the uptrend. When the green light is present the shorters haven't made a 1 point profit and short scalpers are trapped.
What is blue light?
1. Shorters made their 1 point profit and trap is dead. Cancel your trade. Or...
2. Shorters hit their stop loss and you're probably in a trade now and about to profit.
Profit and stop loss:
Numbers are done with profit 5 ticks and stop loss 30 ticks.
Should I have a stop loss 6 times greater than profit?
Probably not. The numbers you see here are made with these profit and stop loss figures but I don't advice it in real trading.
The numbers look good on this backtest but in reality a few bad trades would ruin everything.
This was made purely for fun and sim trading - Feel free to do your own testing and show the resulsts.
Go_up Hello. Our task is to find the local minimum. The trade is entered on the basis of RSI and SMA according to a specific formula, which is embedded in the code. When the RSI crosses the SMA upside down, a long position is entered. You can change the length of the RSI. The longer the length, the less frequent, but more accurate the entrance, and vice versa. You can use a different time frame. The default RSI length is 25 and the time frame is 15 minutes. Use hooks for auto trading, there is an alert. I recommend using a larger number of altcoins and with the default settings or TF 5 minutes. If you want to "scalp", then use the length 15-21 and take profit 0.5-2 percent. See the history of signals and you can make the optimal strategy for yourself. Due to the strong volatility, these settings are optimal. I use position averaging over history, additional purchase occurs no more than three times, before going into a plus. Entering a trade in notifications "once per bar". To exit, you can use scripts from other authors, for example, pivot / resistance points. No repainting. If anyone has any questions, write, I will answer in detail. good luck trading, dear friends!
Intraday Trading Tool [VK]This Indicator is all you need to day trade.
Overview: This is a intraday/scalp trading Indictor works using MTF- MA,MACD,RSI for trend ,SRSI For Entries , Murrey Lines for Targets and ATR For Stop Loss , it is designed for all type of markets (crypto, forex, stocks, commodity etc.) and works on all commonly used timeframes .
About The Indicator :
This indicator uses the most commonly used indicators in The markets, MA channel + MACD (Background Trend) + RSI (Trend On Top) . This Three Indicators Are Used For Trend In Higher Time Frame. We Have to take trades based on Trend In Higher Time Frames. We are using SRSI For entries which Has the function to show entries from Higher Time Frames .
Stop Loss And Take Profit : we have used ATR for Stop Loss which will show up with Buy/Sell Signals. and for Taking Profit We Have used Murrey Lines Which Can be used to see Support/Resistance as Targets And also has the function to show Support/Resistance from Higher Time Frame.
Extra Function :
The Cross And Triangles On the Bottom of the Chart Indicates MACD Cross on Higher Time Frames .
How to get access:
Send a Private Massage for getting access to the script.
Reversal Algo (Expo)"It has never been easier to find high probability trades"
Reversal Algo (Expo) is an automated Reversal System that analyzes the market in real-time and identifies high probability short term and long term trend reversal- and scalping signals as well as key market zones, and trends. The adaptive and unique reversal bands act as support & resistance zones, and together with the trend tracking feature, it serves as a trend confirmation. The system does also comes with a Top & Bottom finder that detects potential tops and bottoms that can be used as scalping entries or take profit points.
This Reversal System is developed to catch both short term and long term trend reversal and provide clarity in the current trend direction. The system aims to make it easier to come in early in a new trend as well as to stay longer in that trend. One of the main features is that the system has already filtered out false and choppy signals and aims to leave the most accurate ones.
One of the main goals was to make a system that works well without having Heiken Ashi candles. However, if you apply the system to Heiken Ashi candles you will have an additional layer of noise filtering.
Key differences between Trend Algo and Reversal Algo are that Reversal Algo is more responsive to price action and has a dynamic and adaptive Reversal cloud. The Reversal Algo does also has the tops/bottoms finder. These two systems can be used together.
The user can enable the following:
ATR Trailing Stop - Helps to identify the trend as well as where to have your stop loss.
Trend Tracking Line - Helps to identify Strong trends and areas of trend reversals.
Trend Steps- Helps to highlight where the current trend direction has found a new base.
Reversal Band - Helps to identify the trading range, strong trends, and areas of reversals.
Trend Scalping Dots - Helps to keep track of the short term price action.
Noise- and Signal filters:
Depending on your trading style you can choose between different trend filters and signals sensitivities.
Real-Time Alerts
No Repainting
Works on any market and in any timeframe
The indicator can be used standalone or as a part of your current trading strategy.
