This is the final version of scalping Buy and Sell Indicator, which is a combination of few indicators such as EMAs, MAs, Rsi, and MACD. It best used on 1hr, 4 hrs and smaller TimeFrame for scalping on Bitmex and other exchanges. Buy symbol paints below the candle and sell symbol paints above the candle. Buy and Sell Alerts are added for this indicator. In the Alerts window, please choose the option "Once the candle closes" for best results.
This is an invite-only script. Please message me or mail me for access. I am giving access to limited people only.
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Added lookback period in the setting to change it to reduce and increase the number of signals. Default value is 7
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added backtested strategy for this script to show the performance of this indicator
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Added Volume Analyzer in the settings. By default this option is unchecked. you can check this option to add an extra filter condition to buy and sell.
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Updated to Version 4
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Reupdate
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Added Apply Logic at the Bar close in the settings as an option. The default setting is off. The logic gets applied just before the candle closes so the signal will not fluctuate when the candle is active.
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update - issue of Not able to add the indicator back to the chart is resolved
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Safe Mode Added new option in the setting. This is less aggressive method and generate less and accurate signals . Safe mode can be used on higher time frame as well. By Default Safe mode is off.
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Update -Converted to Version5 pine script -Organized Indicator settings with more clear instructions using tooltip as needed. -Added a new tab called Auto in the indicator settings with StartPeriod and EndPeriod. StartPeriod and EndPeriod are used to determine the best settings for the lookback period. (default is 2 to 20) smaller range of StartPeriod and EndPeriod, faster to load. -Removed the Volume Analyzer option temporarily. I will work on making it more useful with automatic and manual lookback periods.
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Added ShowLabels under the General tab in the settings as per user request. This option will let users enable or disable Buy and Sell labels to reduce overcrowding of labels and symbols on the lower timeframe.