HPotter

TTM Scalper Indicator

TTM             scalper indicator of John Carter’s Scalper Buys and Sells. The methodology
is a close approximation of the one described in his book Mastering the Trade.
The book is highly recommended. Note the squares are not real-time but will
show up once the third bar has confirmed a reversal.
Remove from Favorite Scripts Add to Favorite Scripts
////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 29/09/2014
// TTM scalper indicator of John Carter’s Scalper Buys and Sells. The methodology 
// is a close approximation of the one described in his book Mastering the Trade. 
// The book is highly recommended. Note the squares are not real-time but will 
// show up once the third bar has confirmed a reversal. 
////////////////////////////////////////////////////////////
study(title="TTM scalper indicator", overlay = true)
width = input(2, minval=1)
triggerSell = iff(iff(close[1] < close,1,0) and (close[2] < close[1] or close[3] <close[1]),1,0)
triggerBuy = iff(iff(close[1] > close,1,0) and (close[2] > close[1] or close[3] > close[1]),1,0)
buySellSwitch = iff(triggerSell, 1, iff(triggerBuy, 0, nz(buySellSwitch[1])))
SBS = iff(triggerSell and buySellSwitch[1] == false, high, iff(triggerBuy and buySellSwitch[1], low, nz(SBS[1])))
plot(SBS, color=blue, title="TTM", style = circles, linewidth = width)
DONATE/TIP

BTC: 1Lo1GoTNsPbrjGAgPgF4MYZPhBFdoVHaTm
All the dots are blue. Which one is buy/sell?
Reply
HPotter joe_vijay
I tried make it colored, but it is not ready. I think it should work as support and resistance line.
Reply
HPotter joe_vijay
I fixed it. For colored dots, You can change last line 14 on the this code: clr_s = iff(triggerSell and buySellSwitch == false, 1, iff(triggerBuy and buySellSwitch, 0, nz(clr_s)))
clr = iff(clr_s == 0 , green , red)
plot(SBS, color=clr, title="TTM", style = circles, linewidth = width)
Reply
HPotter HPotter
Reply
HPotter HPotter
Reply
HPotter joe_vijay
Republic
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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