This is a simple script to quickly see changes in % in each candle.
In blue open/close variation. In red Histogram with range between high and low.
This helps me understand very quickly what's the typical change in % for a specific timeframe/pair, so I can fine tune my Stop Losses and Take Profits.
Updated version to make it easier for margin trading with slight changes to the ema settings to rule out any reverse trend bugs. Enter your syntax in alertconditions to suit your needs, if using it for margin trading make sure to match your leverage!
If you have any questions, feel free to pop into Discord and ask! We have roughly 500 members...
Do you like to scalp the market and want a simple yet highly effective strategy? Then try this strategy! It works well on the 3minute and 5 minute charts! Give it a try and let me know. The settings I have work quite well, you can even try the 2 and 5 minute setting but it might have some more signals, so the default setting is the best.
Using EMA5 (Exponential Moving Average) as the main trend of price, the intersection with EMA10 will signal the point of entry (go long, go short) reasonable. At this point, I pushed the EMA10 at high price to sell sooner and at low price to buy early. More specific:
- When the red line crosses the blue line, the signal is the Buy.
- When the red line cut the...