SMEF Scalper 2.0

SMEF Scalper 2.0 by shaslund.

Trying to mix some humour into technical trading.
Kudos to Douglas Adams for his great books. Please take some time to read them.
I believe all traders have been SMEF'd now and then...

For the uninitiated: SMEF = 'Spontaneous Massive Existence Failure'.

Methology:
I am combining a TEMA and a volume-weighted average to predict the trend changes (buy/sell).

Features:
Some funny, some useful.

Changes in v2.0:
Removed some garbage and unprotected the code.

Thanks to ChrisMoody, LazyBear and Hpotter for invaluable scripting ideas :-)

Now, go ahead and board the 'Heart of Gold' and enjoy the ride :-)

Release Notes

- Corrected some bugs.
- Changed some defaults and colors.

Release Notes

....some subtle changes

Release Notes

Minor adjustments (menu text etc)

Release Notes

- Chart update
- Small change in the intro remarks.

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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.

Want to use this script on a chart?

Complector

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.