OPEN-SOURCE SCRIPT

Trench Cross Scalper

The original script was posted on ProRealCode by user Nicolas.

This indicator is an attempt of scalping strategy by crossing the mean high or low weigthed price over a short "n" period. This 2 lines represent the black "trench" on screenshots attached.

When signal line (blue one) crossing the buy trigger one (dotted green one) a buy signal should occur and vice-versa for a sell signal (when crossing the dotted red one). I add an option to draw the white signal line as the close price value of the high/low ones if they are respectively above or below the trench' buy or sell lines trigger.

The yellow green and red brick lines serve as stoploss.

The indicator can be use alone with no price chart as its values are derivated from it, of course if you dont mind about candlesticks informations.

I think enter/exit trades should occur very quickly, as it were designed for scalping trading purpose. I didn't have much time to test it for a long period, so here it is as a concept indicator, despite that, it does have sense.
scalping

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

Exención de responsabilidad