This indicator was initially created for stablecoins scalping but its use is not restricted to stablecoins.
It permits to catch the scalp opportunities when the price is moving quickly inside a range.
Good examples of stablecoins pairs are BUSD-VAI, AMP-USDT, DAI-UST.
The default Smooth Factor is 7. This is should be tuned to the fit the price movement for each pair. Each pair of stablecoins can perform better with a different Smooth Factor.
The Smooth Factor is used to reduce too much frequent signals in ranging periods. Increase the Smooth Factor till 14 to reduce the weaker signals and decrease to catch more signals.
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact hBroker for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.
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Warning: please read before requesting access.