HOW TO USE
Use the indicator to identify reversal signals.
Use the indicator to identify trends.
Use the indicator to identify tops & bottoms signals.
Use the indicator to identify scalping signals.
INDICATOR IN ACTION
1-hour chart
Top/Bottom Finder
1-hour chart
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
Triple EMA Scalper low lag stratHi all,
This strategy is based on the Amazing scalper for majors with risk management by SoftKill21
The change is in lines 11-20 where the sma's are replaced with Triple ema's to
lower the lag.
The original author is SoftKill21. His explanation is repeated below:
Best suited for 1M time frame and majors currency pairs.
Note that I tried it at 3M time frame.
Its made of :
Ema ( exponential moving average ) , long period 25
Ema ( exponential moving average ) Predictive, long period 50,
Ema ( exponential moving average ) Predictive, long period 100
Risk management , risking % of equity per trade using stop loss and take profits levels.
Long Entry:
When the Ema 25 cross up through the 50 Ema and 100 EMA . and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Short Entry:
When the Ema 25 cross down through the 50 Ema and 100 EMA , and we are in london or new york session( very important the session, imagine if we have only american or european currencies, its best to test it)
Exit:
TargetPrice: 5-10 pips
Stop loss: 9-12 pips
L2 Candle Pattern ScalperLevel: 2
Background
Japanese candlesticks provide more detailed and accurate information about price movements compared to bar charts. They provide a graphical representation of the supply and demand behind the price promotions for each period. Each candlestick contains a central part that indicates the distance between the opening and closing of the security being traded, the area called the body.
Scalping is a trading strategy that aims to take advantage of minor changes in the stock price. Traders using this strategy place anywhere from 10 to a few hundred trades in a single day with the belief that small moves in the stock price are easier to catch than large ones. Traders who implement this strategy are known as scalpers. Lots of small wins can easily lead to big wins if a strict exit strategy is used to prevent big losses.
Function
L2 Candle Pattern Scalper utilizes candle pattern to decide long and short entry signal. It use inherent candles' relationship nearby to judge the market trend is up or down and decide to long or short.
Signal
buysmall --> long entry
exitred --> short entry
Pros and Cons
Pros:
1. its response is fast because OHLC candle is the raw source of market
2. it is suitable for scalping because it studies nearby candles to judge very short term trend change
Cons:
1. Mid-long term change is missing from this indicator, although I use fast and slow lines to indicate the mid-term trend.
2. No stop loss or take profit scheme is introduced.
Remarks
This is promising but need efforts to refine it.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
Trend trader StrategyFirst I would like to thank to @JustUncleL since this strategy started from one of his scalper strategies
This strategy can be adapted to all time charts .
First it has the session where we want to trade, for this example I choosed the EURUSD so I only take in consideration london/neywork session.
Its made from 3 EMA :
normal
slow
ultra slow
It has has the capacity to use HA candles into consideration if its needed.
At the same time we have a price channel made from faster MAs, that act like a bollinger band .
Together with all of them, we establish which trend we have if its uptrend or downtrend
Then we check the candles if they are below or above the MA , and based on the condition if they crossed recently we can suggest if its a buy or a long condition
At the same time we have 2 options of stop conditions:
Through a trailing stop made from ATR or % based
And second, a SL/TP made from pip points or % based.
For this example I used % based.
Let me know what you think about it, and if you found some nice settings for it. So far I only adapted to EURUSD 1 min time.
5/13/62 EMA CloudsThis indicator is an adaptation of Rob Booker's 5/13/62 strategy, with the addition of shaded clouds to help visualize when momentum is shifting and entry and exit points are near.
When the 5 EMA crosses the 13 EMA upward, it signals a bullish move, and it is extremely bullish when it crosses the 62 EMA. When the 5 crosses downward, it signals a bearish move.
This indicator also overlays RSI and ATR lines below for additional confirmation of signals.
YSG Scalper V2Ysg Scalper
A powerful scalping indicator that generates multiple buy and sell signals with a good amount of accuracy
How does it work?
As we all know the markets/scripts are not always in trending, many times it moves in a tight range, ysg scalping indicator helps you in identifying the trading opportunities by giving you trading zones and non-trading zones by paining the candles in three different colors Red, Yellow, and Green. When the candles are red it means the script is in the selling zone and when the candles are green the script is in the buying zone, when the candles in yellow it means the script is in no trading zone.
How to trade?
Trading with ysg scalper is very easy as it gives two zones called the trading zone and non-trading zone. If the candles are green or red the script is in trading zone and if the candles are yellow the script is in the non-trading zone.
