OPEN-SOURCE SCRIPT
Updated Precision Trend Scalping
This indicator is used specifically for heiken ashi candles. It indicates a reversal signal and only appears when a high volume doji candle forms and should develop in real time.
Release Notes
This Indicator is to help with trend scalping. It includes the 100 EMA and is meant to be used with Heiken Ashi Candles.Indicator appears when we have clean pullback (Flat tops for buys and flat bottoms for sells) candles followed by a High Volume Doji Candle which is at least the same size or bigger then the previous few candles.
Simply helps identify a possible reverse is coming in the market. Best used when the doji is the same color the direction of the reversal.
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.