Setup 123 ScalperSetup 123 Scalper is characterized by a bottom (buy pattern formed by 3 candles where the 2nd has the lowest minimum) or a top (sell pattern formed by 3 candles where the 2nd has the highest maximum). It has a filter that only shows the signal when the asset is trending. Setup popularized by trader Alexandre Wolwacz (Stormer).
Na linguagem do autor:
O Setup 123 Scalper é caracterizado por um fundo (padrão de compra formado por 3 candles onde o 2º tem a menor mínima) ou um topo (padrão de venda formado por 3 candles onde o 2º tem a maior máxima). Possui um filtro em que só mostra o sinal quando o ativo está em tendência. Setup popularizado pelo trader Alexandre Wolwacz (Stormer).
Setups
Buy/Sell SignalsThe indicator is built using Supertrend, RSI, and Ema Crossovers.
What is the best way to use the indicator?
Indicator can be used in two ways:
First : If a signal appears on the chart, you can enter immediately the stoploss is the candle's low with a Small Buffer.
Second: you will get good results if you plot additional indicators like as volume, RSI and so on for additional confirmation to get better results
Mapping 9.1 / 9.2 / 9.3 (v2.1)Hi, This is my first pine script
It helps to map the first reference candles for the setups 9.1 9.2 and 9.1 from Larry Williams
Many thanks to Mr. Alexandre Fernandes Palex for the many public tutorials and videos about this setups.
You can find his very rich reference in his blog
Now, lets go to the mapping strategy.
1) At first, we test if the ema 9 is up or down
if it is Up the background is painted yellow and you can find the reference candles for the setups
if it is down the background is Gray and you can find the reference candles for the setups
2) Then we compare the close, highs and lows if the candle match some of the setup rules, and if match we plot a sign in the reference candle with the name of respective setup, now you can decide in the next candle if it is eligible for an entry SHORT/LONG position.
Please, few free to comment and tell me any inconsistency and possible upgrades...
Later as soon I’m get used withe pine script I will improve this script with more and more features
Best regards,
Alberto van Drunen
Alberto van Drunen
