Super Scalping Indicator (Heikin Ashi Optimized)

6 jam yang lalu

The Super Scalping Indicator is a custom trading indicator designed to assist traders in identifying potential buy and sell signals using a combination of technical analysis tools. This indicator is optimized for Heikin Ashi candles, which smooth out price data to highlight trends more clearly.

Key Features

• MACD (Moving Average Convergence Divergence): Identifies momentum changes by comparing two exponential moving averages (EMAs).
  
• RSI (Relative Strength Index): Measures the speed and change of price movements to identify overbought and oversold conditions.
  
• Bollinger Bands: Provides a relative definition of high and low prices by using a moving average and standard deviations.
  
• Volume Spike Detection: Highlights significant changes in trading volume, which can precede price movements.
  
• Buy and Sell Signals: Combines the above indicators to generate potential entry and exit points.
  
• Overbought and Oversold Markers: Visual cues for extreme RSI conditions.
  

Indicator Components

Inputs

• EMA Lengths: fast_length and slow_length determine the periods for the fast and slow EMAs in the MACD calculation.
  
• Signal Line Length: signal_length sets the period for the MACD signal line.
  
• RSI Length: rsi_length defines the period for the RSI calculation.
  
• Overbought/Oversold Levels: upper_rsi and lower_rsi set the thresholds for RSI conditions.
  
• Bollinger Bands Parameters: bb_length and bb_std control the Bollinger Bands' moving average period and standard deviation multiplier.
  
• Volume Multiplier: volume_multiplier is used to detect significant volume spikes.
  

Calculations
Heikin Ashi Data:

• Since the chart is set to Heikin Ashi candles, the standard open, high, low, and close variables reference Heikin Ashi values.
  
• Variables ha_open, ha_high, ha_low, and ha_close are assigned these values for clarity.
  

MACD Calculation:

• fast_ema: Fast EMA of ha_close.
  
• slow_ema: Slow EMA of ha_close.
  
• macd_line: Difference between fast_ema and slow_ema.
  
• signal_line: EMA of macd_line.
  

Signal Conditions
Buy Condition:

• MACD line crosses above the signal line.
  
• RSI is below the lower_rsi threshold.
  
• ha_close is below the lower Bollinger Band.
  
• Volume spike is detected.
  

Sell Condition:

• MACD line crosses below the signal line.
  
• RSI is above the upper_rsi threshold.
  
• ha_close is above the upper Bollinger Band.
  
• Volume spike is detected.
  

Overbought/Oversold Conditions:

• Overbought: RSI exceeds upper_rsi.
  
• Oversold: RSI falls below lower_rsi.
  

Plotting
Bollinger Bands:

• Plots upper_band and lower_band with shaded area in between.
  

Buy and Sell Signals:

• Buy: Green upward-pointing triangles below price bars.
  
• Sell: Red downward-pointing triangles above price bars.
  

Overbought/Oversold Markers:

• Overbought: Purple circles above price bars.
  
• Oversold: Teal crosses below price bars.
  

Alerts
Buy Alert: Triggered when buy conditions are met.
Sell Alert: Triggered when sell conditions are met.

How to Use the Indicator
Set Chart to Heikin Ashi Candles:
Select "Heikin Ashi" from the chart type options.


Disclaimer

• Not Investment Advice: This indicator is a tool for analysis and does not constitute financial advice.
  
• Test Thoroughly: Always test on a demo account before live trading.
  
• Use in Conjunction: Combine this tool with other forms of analysis for best results.
  

Developed by: Mohd Faizan Othman
Contact: ibudata on Twitter / x
Support My Work: Donations are welcome at Ethereum address: 0x0F1397469a0333c899aad52b4ada89Bb816ADFd7.