PROTECTED SOURCE SCRIPT
[blackcat] L3 Low TF Scalper
Level 3
Background
Low time scapling is a challenge, I am always working on developping better scalper for low timeframe (TF)
Function
Lower time frame trading is known as scalping. It is often considered as a risky strategy as you have a small margin to make a mistake. In fact, you have to get the best trading accounts for the scalp. Choosing a faulty account and trying to earn money with the low-end tools will result in big losses.
This is a simple but powerful scalper which may need you to set up reference look back period e.g. "3D" == 3 days, or "5D" == 5 days,high of high and low of low as basic resistance and support levels. Because if you set up proper look back parameter as a string of resolution , it is simple but valid levels for your to judge whether price is in oversold or overbought status.
I use green labels 'B' to indicate oversold buy based on look back period set and red labels "S" inidcating overbought sell based on look back period parameter as well.
Remarks
Free but closed source.
Feedbacks are appreciated.
Background
Low time scapling is a challenge, I am always working on developping better scalper for low timeframe (TF)
Function
Lower time frame trading is known as scalping. It is often considered as a risky strategy as you have a small margin to make a mistake. In fact, you have to get the best trading accounts for the scalp. Choosing a faulty account and trying to earn money with the low-end tools will result in big losses.
This is a simple but powerful scalper which may need you to set up reference look back period e.g. "3D" == 3 days, or "5D" == 5 days,high of high and low of low as basic resistance and support levels. Because if you set up proper look back parameter as a string of resolution , it is simple but valid levels for your to judge whether price is in oversold or overbought status.
I use green labels 'B' to indicate oversold buy based on look back period set and red labels "S" inidcating overbought sell based on look back period parameter as well.
Remarks
Free but closed source.
Feedbacks are appreciated.
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