PM_Scalper_Alerts

18. Juli 2020

Friends,
Welcome to ProfitMaximizer(PM) Scalper Alert Indicator. This is same Indicator as that published by me on Dec 26, 2018.
Since the old script was published using "heikin ashi" ,As per recent house rules it was moderated and hidden by Admin.
Based on the discussion with Admin and direction given by them republishing as it is with no change in the code but the chart is now with Real CANDLEs .

This indicator basically uses multiple time-frame and checks the price variation to determine the long and short candles.

On accumulation on good up moving candles the plot is done as Blue color that shows sign for LONG.
On accumulation on good down moving candles the plot is done as Black color that shows sign for SHORT.

Long : Change of Candle from Black to Blue Candle (U can customize color in Styles settings of this indicator)
Short : Change of Candle from Blue to Black Candle.


Alerts : Alerts are inbuilt in this indicator that can be used to get Alerts when the direction of the Candle(Blue to Black,Black to Blue) is getting changed . Financial Market is always risky.Any trade you make based on this indicator and its result is your responsibility.As an author i will be held no responsibility of your trade gain or loss.Be Cautious.

Note : This is scalper indicator and only works only in

• 1min ,2min, 5min, 15min .
  

In Higher timeframe the chart wont paint the colors.

Use the JETLINE to detect good entries ,Price above the JET line good for Long,Price Below the JET line good for short.

The Strategy version of this indicator published on 3-Sep-2018 is here for your study and reference.

Find the indicator useful,Share your feedback in comments and appreciate if this is useful.

Note : This chart can be applied for any TV supported charts.Examples Below.Thank you!


ETH Chart : 5min


EURUSD Chart :5min


SPX500 Chart :5min

17. Sept. 2022

Versionshinweise

PM SCALPER ALERT INDICATOR Update :-
Version : V1.21

• Adapted to V5 pine coding.
  
• Added STOP LOSS, TakeProfit and TakeProfit2 and TakeProfit3 indication and plotting of these levels as green and red line.
  
• JETLINE now shows RED LINE for SHORT and GREEN Line for LONG.
• This scalper works in 1,3,5,15 minute charts only , If higher timeframe used chart will not display desired output.
  
• Alert() Function added to send Plain Text or JSON Format Takeprofit ,SL to the Webhooks.