OPEN-SOURCE SCRIPT
killer monk trend scalper
This custom indicator brings together several popular tools into one streamlined package. It’s designed to help you spot potential trend reversals and generate clear buy and sell signals. The indicator works by identifying divergences between price and the RSI, using EMA9 and EMA20 to gauge the trend. The Supertrend further confirms the market direction, while a built-in volume filter ensures that signals are only generated during periods of active trading.
A standout feature is its unified trend line, based on EMA9, which changes color dynamically—green when the market is in an uptrend and red during a downtrend. Buy and sell signals are marked directly on the chart, and you can set up alerts so you never miss a trading opportunity.
A standout feature is its unified trend line, based on EMA9, which changes color dynamically—green when the market is in an uptrend and red during a downtrend. Buy and sell signals are marked directly on the chart, and you can set up alerts so you never miss a trading opportunity.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
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