Bitcoin (BTC) Scalp / Short-term Long Indicator

10. Nov. 2020

The purpose of this scalping Indicator is to help identifying Buy signals for short term trades on Bitcoin (Spot, Features, etc.).

This script is working with more indicators and everything is balanced by hard work on (back)testing.
Result for users is a simple signal to BUY. 


You can use it as easy indicator in your graph or create alerts.



I have the best results on 1min graph, with leverage and stop-loss feature.

This is my own version of scalping Buy Script / Indicator, which is a combination of few indicators, for example RSI, BB and price levels (actual and average) and works on standard candles. 



LONG signal paints below the candle and you can set your target / trailing / stop-loss in the settings and check how it works in Strategy Tester.

Settings of this Indicator:

• Take Profit
  
• Stop Loss
  
• Trailing Stop Loss
  
• Trailing Stop Loss Offset
  
  
• Initial Capital
  
• Base Currency
  
• Order size
  
• Pyramiding
  
• Commissions
  
• Slippage
  
  
• Average price lines (colors and visibility)
  
• Plot background
  

These signals can be often observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again.
Therefore these are interesting levels to place limit orders.

A Buy signal is defined as the last down candle before a sequence of up candles.

In my trading settings I have more but small positions, one safety limit order (for price averaging = better entry - easier close in profit) and stop-loss.
Sometimes trailing-profit feature have very nice profits.
Settings depends on your own money-management and free capital.

In addition to the upper/lower limits of each line, also average value is marked as this is an interesting area for price interaction and better view.

PM me to obtain access, more informations or support.






NOTICE: By requesting access to this script you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script.

15. Nov. 2020

Versionshinweise

Updated default values for easier use without first settings.