Trend Scalper (Expo) is a Scalping strategy based on , and moving averages techniques. The idea is to visualize scalping opportunities in trends.
The trend is determined by the color of the moving average called ‘TrendHolder’ The ‘Trendholer’ consists of 3 colors, green, red and orange. Green is a positive trend, red is a negative trend and orange is a neutral or no trend.
Scalping opportunities are visualized by the circles and the triangles. The circles are based on calculation. The triangles are based on calculation.
- If there is a green circle and a green triangle and ‘Trendholder’ is orange or green, Enter Long!
- If there is a red circle and a red triangle and ‘Trendholder’ is orange or red, Enter Short!
Combine the indicator with HEIKIN ASHI .
HOW TO USE
1. Use the indicator to find scalping opportunities in trends.
INDICATOR IN ACTION
The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
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ACCESS THE INDICATOR
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- Impulse signals are added.
--> Impulse signals have been improved for better accuracy.
- Bullish impulse signals are added.
- Bearish impulse signals are added.
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