Buy: when the candles change color to green wait for the first arrow and enter the trade after closing of the candle.
Sell: when the candles change color to red wait for the first arrow and enter the trade after closing of the candle.
What markets does it work best?
Works on indices, forex, and high beta stocks.
What's the best time frame to use?
3mins or 5mins (for forex and commodities)
How to get access?
Please click on the link in the signature or send me a private message to get access.
Laguerre Filters Crypto Scalping Tool This is an indicator designed to follow trends on the 15m/30m/1h Timeframe. It works best if you can recognise a larger trend into a direction and combining it then with for example longing the dip. Escpecially for crypto assets this can be used for scalping and if paired with S&R can be an especially powerful tool if paired correctly. Like it is shown here.
As soon as there is a flip to green for example with upwards momentum over the last period of time and no higher Timeframe Resistance ahead. On lower timeframes like the 15m and 30m this can be used for scalping and works especially well in Ranges, say for example a 100 Tick range. At the time of writing we heavily used this Indicator for scalping up and down the current bitcoin range and it worked suprisingly well.
One user was able to trade the EOSUSDT pump, chart shown here.
The cool thing is that the single filters can also be used as a Trailing Stop.
If interested please direct message us. Thank you !
Borsa Akademi Daytrade Hardcore by HassonyaThe Daytrade Hardcore Indicator is a strategy indicator for scalping in a 5-minute time period. Indicator was produced by me by following my way through the daytrade scanning options of my respected teacher ÖZKANFİLİZ(Best Scalper in Turkey). This scan consists of 14 conditions.
We use this scan in a 5-minute time frame. Daytrade Hardcore indicator can show us how many of these conditions in bars are listed and sequentially. You can open which one you want to use.
The Daytrade Hardcore indicator has a 3-day central pivot range. If you want, you can use it to strengthen your buying and selling decision. If the bars can hold on the 3x pivot line, you're safe.
Unless the 3-day central pivot line is shattered, you can move your stocks if you wish.
The strategy also includes DHardcore Trend, Stoploss, First Support, Indicator List, Support/Resistence and S/R Zones, 3dhx central pivot, pivot points, bollinger middle bands,
You should be careful if the 3dhx central pivot breaks down. If you want, you can stop here, you can follow it for new purchase. If you want, you can watch the support point for the new purchase or follow the list and wait for the 3-day pivot to go back when the list supports the 12-13-14 condition.
Sometimes the first support point and stoploss point may change, you can follow it yourself. In this case, you will use the bottom red first support point as a stoploss.
Thanks for your support
Türkçe Açıklama
-------------------
Daytrade Hardcore indikatörü 5 dakikalık periyotta scalping içindir. İndikatör saygıdeğer hocam Türkiye'deki en iyi scalper ÖZKANFİLİZ'in daytrade taraması baz alınarak tarafımdan yaratılmıştır. Bu taramada bildiğiniz üzere 14 tane şart bulunmaktadır. Tarama 17:30 dan kapanışa kadar 5 dakikalık zaman diliminde hisse takipçisinde izlenmektedir.
Taramayı 5 dakikalık zaman diliminde kullanıyoruz. Daytrade Hardcore indikaötür bize barlarda kaç tane şart olduğunu anlık tarayarak ister liste halinde istersek sequential şeklinde gösterebilir. İsterseniz tek tek isterseniz iki seçeneği de kullanabilirsiniz.
Daytrade Hardcore indikatöründe 3 günlük merkezi pivot aralığı bulunmaktadır. Eğer isterseniz, bunu alım satım olarak kullanabilirsiniz. Eğer barlar 3 günlük merkezi pivot çizgisi üzerinde tutunabiliyorsa bu size güvenli olduğunu gösterebilir. Alım için hacim, liste ve RMI'yi kollayabilirsiniz.
3 günlük merkezi pivot noktası kırılmadığı sürece isterseniz hissenizi taşıyabilirsiniz ve mavi çizgi aşağı kırıldığı zaman çıkış yapabilirsiniz.
Bu strateji indikatöründe DHardcore Trend, Stop Noktası, İlk Destek, İndikatör İsim Listesi, Destek/Direnç(Bölgeleri), 3dhx merkezi pivot, pivot noktaları, bollinder orta band içerir.
3 günlük merkezi pivot kırılımına dikkat etmelisiniz. Eğer isterseniz, bunu izleyerek stop olabilirsiniz ve takip ederek yeni alım noktası için izlersiniz. Bunun için isterseniz destek noktası izlersiniz isterseniz mavi çizgi üstünde tutunmasını beklersiniz.Bazı belirtiler nedir? Hacmin ortalama üzerine atması, Liste 12-13-14 olması, fiyatın bollinger orta band üstüne çıkması, fiyatın pivot üzerinde olması.
