Greeffer's Scalping Indicator overlays higher-timeframe exponential moving averages, Bollinger Bands, and Donchian channels on the price chart. It flags a long when price touches the lower Donchian and lower band while the faster averages are not stacked beari
Indicator · Pine Script v4 · On the chart
JMA-HMA-based Scalper
This price-chart indicator builds a fast-minus-slow Jurik moving average of the selected price and wraps that series in upper and lower bands set by a standard-deviation multiplier and the fast lookback.
GitHub stars114on the repository
Pine versionv4older, still runs
Lines of code85
Settings7inputs
LicenceNone stated
Last update1 year ago7 Nov 2024
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
JMA-HMA-based Scalper reads band direction, whether both bands rise or fall together, and whether they squeeze or widen, then forms long and short conditions filtered by a minimum difference. Candle body and shadow ratios are calculated. A use-average switch and a repaint switch change the source and whether the current bar is included.
- Fast and slow Jurik moving averages
- Standard-deviation bands around the MA difference
- Difference filter for long and short conditions
- Squeeze and widen band checks
- Optional repaint and average switches
Details
Published by
capissimo on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Moving averages, Volatility & bands, Scalping
Markets
Any symbol
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 |
|---|---|---|---|
| Price Data | source | hlc3 | price |
| Hullma Fast Lookback (5) | int | 2 | fast |
| Hullma Slow Lookback (56) | int | 70 | slow |
| Std Multiplier | input | 7. | stdvar |
| Difference (min=0.) | input | 0. | difforig |
| Use Average? | bool | false | use_avg |
| Repaint? | bool | false | repnt |
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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