Scalping Line Indicator by KivancOzbilgic

"A derivated indicator of the stair step moving average exploration. This time, the stairstep MA (the main trend) represent the center of the oscillator.

The signal line (maroon line) is the difference between this center and a simple moving average of 7 periods by default.

Trade signals seems pretty effective on tick charts representation. Take long when signal line cross above zero and short below it. Of course, as always objectives and stoploss protection are your responsabilities

You can play with different parameters to sweet any other instruments."

Coded referring the"Scalping Line Indicator" from prorealcode for Tradingview users after one of my followers asked me to do so.

Threads: threads.net/@kivancozbilgic

YouTube (Turkish): youtube.com/c/kivancozbilgic

YouTube (English): youtube.com/c/AlgoWorld

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.

Disclaimer

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