enhancements & new scalper indicator
1- Alerts have gotten an upgrade.
2- Memes & Perps indicator has gotten an upgrade.
3- New Scalper Indicator
Lets cover them one by one.
- everything is already live.
- just logout and relogin to tradingview.
- delete and re-add the web3quant indicator and it will work.
It should look like this.
NOTE
- Web3Quant Line, Memes & Perps and Scalper are
3 separate indicators with their own logic.
They are NOT connected to the other. - they have been clubbed together for ease of admin and so that you can have everything under one place.
- you can use the check boxes to enable/disable them.
- everything is set by default but you can run it on the timeframe that best suit your style.
- while the line indicator is optimized for 4H
the memes & perps and Scalper are not tied to a timeframe - you can use ALL the indicators in isolation or in conjunction and formulate different strategies that suits your style.
Alerts
All the alerts have a clear label so its easier to differentiate which one is for what.
Standard tradingview alerts have been used here.
So if you dont know how alerts work in general then I suggest you take some time to learn them.
Admin team wont be able to help you with tradingview tutorials.
Heres a common one -
Set the alert for Once per bar close if you only want to see alerts after confirmation.
Also if you are trading live then WAIT for the candle close.
Sometimes the price action is so big both ways the signals could appear and disappear. its not indicator or repainting issue.
those who know what they are doing can follow intra candle signals too.
Memes & Perps Upgrade
This is how its going to look.
While theres a scalper indicator - with the upgrades you can also use
Memes & Perps on ultra low timeframes like 1min, 3min on HeikinAshi Candles.
Scalper Indicator
1H is not really a scaping timeframe but gives you a big picture.
so you can look to scalp in the right direction.
also they work standalone too as you can see in the image.
both Buy & Sell signals have been really clean.
Here are the latest signals from 5min timeframe
Ill end by saying this.
Just coz you have access to a certain tool does not mean you go follow it blindly.
Scalping always sounds great but in reality is hard.
Thats why very few folks have success in it.
Also it very much depends on the traders personality.
Run all the timeframes, test it. A LOT.
see if the WIN rate and profit factor and the ease of execution you can live with.
Only then give it a go.
I will be refining the scalper as we go in the coming versions.
See you in the next one.