yuthavithi's BB Scalper

521 0 108
A trend based BB scalper. It uses day time frame data to determine trend. When price moves above sma , it is up trend , otherwise it is down trend. the trading signal is determined in lower time frame using bband. In up trend, it will only buy and close when price reaches bb upper band. In downtrend it will do the opposite
Remove from Favorite Scripts Add to Favorite Scripts
study(title="yuthavithi's BB Scalper", shorttitle="YUTHAVITHI BB Scalper", overlay=true)
len = input(20, minval=1, title="Length")
multiplier = input(2, minval=1, title="multiplier")
src = input(close, title="Source")
out = sma(src, len)
plot(out, title="SMA", color=blue)

stdOut = stdev(close, len)
bbUpper = out + stdOut * multiplier
bbLower = out - stdOut * multiplier
plot(bbUpper, color = orange)
plot(bbLower, color = orange)

closeLongTerm = security(tickerid, "D", close)
smaLongTerm = security(tickerid, "D", sma(close,20))

plot(smaLongTerm, color=red)

trendUp = (closeLongTerm > smaLongTerm) 
trendDown = (closeLongTerm < smaLongTerm) 

bearish = (cross(close,out) == 1) and (close[1] > close) and trendDown
bullish = (cross(close,out) == 1) and (close[1] < close) and trendUp

plotshape(bearish, color=red, style=shape.arrowdown, text="Sell", location=location.abovebar)
plotshape(bullish, color=green, style=shape.arrowup, text="Buy", location=location.belowbar)

closeBuy = (high[1] > bbUpper) and (close < bbUpper) and (close < open)
closeSell = (low[1] < bbLower) and (close > bbLower) and (close > open)

plotshape(closeSell, color=red, style=shape.arrowup, text="Close", location=location.belowbar)
plotshape(closeBuy, color=green, style=shape.arrowdown, text="Close", location=location.abovebar)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out