This TradingView indicator provides scalping money management tools by displaying a customizable panel on the chart. It shows risk management details such as deposit size, maximum risk per trade as a percentage, and commission adjustments. The indicator plots
Indicator · Pine Script v5 · On the chart
Scalping Level PRO
Scalping Level PRO identifies key local and global horizontal support and resistance levels across cryptocurrency price charts.
GitHub stars14on the repository
Pine versionv5runs as is
Lines of code478
Settings21inputs
LicenceNone stated
Last update3 years ago31 Aug 2023
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
Scalping Level PRO draws level lines based on customizable time periods, calculates Normalized Average True Range (NATR) for volatility assessment, and measures correlation against a target ticker like BTCUSDT. Designed for scalping and level detection, it features visual legends and color-coded status outputs intended for external screener automation. User inputs adjust level display durations, proximity threshold coefficients, volume limits, and volatility sensitivity. The indicator overlay plots directly on the main price chart.
- Horizontal local and global price level detection
- Benchmark correlation analysis with customizable ticker
- Normalized Average True Range volatility calculation
- Color-coded visual status cues and legends
Details
Published by
stupenkov on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M1-M5, M15-H1
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.
Topics
cryptocurrencycrytocsharppinescripttradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Width | int | 1 | h1Width |
| Color line H1 | color | #3179f5 | h1Color |
| Local level period, min | int | 60 | localLevelPeriodSeconds |
| Width | int | 1 | d1Width |
| Color line D1 | color | color.lime | d1Color |
| Global level period, min | int | 240 | globalLevelPeriodSeconds |
| Time to remove line, min | int | 60 | timeToRemoveLine |
| Near level coefficient | float | 0.1 | nearLevelCoef |
| Max level distance coefficient | float | 5 | maxLevelDistanceCoef |
| Day volume limit, million | int | 100 | dayVolumeLimit |
| Brake level color | color | color.gray | brakeLevelColor |
| Distance first level coefficient | float | 0.7 | firstDistanceLevelCoef |
Show all 21 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Distance first level coefficient | float | 3.0 | secondDistanceLevelCoef |
| Correlation symbol | symbol | BINANCE:BTCUSDT.P | corrTicker |
| Correlation period | int | 20 | corrPeriod |
| NATR length | int | 14 | natrLength |
| NATR threshold | float | 1 | thresholdNatr |
| Show additional info | bool | false | showAdditionalInfo |
| Show legends | bool | true | showLegends |
| Show debug info | bool | false | showDebugInfo |
| Show color code | bool | false | showColorCode |
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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