piphunter speed scalper
Piphunter speed scalper is designed to be super aggressive at finding entries
it is designed to try and allow users to find entries on the trend they are in as well as find exit points as quickly as possible
the make-up of this indicator is most notably the 2 signal lines which are based on a mathematical process that takes the average movement in each direction over a given period and averages it out into a percentage and when they cross is the idea that price is now moving in that direction.
to add to this there is the averaged line of which it causes the fill between the 2 signal lines to change colour as it passes it to become either strong bullish colour in a bullish trend (when the signal lines are bullish and above the average line)
or when it is strong bearish in the case of the signal lines being bearish while below the average line
I have also included an extra-strong Dot which is designed just to give the user a heads up on a new trend potentially starting as the direction has changed in the indicator from its defined overbought and oversold areas.
XAUUSD
chart shown is 10 minute chart
it is designed to try and allow users to find entries on the trend they are in as well as find exit points as quickly as possible
the make-up of this indicator is most notably the 2 signal lines which are based on a mathematical process that takes the average movement in each direction over a given period and averages it out into a percentage and when they cross is the idea that price is now moving in that direction.
to add to this there is the averaged line of which it causes the fill between the 2 signal lines to change colour as it passes it to become either strong bullish colour in a bullish trend (when the signal lines are bullish and above the average line)
or when it is strong bearish in the case of the signal lines being bearish while below the average line
I have also included an extra-strong Dot which is designed just to give the user a heads up on a new trend potentially starting as the direction has changed in the indicator from its defined overbought and oversold areas.
XAUUSD
chart shown is 10 minute chart
Release Notes:
adjusted settings
slow length 5.648 -> 18
fast length 1.189 -> 6
added 6 new alerts one for each change in the oscillator colour and one for each dot printing
slow length 5.648 -> 18
fast length 1.189 -> 6
added 6 new alerts one for each change in the oscillator colour and one for each dot printing
Release Notes:
by user request, the old default settings have been returned
Release Notes:
fixed alerts