Scientific Scalper

1/ What is Scientific Scalper?

Introduction:

The Scientific Scalper is an innovative trading indicator designed for TradingView, perfect for scalpers and traders navigating various markets.
It identifies opportunities by employing a unique "double confirmation" method, ensuring trades align seamlessly with short-term market movements.

Benefits:

Trend Alignment: The indicator's background color (blue for upward and red for downward trends) provides a quick and clear understanding of the underlying market trend.
High-Probability Setups: It identifies overbought or oversold conditions, delivering trade setups with enhanced probability.
Versatility: Compatible with multiple markets and time frames, whether scalping or day trading.
Timely Alerts: The indicator promptly alerts you to valid buy or sell setups.
Stability & Accuracy: The Scientific Scalper is known for its stability even in fast-moving markets and guarantees no repainting.

2/ Indicator Setting

How can I adjust the frequency of signals?

The Scientific Scalper indicator allows you to control the minimum number of bars between signals. By adjusting this setting, you can increase or decrease the frequency of trading signals generated by the indicator.

How can I customize the visual styling of signals?

The Scientific Scalper indicator offers several options to customize the visual styling to your preferences:

Buy Color: This setting allows you to choose the color of the signal that indicates a buying opportunity.
Sell Color: Similarly, you can select the color that represents a selling opportunity.
Fill Up Color: You can set the color that will fill the chart when the market trend is upwards.
Fill Down Color: Conversely, you can customize the color that fills the chart during a downward trend.
What does the 'Max Back Bars' setting do?

The 'Max Back Bars' setting allows you to define how many bars in the past the indicator will analyze and display on your chart. By adjusting this setting, you can limit or extend the historical data that the Scientific Scalper considers, tailoring the chart to your specific analysis needs.

How can I set up alerts?

To stay updated on potential trading opportunities, you can set up alerts within the Scientific Scalper.

Step 1: From the indicator settings, customize your alerts by defining your desired parameters. The selected configurations will be used for notifications in Step 2.

Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView's “Alert” icon.

Step 3: Select Scientific Scalper from the “Condition” dropdown list:

Step 4: A pop-up will appear as follows. You click on “Notifications”.

Step 5: You choose the types of notifications you'd like to receive and click the “Create” button.