colinmck

Parabolic trend scalper

This is based on a well known 5 min forex scalping strategy that analyses the general trend and goes long/short in that direction. Trades are filtered against a number of fundamentals to minimise the chances of weak signals.

Dark green = Upward trend
Light green = Long signal
Dark red = Downward trend
Light red = Short signal

Alerts are built in and should be set to 'once per candle' if trading with a bot. Ensure that your setup ignores alerts for positions already open in the same direction.
Release Notes: Added alert labels to make entries clearer
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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