This indicator plots trade entry and exit signals on the price chart by combining Bollinger Bands with optional filter conditions. It calculates standard Bollinger Bands along with RSI, Aroon, and moving average filters. Reversal signals trigger when price bre
Indicator · Pine Script v5 · On the chart
Greeffer's Scalping Indicator
Greeffer's Scalping Indicator overlays higher-timeframe exponential moving averages, Bollinger Bands, and Donchian channels on the price chart.
GitHub stars5on the repository
Pine versionv5runs as is
Lines of code133
Settings5inputs
LicenceNone stated
Last update4 years ago11 Nov 2021
Add It to Your TradingView Chart
- 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
Greeffer's Scalping Indicator flags a long when price touches the lower Donchian and lower band while the faster averages are not stacked bearishly, and it flags take-profit when price reaches the upper channel and upper band during a hold. Entry and exit amounts and channel lengths are adjustable, and the higher timeframe defaults to 120 minutes with the symbol fixed to BTCUSDT. The visible code sets these conditions but does not place orders, and the exit logic is cut off.
- Higher-timeframe EMA 8, 17 and 72
- Bollinger Bands with 2.5 deviation
- Donchian upper, lower and middle plots
- Long and take-profit condition flags
- Adjustable higher timeframe in minutes
Details
Published by
modster on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Moving averages, Volatility & bands, Scalping, Mean reversion
Markets
Crypto
Timeframes
M1-M5
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Entry amount | float | 0.02 | entryAmount |
| Exit amount | float | 0.001 | exitAmount |
| Upper donchian channel period | int | 20 | donchianupper |
| Lower donchian channel period | int | 20 | donchianlower |
| Higher time frame (minutes) | int | 120 | higherTimeFramePeriod |
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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