This is a port of Camelback scalping strategy (google it for more info). It looks profitable in tradingview. I'm testing it also with MT4 and next step will be jforex testing. If you are interested in ex4 file for metatrader let me know through comment section. Thanks for your feedbaks.
PS: note that this strategy works well at higher time frames too.
Release Notes
Update: Now the script plot an arrow every time the long condition or the short condition are met. This allow the user to: 1- open at market at the same time of the strategy tester 2- open a position even if another order is in progress or if the user missed a previous signal.
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.