Trench cross scalper

Trench cross scalper

This indicator is an attempt of scalping strategy by crossing the mean high or low weigthed price over a short “n” period. This 2 lines represent the black “trench” on screenshots attached.

When signal line (white one) crossing the buy trigger one (dotted green one) a buy signal should occur and vice-versa for a sell signal (when crossing the dotted red one). I add an option to draw the white signal line as the close price value of the high/low ones if they are respectively above or below the trench’ buy or sell lines trigger.

The yellow green and red brick lines serve as stoploss.

The indicator can be use alone with no price chart as its values are derivated from it, of course if you dont mind about candlesticks informations.

I think enter/exit trades should occur very quickly, as it were designed for scalping trading purpose. I didn’t have much time to test it for a long period, so here it is as a concept indicator, despite that, it does have sense.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. Jean-Claude REGIS • 10/24/2015 #

     Bonjour 
    Problème de paramétrage !
    //parameters :
    // n = 10n = 10 c\'est ok
    // useHL = true (boolean)
    useHL = true (boolean) la erreur ?
    Merci si possible de me communiquer le paramétrage exactCordialement

    • Nicolas • 10/24/2015 #

      Il suffit de télécharger le fichier ITF et de l’importer dans votre plateforme. Dans ce cas vous n’aurez pas de problème de paramétrage 🙂
      Une variable “boolean” est une variable vrai/faux, soit 1/0.

  2. Jean-Claude REGIS • 10/24/2015 #

    ok merci pour la rapidité de la réponse 
    cordialement 
     
    vu ça fonctionne me reste qu’a attribuer les couleurs

  3. Balian • 10/24/2015 #

    Merci pour l’indicateur
    J’ai l’impression qu’un truc cloche. Les triggers sont systémtiqement paralle et au milieu des stoploss ?

  4. Balian • 10/24/2015 #

    Tout va bien. J’avais mal lu

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