Niki5289

Scalper AL

The script is an updated version of our old Scalper 1.1. It includes a linear regression line for trend indication, a moving average line and the buy sell labels. The fluctuation and strength of the trend can be discerned from Pearson's value and its sign. Algorithmic trading can be done by setting an alarm. There is a provision to set target and stop loss in setting window(for algo trading). It's more profitable on the 15 minute chart, and applies to any type of stock.The color of the moving average represents the short term trend.


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Release Notes: Updated the script with polynomial regression line.
Release Notes: Updated the visibility of the main trend(Background color)
Release Notes: Updated the alarm settings.
Release Notes: Removed the polynomial regression line and updated the signal logic.
Release Notes: Updated with target and stoploss. It is more suitable for swing trading and it is more profitable on 15 min chart.
Release Notes: Updated the alarm settings.
Release Notes: Updated the target and stop loss.
Release Notes: Updated the exit conditions.
Release Notes: Updated the exit alarms.
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Niki5289 for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.

Author's instructions

Use the link given below or WhatsApp your Trading view ID to get access to this indicator.+91 7057407740

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Warning: please read before requesting access.

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