Trend Scalper (Expo)

Trend Scalper (Expo)

DESCRIPTION

Trend Scalper (Expo) is a Scalping strategy based on RSI, Stochastic and moving averages techniques. The idea is to visualize scalping opportunities in trends.

The trend is determined by the color of the moving average called ‘TrendHolder’ The ‘Trendholer’ consists of 3 colors, green, red and orange. Green is a positive trend, red is a negative trend and orange is a neutral or no trend.

Scalping opportunities are visualized by the circles and the triangles. The circles are based on RSI calculation. The triangles are based on Stochastic calculation.

- If there is a green circle and a green triangle and ‘Trendholder’ is orange or green, Enter Long!

- If there is a red circle and a red triangle and ‘Trendholder’ is orange or red, Enter Short!

Combine the indicator with HEIKIN ASHI candlesticks.


HOW TO USE

1. Use the indicator to find scalping opportunities in trends.


INDICATOR IN ACTION

BTCUSD

EURUSD

GOLD

The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.

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 continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


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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 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/ideas are only for educational purposes!

Versionsinformation:

Minor improvements, more convenient and easier to use!

Best
Zeiierman

Versionsinformation:

Major Improvements!

• Impulse signals are added.
  

Best

Versionsinformation:

Major update!

--> Impulse signals have been improved for better accuracy.

• Bullish impulse signals are added.
  
• Bearish impulse signals are added.
  
  

Note: Impulse signals can either be the start of a trend move or a sign of reversal.

Best

Versionsinformation:

Improvements!

• Performance Improvements
  
• Top/Bottom feature redesigned
  
• Bullish & Bearish Impulse feature redesigned
  
• Alerts Added
  
• ToolTips Added
  

Versionsinformation:

Performance improvements