OPEN-SOURCE SCRIPT
Scalp EA for 15 Minute Timeframes and Higher

So I have written this indicator based upon the percentages of the High and the Low of the candlestick with respect to the open price. This indicator by no means tries to find top's and bottom's;however, it does find good opportunities for 5-20 pips reversals or continuations. The signal is provided without delay and should only be based upon the closing of the candle. For example, at open- the indicator will tell you "buy, sell, or remain flat" but you should only buy or sell when the candle has completely closed.
Choose whether to use it for scalps, or to set up larger trades with bigger time frames and support or resistance zones.
*Warning*- This is untested and will remain untested due my unavailability.
Reason behind the coding: As I trader, I like to think that I am always "buying low and selling high"or "selling high and buying low". Throughout my trading experiences, I can tell you that I have done the opposite many times. This indicator helps me in finding opportunities as I have written it to always Sell at the closing price of a green candle and always to buy at the close of a red candle. The indicator makes the attempt to Sell High and Buy Low.
Choose whether to use it for scalps, or to set up larger trades with bigger time frames and support or resistance zones.
*Warning*- This is untested and will remain untested due my unavailability.
Reason behind the coding: As I trader, I like to think that I am always "buying low and selling high"or "selling high and buying low". Throughout my trading experiences, I can tell you that I have done the opposite many times. This indicator helps me in finding opportunities as I have written it to always Sell at the closing price of a green candle and always to buy at the close of a red candle. The indicator makes the attempt to Sell High and Buy Low.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.