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Scalping The Bull Indicator

Name: Scalping The Bull Indicator

Category: Scalping, Trend Following, Mean Reversion.

Timeframe: 1M, 5M, 30M, 1D depending on the specific technique.

Technical Analysis: The indicator supports the operations of the trader named "Scalping The Bull" which uses price action and exponential moving averages.

Suggested usage: Altcoin showing strong trends for scalping and intra-day trades. Trigger points are used as entry and exit points and to be used to understand when a signal has more power.

It is possible to identify the following conformations:
  • Shimano: look at the price records of a consecutive series of closings between the EMA 60 and the EMA 223 when a certain threshold is reached. Use the trigger points as price structures to identify entry and exit zones (e.g. breakout of the yesterday high as for entry point) .
  • Bomb: look at the price registers a percentage variation in a single candle, greater than a threshold such as 2%, in particular on shorter timeframes and around the trigger points.
  • Viagra: look at there is a consecutive series of closes below the EMA 10.
  • Downward fake: look when, after a cross under (Death Cross), the price returns above the EMA 223 using the yesterday high as a trigger point.
  • Emergence: look at the EMA 60 is about to cross over the EMA 223.
  • Anti-crossing: look at, after an important price rise and a subsequent retracement, the EMA 60 is about to cross under the EMA 223 but a bullish impulse brings the price back above the EMAs.
  • For Sales: look at two types of situations: 1) when the price falls by more than 10% from the opening price and around the yesterday’s low or 2) when the price falls and then reaches, in the last 5 days, a bigger percentage and then breaks a trigger point.
  • Colour change: look at the opening price of the session - indicated as a trigger point.
  • Third touch of EMA 60: look for 3 touches below the EMA 60, and enter when there is a close above the EMA 60.
  • Third touch of EMA 223: look for 3 touches when there are 3 touches below the EMA 223, and enter when there is a close above the EMA 60.
  • Bud: look at price when it crosses upwards the average 10 and subsequently at least 2 "rest" candles are between the maximum and minimum of the breaking candle.
  • Fake on EMA 10: look for the open of a candle higher than the EMA 10, the minimum of the candle lower and the closing price returns above the EMA 10..

For Stop Loss and Profit Targets consider a proper R/R depending on Risk Management, using price structures such as the low of the entering candle and a quick Position Management moving quickly the Stop-Loss at Break-Even.

Configuration:
Market
  • EMA: The indicator automatically configure itself on market it knows (Binance, Piazza Affari and NASDAQ) otherwise it can be configured manually fo Crypto market (5/10/60/223) or Stock Market (5/10/50/200).
  • Additional Average: You can display an additional average, e.g. 20-period average.

Chart elements:
  • Session Separators: indicates the beginning of the current session (in blue)
  • Background: signals with the background in green an uptrend situation ( 60 > 223) and in red background a downtrend situation (60 < 223).

Trigger points:
  • Today's highs and lows: draw on the chart the opening price of the daily candle and the highs and lows of the day (high in purple, low in red and open in green)
  • Yesterday's highs and lows: draw on the chart the opening price of the daily candle, the highs and lows of the previous day (high in yellow, low in red).

Credits
  • Massimo: for refactoring and suggestions.
릴리즈 노트: General improvements :
- Calculation and optimization
- Label updates
릴리즈 노트: General improvements:
- Better detection of EMA periods
- Shows the gaps (between orange line and green line)
릴리즈 노트: - Updated license
- General improvements:
- Better selection of the market type
- Labels for Trigger Points

- Credits:
- AlessandroZ

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