"A derivated indicator of the stair step moving average exploration. This time, the stairstep MA (the main trend) represent the center of the oscillator.
The signal line (maroon line) is the difference between this center and a simple moving average of 7 periods by default.
Trade signals seems pretty effective on tick charts representation. Take long when signal line cross above zero and short below it. Of course, as always objectives and stoploss protection are your responsabilities
You can play with different parameters to sweet any other instruments."
Coded referring the"Scalping Line Indicator" from prorealcode for Tradingview users after one of my followers asked me to do so.
@vs6681, edit the ">" and "<" in "ssMA". Put the opposites there ( change ">" to "<" and vice-versa) and try it on 1 min time frame in Nifty/BankNifty.
@UnknownUnicorn6893821, Hi I will say that you have to make a change in line 13, "ScalpLine = ssMA-signalline"
junaidsarwar
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@shyamnarayan, Please tell that on what forex pair & TF it yields optimum results
shyamnarayan
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@junaidsarwar, I'm not sure about its efficiency in forex as I trade with supply and demand in Forex.
However, you can try the following modification with your trading pattern in any forex pair in 15 minutes and 1 hour timeframe. Kindly understand that I don't endorse any indicator/trading style or pattern which I'm personally not sure about.