gary_trades

Scalping levels with Trend Filter Script

This indicator has been designed with short term scalping traders in mind.
It includes key pivot levels for previous day high, low and current central and levels 1, 2 and 3. Plus it also has weekly high, low and central pivot points .
It also has 3 moving averages. One is a longer average to identify trend and two shorter averages that could potentially be used to as trade triggers.
However the two short / faster moving averages also contribute to the color changing aspect of the long term "Trend" moving average.
The trend moving average incorporates multiple data points to identify if price is in a tradable trend or not.
Indicators / data that feed into the trend moving average are:
- Actual moving average below price or above price = bullish or bearish
- ADX level is currently above key level (default set to 20) = bullish
- Rate of Change above zero for bullish price and below zero for bearish price
- Whether faster moving average is above slow moving average = bullish or bearish .
If all data points are bullish then the trend moving average = Green, if all points are bearish then the trend moving average = Red and if they don't match then there is no clear trend or trend may be about to change which = Orange.
All settings have been included as inputs so the user can adjust any of these indicators which will also change the trend filter.
As an added extra that does not impact the trend filter I also included the VWAP given it's popularity for short term scalping trading.
Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

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