Trend based scalping strategy, to work on lower timeframes (15Minute - 1 Hour) Calculations on ATR, strategy uses extra conditions to help filter out bad trades.
How to use the Indicator? Simple as when green line shows below, that can be either a good entry point or a signal to start building limit orders on the plot. I use the ATR as a trailing stop loss for exit.
vica versa for entering shorts. The strategy is only set up to take long positions though.
This is a great scalping strategy for bots in Ranging or up trending markets.
This scripts has 5 variations built within it which are fitted for certain coins & their timeframes
The coins included are BTC /USDT 1 Hour ETH/USDT 1 Hour ADA/USDT 30 Minutes DOGE/USDT 15 Minutes LUNA/USDT/15 Minutes
You should find the preset alerts for these when you click "Add aler" on this indicator You will see in the settings what default Stop losses I used
The script is written in Version 4 The strategy performs best on the Binance listings