Scalper 1.1

Conceived by Lerin K S in May 2020.This is one of the best trend analysis indicator in the market. The green line indicate an uptrend red line represents downtrend. This indicator display Buy Sell signal at the trend change.The accuracy of the indicator can be adjust for different time frames from the settings.

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Customised signal settings to adapt with multiple time frame.

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Simplified user setting window

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Updated with weak signal detection and narrow range identification. When a weak signal comes in,check the next two candles and enter.

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Modified internal signal calculation

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Weak signal detection does not mean that the upcoming trend is weak, but the entry point must be checked. Once a weak signal is received, the incoming candles must be analyzed for proper entry.

The stoplos and target must be in the color change of the signal

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Updated the setting parameters.

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The settings have been modified due to confusion in the weak and strong signal.

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Updated the percentage for gap detection.

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The settings have been updated. There will be four default settings and one custom setting. We can adjust the signal with different types of stocks compared to historical behavior.

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Updated main trend. Entry needs to be confirmed along with the main trend.

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Updated with alert system and weak trend analysis.

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Improved window adjustment.

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Internal algorithm updated

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Algorithm updated

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Added regression trend to the script, which will help you find strong and weak call signal

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Updated the script with buy / sell values and linear regression.

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Settings updated.

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Internal Modification

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Updated the signal line

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Updated parameters based on stock type. The modification is be based on a back test conducted on Nifty 50 stocks

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Updated the script

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Updated the script with sell and buy signal at the bar close.

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Updated the signal line.

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Updated the settings window

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With the new version, you can do algorithmic trading with Fyers and Alice Blue. The signal line has been updated and the single setting will match any type of stocks.The configuration window is simplified

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Algorithmic trading stop loss and target updated.

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Algorithmic logic updated.

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Updated algorithmic logic.

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Small modification on signal period.

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Updated the script with multiple time frame candle plotting facility. The current time frame can plot the candle of another time frame.

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Updated Target and Stoploss for Configuration Screen and Algorithm Trading.

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Updated alarm settings.

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Updated the parameter screen and target setting method for forex and equity.

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Updated the signal line and target and stoploss for algorithmic trading.

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Updated with highlighted main trend.

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Updated the trend color.

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Updated long and short entry point for algorithm trading based on candle closure position, linear regression line and moving average line position.

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Updated the script with the main trend of the green and red background. One can take Position by confirming the signal and main Strength Behavior.


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Release Notes:

Updated algorithmic trading exit conditions.

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Updated the main trend based on the multi time frame analysis.

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Updated the highlighting option and algo trading conditions.

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The script updated with parameter settings for algo trading.

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Updated th bar color in chart based on the trend. Option available in setting to reset the bar color.