OPEN-SOURCE SCRIPT
HotFx Buy Sell Scalper
Updated
The HotFx Scalper is a dynamic trading tool designed to help identify potential buy and sell opportunities using a combination of EMAs, Stochastic RSI, and price action. It combines a fast and slow EMA to capture trends and consolidation phases, with an additional 200 EMA to filter for the broader market trend. The indicator provides buy and sell signals with visual cues and alerts, along with customizable background alerts to keep you informed of key crossovers.
Please note: No indicator is 100% accurate, so use this tool at your own risk and always conduct your own analysis before making trades.
Please note: No indicator is 100% accurate, so use this tool at your own risk and always conduct your own analysis before making trades.
Release Notes
UpdatedOpen-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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.