Scalper AL — Indicator by Niki5289

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

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