Scalper - Liquidity/Whale Signal Alerts (V3)
This indicator provides real-time signals for long and short trades based on a combination of market conditions. It utilizes advanced trend analysis, momentum, and volatility to help traders identify optimal entry and exit points. The script calculates potential stop loss and take profit levels, dynamically adjusting to market volatility using the ATR.
Key Features:
Trend Indicators: Detects trend changes using EMA crossovers.
Momentum Analysis: Incorporates RSI to identify overbought and oversold conditions.
Volatility-based Stops: Calculates stop loss and take profit levels using ATR for more effective risk management.
Alerts: Notifies traders when significant trade opportunities arise, including long and short signals.
Liquidity Zones: Highlights critical support and resistance levels to guide decision-making.
Alerts:
Long Signal: Triggered when market conditions indicate a buying opportunity.
Short Signal: Triggered when market conditions indicate a selling opportunity.
This script is designed for scalpers and short-term traders who wish to capitalize on price movements while managing risk effectively.