OPEN-SOURCE SCRIPT
Andean Scalping
Updated
Andean Scalping Implementation - BETA
- Uses Andean Oscillator: alpaca.markets/learn/andean-oscillator-a-new-technical-indicator-based-on-an-online-algorithm-for-trend-analysis/
- Implements a threshold moving average (SMA 1000) on the Andean Signal line at 1.1 factor to filter out small moves
- TP/SL using ATR bands at 3x multiplier
- Uses Andean Oscillator: alpaca.markets/learn/andean-oscillator-a-new-technical-indicator-based-on-an-online-algorithm-for-trend-analysis/
- Implements a threshold moving average (SMA 1000) on the Andean Signal line at 1.1 factor to filter out small moves
- TP/SL using ATR bands at 3x multiplier
Release Notes
Added input variables for:- Andean Signal Threshold Length (default 1000)
- Andean Signal Threshold Multiplier (default 1.1)
Release Notes
Optimized parameters for BTCPERP 15m on FTX. Paramaters are probably overfit for BTC, so use with caution:- ADX threshold to 39.4
- Use trailing take profit set to 0.01 x ATR
Release Notes
Credit to jason5480 for his strategy template, it's gold: 
Credit to alexgrover for his Andean Oscillator implementation: tradingview.com/v/x9qYvBYN/
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.
Disclaimer
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