Bazı zamanlarda ilk destek noktasıyla stoploss noktası değişir. Bunu izleyip kararı kendiniz verebilirsiniz. Kırmızı noktalar mavi çizginin altına indiği zaman orası stoploss noktamız olacaktır.
Destek veren bütün dostlara teşekkür ederim.
Hayrını görün.
Ehlers Super PassBand Filter [CC]The Super PassBand Filter was created by John Ehlers (Stocks & Commodities V. 34:07 (10–13)) and this is a pretty useful indicator to let you know how volatile the market is right now. This is useful for scalpers because this lets you avoid the choppy markets (usually when the rms is 1.50 or less but feel free to choose your own level) and gives you good entry and exit points. Buy when the indicator line is green and sell when it is red.
Let me know if there are other indicators you would like to see me publish or if you want something custom done!
Ehlers Alternate Signal To Noise Ratio [CC]The Alternate Signal To Noise Ratio was created by John Ehlers (Rocket Science For Traders pgs 84-85) and this is a variation of his signal to noise ratio that some scalpers might find more useful than his default signal to noise ratio. You would want to buy and sell when the indicator is above the dotted line because that means the stock is volatile enough to maximize any movement of the trade in either direction. Buy when the indicator line is green and sell when it is red.
Let me know if there are other indicators you would like to see me publish or if you want something custom done!
1 Minute Scalper
How to use:
Green background: Long
With green background wait for white bars to appear, once white bars appear wait for green bars and enter long on break of high or close of green bar. The stop out of trade should be a candle that closes below the pivot: it should be apparent. (Can enter long after white bars if it has a long tail Stop below the tail).
Red background: Short
With red background wait for black bars to appear, once black bars appear wait for red bars and enter short on break of low or close of red bar. The stop out of trade should be a candle that closes above the pivot. (Can enter short after black bars if it has a long tail).
best of luck
TQ_STOCHThis is a modified stochastic oscillator. It works very well with Forex pairs, traditional markets and has also proved itself profitable with BTC. The aim of this indicator is to help you predict a change in direction of the market.
When lower periods are above higher periods you are looking to buy of support and when lower periods are below higher periods you are looking to sell of resistance.
Lowest period: pink
Medium period: white
Longest period: turquoise
PERFECT LONG: pink line above the white and white above the turquoise. Turquoise should serve as support for the white line and white line should serve as support for the pink line. BUY when pink line tests the white line and bounces off.
PERFECT SHORT: pink line below the white and white below the turquoise. Turquoise should serve as resistance for the white line and white line should serve as resistance for the pink line. SELL when pink line tests the white line and bounces down.
You can also play less perfect signals where pink or white tests blue as support or where white is not above the blue line yet but you still get a test of the white from the pink. These are slightly more risky.
- SOME SIGNAL EXAMPLES:
Enjoy :)
VK trend scalper 30mThis strategy is designed to be used on the 30 minute time frame
In this strategy, I actually implemented my own scalping style into building the strategy. Having to replicate my own trading strategy into an algorithm, I can't make it exactly perfect to how I would trade, but what I can do is try and program the parameters that give it the absolute best chance of making a big move with a small drawdown- which replicates part of my trend trading style. Here I am using VWMA , EMA and trend filtering values to find trend change and best entries.
you can also try it on any cryptocurrency/forex/commodity/stocks
*This script is currently experimental you can try it if you want.
MoneyFlow SCALP
this indicator to trade for a short time in a TF of 1-5-15 minutes.
We have created takeprofit zones for you so that you can understand where we can get to and take your profit. these points are mostly very helpful.
There are basic settings that allow you to adjust the indicator individually for each situation; because of this, this indicator can be used for any exchange and any currency pair.
For Scalp trading, we use 4 different strategies available to our clients. If you enter them correctly, you can never see the minus sign.
Use the link below to obtain access to this indicator.
NSDT Scalping ChannelThis script uses the highs and lows of the candles (instead of the close) to make a "channel" to reference while scalping.
Use the green lower line as a guide to go long and the red upper line as a guide to go short. You may use the lines as potential entry points and direction but you may want to consider exiting before the opposite colored line prints, as that may be too late. As always, entries and exits are at the discretion of each trader.
You will need to adjust the "Line Spacing" settings as you change instruments, chart timeframes, and/or volatility increases/decreases.
