1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
ARPS FastScalping Indicator plots a zero-lag EMA built from two 100-period EMAs, and two Tillson T3 moving averages, one with a Fibonacci volume factor, coloured by slope. A label on the last bar shows a limit price five points above the close after an up candle or below it after a down candle. Settings toggle each line and set the T3 lengths and volume factors. The fixed five-point offset suits only some instruments.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Show 75-Zema Line
bool
true
Show_Zema
Show Limit Price
bool
true
Show_Price
Show T3 Fibonacci Ratio Line?
bool
true
T3FiboLine
T3 Length
int
20
length1
Volume Factor
float
0.7
a1
T3 Length fibo
int
20
length12
Volume Factor fibo
float
0.618
a12
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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