OPEN-SOURCE SCRIPT
scalping low lag tema etal
Credit for original idea goes to 1 min forex scalping by mikegoryunov
Changes include several lower lag filters (See line 3 for a list)
and values for profit, loss, and trail_points (See lines 48:53)
a, b, & c represent fast, medium, and slow filters. Basic idea is to monitor
crossovers of the three filters to determine buy/sells. Exits occur quickly within
the next time interval.
Note that this may be used for stocks and forex. The time interval can vary widely.
I have concerns about how to incorporate transaction costs with so many transactions.
Changes include several lower lag filters (See line 3 for a list)
and values for profit, loss, and trail_points (See lines 48:53)
a, b, & c represent fast, medium, and slow filters. Basic idea is to monitor
crossovers of the three filters to determine buy/sells. Exits occur quickly within
the next time interval.
Note that this may be used for stocks and forex. The time interval can vary widely.
I have concerns about how to incorporate transaction costs with so many transactions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.