Indicator of short and long strategy for scalping when price changes

The Short and Long indicator uses a momentum oscillator to calculate percentage change in price between time periods.Calculation of rate of change takes the current price and compares it to the price over “n” periods, the time period being user defined. Then calculated rate of change value is compared with the upper threshold and lower threshold to determine whether the position should be opened. If the threshold is exceeded and the filtering conditions are met, then the position according to the strategy will be triggered. Entry prices, take profit and stop loss, as well as position directions are calculated and displayed on the chart. Once the entry price is crossed, a long or short position is created, and as soon as the take profit price is crossed, the stop loss price begins to follow the price action using the close of the previous bar. As soon as the price of the trailing stop is crossed, the position is closed. If the entry price does not cross and the price crosses the stop level, the trade setup is canceled. The indicator is supplemented with the DCA algorithm, which allows you to average the entry price using safety orders. The script also allows you to use the Martingale coefficient to increase the averaging power

Advantages of this script:

• The indicator has custom alert settings for each strategy action
• The indicator can be used with 3Commas, Cryptohopper, Alertatron or Zignaly bots
• High frequency and low trading duration
• Can be used with short-term time frames from 5 to 60 minutes
• The indicator is resistant to market downturns thanks to the introduction of DCA
• Can be used for short and long positions (can be set to long only, short only, or both)
• Can be applied to any market and quote currency
• Easily customize user interface settings
• Built-in detailed statistics menu

How to use?
1. Apply the indicator to the trading pair you are interested in using a time frame from 5 to 60 minutes
2. Customize the indicator: change layer values, multiple order sizes and take profit/stop loss values ​​according to the current stage of the market cycle
3. Set up a custom TradingView alert using the indicator settings to trigger on the condition you are interested in
4. The indicator will send alerts on entry and exit of positions, which can be applied to your portfolio using external trading platforms
5. Update settings as market conditions change with backtesting monthly period

If you would like to access the script, you should contact us via private message or send email [email protected]