Scalping Line Indicator
"A derivated indicator of the stair step moving average exploration. This time, the stairstep MA (the main trend) represent the center of the oscillator.
The signal line (maroon line) is the difference between this center and a simple moving average of 7 periods by default.
Trade signals seems pretty effective on tick charts representation. Take long when signal line cross above zero and short below it. Of course, as always objectives and stoploss protection are your responsabilities
You can play with different parameters to sweet any other instruments."
Coded referring the"Scalping Line Indicator" from prorealcode for Tradingview users after one of my followers asked me to do so.
The signal line (maroon line) is the difference between this center and a simple moving average of 7 periods by default.
Trade signals seems pretty effective on tick charts representation. Take long when signal line cross above zero and short below it. Of course, as always objectives and stoploss protection are your responsabilities
You can play with different parameters to sweet any other instruments."
Coded referring the"Scalping Line Indicator" from prorealcode for Tradingview users after one of my followers asked me to do so.
Threads: threads.net/@kivancozbilgic
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld