OPEN-SOURCE SCRIPT
Pawel Scalper
The Pawel Scalper is a trading indicator designed to identify trend shifts and potential trade opportunities using multiple Exponential Moving Averages (EMA). It utilizes the following key components:
EMA Crossovers:
Large buy/sell signals are generated when EMA5 crosses above EMA100 (buy) or below EMA50 (sell).
Small buy/sell signals are triggered when EMA10 crosses EMA20, indicating short-term trend changes.
Dynamic EMA Visualization:
EMA10, EMA20, and EMA200 are plotted with customizable colors and thickness.
The space between EMA10 and EMA20 is shaded dynamically to reflect trend direction.
Background Shading:
The entire chart background changes based on EMA10's position relative to EMA200:
Green shading when EMA10 is above EMA200 (bullish bias).
Red shading when EMA10 is below EMA200 (bearish bias).
This indicator is particularly useful for scalpers and trend-following traders who rely on EMA crossovers and visual cues for quick decision-making.
EMA Crossovers:
Large buy/sell signals are generated when EMA5 crosses above EMA100 (buy) or below EMA50 (sell).
Small buy/sell signals are triggered when EMA10 crosses EMA20, indicating short-term trend changes.
Dynamic EMA Visualization:
EMA10, EMA20, and EMA200 are plotted with customizable colors and thickness.
The space between EMA10 and EMA20 is shaded dynamically to reflect trend direction.
Background Shading:
The entire chart background changes based on EMA10's position relative to EMA200:
Green shading when EMA10 is above EMA200 (bullish bias).
Red shading when EMA10 is below EMA200 (bearish bias).
This indicator is particularly useful for scalpers and trend-following traders who rely on EMA crossovers and visual cues for quick decision-making.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.