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Old 07-28-2007, 12:55 PM
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Re: TTM Scalper Buys/Sell

You are all very welcome Glad I could help.

Glenbee, I will be posting the ShowMe in a separate thread shortly.

As far as how the indicator actually works, John's description of "three higher closes" is a bit misleading. I disregarded this criteria in the code. It is merely based on swing highs/lows. I'll give an example for a Scalper Sell:

1. You get a high that's at least as high or higher than the previous two bars. This bar is a potential paintbar.
2. The next bar makes a lower high; The low of this bar is the trigger.
3. From here, if we do not make a higher high and we get a close below the trigger, we paint the swing high bar. Concept is simple but was a bit tricky to program (for me, at least).

By the way, I got this description from the following video:
http://www.tradethemarkets.com/products/item7.cfm

Hope it helps!

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