OPEN-SOURCE SCRIPT
ScalpingTrend Buy/Sell
ScalpingTrend Buy/Sell
Description:
ScalpingTrend Buy/Sell is a simple and effective buy/sell indicator that works directly on the price chart. It is based on the classic WaveTrend oscillator and focuses solely on buy/sell signals. Signals are displayed with colored candles and optional icons for easy visualization:
- Green candle / up arrow: Buy signal
- Red candle / down arrow: Sell signal
No complex indicators, histograms, or levels are shown, providing a clean and straightforward view of market signals.
Features:
- Buy/sell signals based on the ScalpingTrend
- Optional icons displayed above/below bars
- Candle color visualization for quick recognition
- Simple and easy to use
Inputs:
- Longitud Del Canal (n1): ScalpingTrend channel length
- Periodo Movil (n2): Moving average period
- Reaccion En Cambio De Direccion: Signal reaction to direction changes
- Solo Ventas en Sobre Compra / Solo Compras en Sobre Venta: Enable signals only in overbought/oversold zones
- Nivel Sobre Compra / Nivel Sobre Venta: Overbought and oversold levels
Warnings:
- Signals are for technical analysis purposes only; not financial advice.
- False signals may occur depending on trend and market conditions.
- Risk management and proper stop-loss usage are recommended.
Description:
ScalpingTrend Buy/Sell is a simple and effective buy/sell indicator that works directly on the price chart. It is based on the classic WaveTrend oscillator and focuses solely on buy/sell signals. Signals are displayed with colored candles and optional icons for easy visualization:
- Green candle / up arrow: Buy signal
- Red candle / down arrow: Sell signal
No complex indicators, histograms, or levels are shown, providing a clean and straightforward view of market signals.
Features:
- Buy/sell signals based on the ScalpingTrend
- Optional icons displayed above/below bars
- Candle color visualization for quick recognition
- Simple and easy to use
Inputs:
- Longitud Del Canal (n1): ScalpingTrend channel length
- Periodo Movil (n2): Moving average period
- Reaccion En Cambio De Direccion: Signal reaction to direction changes
- Solo Ventas en Sobre Compra / Solo Compras en Sobre Venta: Enable signals only in overbought/oversold zones
- Nivel Sobre Compra / Nivel Sobre Venta: Overbought and oversold levels
Warnings:
- Signals are for technical analysis purposes only; not financial advice.
- False signals may occur depending on trend and market conditions.
- Risk management and proper stop-loss usage are recommended.
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.