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Scalper Buys/Sell Replica
Platform: , by traderlu traderlu is offline
Developer Last Online: Jun 2009 Show Printable Version Email this Page

Platform: Unknown Rating: (5 votes - 5.00 average)
Released: 07-27-2007 Last Update: Never Installs: 0
 
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Hi All,

I have been an avid reader of this forum for a while. I just thought I would contribute to an internet that I have taken so much from...

Here is a replica of Scalper Buys and Sells. As far as I can tell, it matches up perfectly. If you would like to use it along with the Heiken-Ashi paintbars, I recommend you set the plot thickness to at least two more than the thickness of the Heiken-Ashi (In the attached picture, the Scalper Indicator is set to 3 and the Heiken-Ashi is set to 1). Also, please note that candlesticks are not supported.

Bugs/feedback are appreciated. I hope you all enjoy. Happy Trading,

Luis

p.s. For those of you who like to use candlesticks, I also have a ShowMe version, which places a dot on the highs/lows...Let me know if there is interest.

Download Now

File Type: eld TTM_SCALPER.ELD (5.8 KB, 5923 views)

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Scalper Buys/Sell Replica-ttm_scalper-bare.jpg   Scalper Buys/Sell Replica-ttm_scalper-trend.jpg  

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Old 07-28-2007, 01:09 AM   #2

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Re: TTM Scalper Buys/Sell

Thank you very much for your contribution traderlu
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Old 07-28-2007, 02:00 AM   #3

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Re: TTM Scalper Buys/Sell

This may be a dense question: But what are the settings for this? What triggers the signals? Thanks, and good work by the way.
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Old 07-28-2007, 05:04 AM   #4
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Re: TTM Scalper Buys/Sell

For more info on how this indicator works, see this CBOT Online seminar by John Carter:

www.cbot.com/cbot/docs/71146.pdf

Here's a trading video on how Carter uses the indicator:

http://www.tradethemarkets.com/public/410.cfm?sd=61

Plus an explanation of the indicator by Carter here:

http://www.tradethemarkets.com/ttm11142006scalper.html

 
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Old 07-28-2007, 09:19 AM   #5

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Re: TTM Scalper Buys/Sell

Traderlu, thanks for the paint bar study. Could you also post the show me you mentioned?
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Old 07-28-2007, 01:09 PM   #6

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Re: TTM Scalper Buys/Sell

Thanks Cooter
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Old 07-28-2007, 01:55 PM   #7

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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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Old 07-29-2007, 12:23 AM   #8

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Re: TTM Scalper Buys/Sell

I've been searching for this indicator for literally a month now. There are some similar .eld's floating around, but they are not identical to the Scalper indicator. Yours is. Thanks so much!!!
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