Neru_UniversalScalping - Tool
Markets: All markets, this is a universal tool which is using 100% standard settings for all built-in indicators.
Interval: 3 minutes to maximum 2 hours.
Built-In indicators:
- Basic Candlesticks (E/R as stronger one and H/T as weaker one)
- Stochastic breakups and breakdowns shown in different candle colors (close, 20 and 80)
- Extreme overbought and oversold conditions marked with a + an - (Stochastic >95 and <5)
- Daily and 4H Pivot Points
- Ichimoku Cloud (including Senkou´s, Tenkan + Kijun)
- 5 SMA´s (50,100,200,400 and 800)
- TrendEvaluator at the bottom, showing a basic trend (calculated from the cloud and 3 Moving Averages, 50, 100 and 200)
- Temporary buying + selling pressure labelled as arrows above and below candles
- Standard Parabolic Sar built-in
Risk Management:
You have the option to plot a basic risk calculation into the charts, based on the assumption, you don´t use a leverage and 100% equity.
Shown is a stop loss offset, the % and the price. Same goes for 3 take profits. Fees and spread are NOT included in this calculations.
You can choose between 0.25%, 0.5%, 1% and 1.5%, obviously the smaller the timeframe, the smaller risk you need to consider.
General Information:
All settings are adjustable, also in color and position.
This is not an automated system, that is generating entries and exits. With help of the built-in alarms you will have always to consider
the environment such as the trend, the relative position to the Pivot Points, the relative position to the Moving Averages and for example
conditions such as oversold / overbought and key-levels. It´s not replacing a human.
Please always be aware that counter trades on pullbacks are always more risky than trend-follow trades and a beginner should stick to less risk.
Warm regards, Neru
Markets: All markets, this is a universal tool which is using 100% standard settings for all built-in indicators.
Interval: 3 minutes to maximum 2 hours.
Built-In indicators:
- Basic Candlesticks (E/R as stronger one and H/T as weaker one)
- Stochastic breakups and breakdowns shown in different candle colors (close, 20 and 80)
- Extreme overbought and oversold conditions marked with a + an - (Stochastic >95 and <5)
- Daily and 4H Pivot Points
- Ichimoku Cloud (including Senkou´s, Tenkan + Kijun)
- 5 SMA´s (50,100,200,400 and 800)
- TrendEvaluator at the bottom, showing a basic trend (calculated from the cloud and 3 Moving Averages, 50, 100 and 200)
- Temporary buying + selling pressure labelled as arrows above and below candles
- Standard Parabolic Sar built-in
Risk Management:
You have the option to plot a basic risk calculation into the charts, based on the assumption, you don´t use a leverage and 100% equity.
Shown is a stop loss offset, the % and the price. Same goes for 3 take profits. Fees and spread are NOT included in this calculations.
You can choose between 0.25%, 0.5%, 1% and 1.5%, obviously the smaller the timeframe, the smaller risk you need to consider.
General Information:
All settings are adjustable, also in color and position.
This is not an automated system, that is generating entries and exits. With help of the built-in alarms you will have always to consider
the environment such as the trend, the relative position to the Pivot Points, the relative position to the Moving Averages and for example
conditions such as oversold / overbought and key-levels. It´s not replacing a human.
Please always be aware that counter trades on pullbacks are always more risky than trend-follow trades and a beginner should stick to less risk.
Warm regards, Neru
Release Notes:
Bug in Alerts corrected!
Next update with more Alerts planned for upcoming week. :)
Next update with more Alerts planned for upcoming week. :)
Release Notes:
UPDATE 8.11.:
- More Alerts are added on Pivot Points, Pullbacks and more
- Minor visual bugfixes
- Pivots S4, S5, R4 and R5 are now seperately hidable
- Added potential Pullbacks as triangles above and below the candles
- More Alerts are added on Pivot Points, Pullbacks and more
- Minor visual bugfixes
- Pivots S4, S5, R4 and R5 are now seperately hidable
- Added potential Pullbacks as triangles above and below the candles
Release Notes:
10.11.19: Minor Bugfixes on other assets than XBT, Pullback alerst added.