OPEN-SOURCE SCRIPT
Helter Skalper [by @treypeng]
Just my favourite MAs (MA40 and EMA25) filled into an attractive ribbon a bit like a Ichi cloud.
I use these to help make decisions about trend and whether to get in or out of a longer term trade.
I also use these same MAs to scalp on the 5min chart. I like to wait until the MA40 has flattened before looking for an entry.
I use these to help make decisions about trend and whether to get in or out of a longer term trade.
I also use these same MAs to scalp on the 5min chart. I like to wait until the MA40 has flattened before looking for an entry.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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