NSDT Scalping Channel

This script uses the highs and lows of the candles (instead of the close) to make a "channel" to reference while scalping.

Use the green lower line as a guide to go long and the red upper line as a guide to go short. You may use the lines as potential entry points and direction but you may want to consider exiting before the opposite colored line prints, as that may be too late. As always, entries and exits are at the discretion of each trader.

You will need to adjust the "Line Spacing" settings as you change instruments, chart timeframes, and/or volatility increases/decreases.
Release Notes:
By request, added the ability to set alert for long or short condition.
Release Notes:
Updated code to comply with new color transparency requirements in Pinescript.
Release Notes:
Added shading to area between lines, by request. Added 3 more multipliers between original ones to provide more flexibility on various instruments.
Release Notes:
Converted code to Pinescript V5. Per user request, added alert option for high crossing upper line and low crossing lower line.

ALL indicators, strategies and bots are included with Discord access.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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.

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