OPEN-SOURCE SCRIPT
Updated Andean Scalping
Andean Scalping Implementation - BETA
- Uses Andean Oscillator: alpaca.markets/learn/andean-oscillator-a-new-technical-indicator-based-on-an-online-algorithm-for-trend-analysis/
- Implements a threshold moving average (SMA 1000) on the Andean Signal line at 1.1 factor to filter out small moves
- TP/SL using ATR bands at 3x multiplier
- Uses Andean Oscillator: alpaca.markets/learn/andean-oscillator-a-new-technical-indicator-based-on-an-online-algorithm-for-trend-analysis/
- Implements a threshold moving average (SMA 1000) on the Andean Signal line at 1.1 factor to filter out small moves
- TP/SL using ATR bands at 3x multiplier
Release Notes
Added input variables for:- Andean Signal Threshold Length (default 1000)
- Andean Signal Threshold Multiplier (default 1.1)
Release Notes
Optimized parameters for BTCPERP 15m on FTX. Paramaters are probably overfit for BTC, so use with caution:- ADX threshold to 39.4
- Use trailing take profit set to 0.01 x ATR
Release Notes
Credit to jason5480 for his strategy template, it's gold: 
Credit to alexgrover for his Andean Oscillator implementation: tradingview.com/v/x9qYvBYN/
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.