OPEN-SOURCE SCRIPT
BTC Scalp 003
echnical Indicators:
EMAs: 50-period and 200-period Exponential Moving Averages to identify trend direction.
Bollinger Bands: 20-period SMA with standard deviation to gauge volatility.
RSI: 14-period Relative Strength Index to detect overbought or oversold conditions.
MACD: Moving Average Convergence Divergence for momentum assessment.
Volume: Current volume and its 20-period moving average to confirm trade signals.
EMAs: 50-period and 200-period Exponential Moving Averages to identify trend direction.
Bollinger Bands: 20-period SMA with standard deviation to gauge volatility.
RSI: 14-period Relative Strength Index to detect overbought or oversold conditions.
MACD: Moving Average Convergence Divergence for momentum assessment.
Volume: Current volume and its 20-period moving average to confirm trade signals.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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