What is Scalping? Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock. Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day. The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves. Traders...
This is a helper indicator for Delorean strategy by Tyrone Foster a.k.a Vector King. Delorean is a scalping strategy based on EMAs. EMA 5/13/50/200/800 followed by yellow/red/aqua/gray and blue color Delorean use 5/13/50 EMAs for short term trend (Scalping). And 200/800 EMAs for long term trend. We aim for the EMA 5/13 cross over/under (a.k.a Shift) for...
Dear followers, today a new analysis tool for day trading, scalping and swing trading: Automatic Fibonacci Retracements and Extensions drawer! It works on every timeframe and market, as it simply draws automatically most important fibonacci levels on the chart. Based on the analysis window set (default 100 bars, but you can edit it as you like), it finds...
This indicator comes with a backtest and alert version. This is the alert version. Its purpose is to create low timeframe and scalping strategies, by choosing from a list of built-in entry points which are described in detail below, and by configuring a risk management system to your liking. Before diving into the entry points, I will explain the strategy and...
Why this script This script will display the buy or sell signals received from indicators, super trend, adx, rsi, macd, sma, and floor pivots along with some tweaked calculations and fixed numbers. This is useful for beginners who want to study the signals and timing to practice. This script is created for educational purpose and can be used for intraday scalping...
StableFork Intraday Indicator The Indicator makes us my experience of 16 years and applies my setup to the price action. The Indicator works on the crossover of 2 moving averages in conjunction with ATR and based on the nature of crossover gives an automated Buy or Sell Signal along with stop loss and profit booking targets. For ALGO trading purpose...
Brief Description About Script It considers the change of price in the direction change of price is +Ve then considered as +Ve money flow -Ve then considered as -Ve money flow and it multplied by Volume change This Strategy works best with NIFTY For Scalping:- Settings:- 1 Min Candle Time Frame, Length 20 For Swing:- Setting:- 30 Min Candle Time Frame,...
Dear Followers, today I'm happy to share with you Altwalker V2 , an updated version of the former Altwalker for lower timeframes (from 5 minutes to 4 hours). It is both a Swing and Scalping Strategy indicator , based on a simple trend following theory , mainly designed for Cryptocurrencies, Altcoins and of course Bitcoin. Here you can see the Altwalker...
- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions. - For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff. - Each band is set at a fixed offset away from the VWAP ....
Trend Following using Channel based Script. Long and Short Entry based on Custom filter to avoid False Signal. Works best for BankNifty and Nifty and few Indian Stocks.
If I ask you what moves the price, most of you will say the same old answer: Demand & Supply But who creates Demand & Supply? You or Me, the retailers? No. It is Big Institutions and Mutual Funds and Big Banks which create this demand and supply because the share of retailers in Stock Market is so little it does not affect the price in a big way. The Big...
Muti Time Frame - Trend Analysis How does it work ? Price movements over range of period is to compute the trend forward. This script used SuperTrend (ST) , ATR and RSI to determine the trend and direction so that a buy sell decision can be made To Indicate the strength of the trendline , RSI is computed over multiple timeframes and then used to in...
Level: 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...
The "EMA Hooman Strategy" indicator contains 3 Moving Average Exponential with 6, 12 and 18 lengths along with close source, which can be used as a LONG or SHORT trading strategies. How it works : When the GREEN line crosses the RED line from UP to DOWN , it means that the price tends to FALL DOWN and you can start a SHORT position. When...
This is an experimental script and is intended to be used only on LTF charts for scalping. It may or may not be useful on other charts and time frame, but that is subject to back testing. Now, coming back to this script. It has multiple features yet i tried to keep it as clean in representation as possible. As obvious, few things are easily recognizable on...
Something different to what you usually see in the pine world Part 2 This is an add on to BlueswimmersMajorBoxV1sloth288. Custom currency screener, to be used with BlueswimmerDoesPine at the same time. to get an idea of whats going on change lookback setting to 0, and go to minute candles. But in a nutshell. With lookback being 1, and if currency pair says...
This is a scalping tool designed for a two pane chart layout. Includes: - EMAs - Price Action Channel - Bar Color based on PAC, Impulse and TTM - Pivot HL - Price, Shape, Text - Pivot Extensions - Dynamic Support Resistance Reference: - Scalping Swing Trading Tool R1-4 by JustUncle - Support Resistance - Dynamic by LonesomeTheBlue
Bold line name is TRENDLINE. Thin line name is SCALPINGLINE. Chronosphere line time changeable scalpingline. And ninja line fast line. Experience to use. When TRENDLINE is 100 or TRENDLINE color green and SCALPINGLINE is 0 , this is a buying opportunity. When TRENDLINE is 0 or TRENDLINE color red and SCALPINGLINE is the opportunity of selling when it is between...