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Power Spike Scalping

The indicator generates signal alerts for Buy and Sell entries on any timeframe.

The indicator gives accurate signals on any currency pairs and instruments.

It also has a setting for adjusting the frequency of the signals.

It is further strengthened and made robust by the support and resistance zones.

There are different qualities of zones as per robustness.

Confirm entry signals with the strong verified zones.

The Zone from higher timeframes can be selected on any current charts.

The settings in inputs allow setting the Zone timeframe from M1 to MN.


Inputs

ZONE SETTINGS;

  • BackLimit - default is 10 000. Check the past bars for formations.
  • First Time Frame - M15 (default is 15 min). Input the timeframe for the zone. Always use higher timeframe than the current chart. The ZONE will be displayed based on the selected timeframe.
    • M1
    • M5
    • M15
    • M30
    • H1
    • H4
    • D1
    • W1
    • MN1
    • Current

SHOW_ZONES;

(select true to display)

  • zone_show_untested - default is false.
  • zone_show_verified - default is true.
  • zone_show_turncoat - default is true.
  • zone_show_weak - default is false.
  • zone_show_possible - default is true.
  • zone_showbroken - default is false.

ZONE_ALERTS;

(select true to enable)

  • zone_show_alerts - default is true.
  • zone_alert_popups - default is true.
  • zone_alert_sounds - default is true.
  • send_email - default is false.
  • use_push - default is false.
  • zone_alert_waitseconds - default is 300. Delay set between alerts repeats.

ZONE_ALERTS_FILTER;

These are filters applied to the alerts when it finds zones formed and price entering into it.

  • filter_zone_alert - default is true. This will apply the filters to the alerts.
  • filter_MA - default is true. Selection to apply the filter.
  • TF_MA - default is 60. Change the timeframe for filtering the alerts.
  • MA_FAST_PERIOD - default is 13. Period used for the filter.
  • MA_FAST_METHOD - default is 1. Different methods can be set, like SMA, EMA, WMA.
  • MA_SLOW_PERIOD - default is 48. Period used for the filter.
  • MA_SLOW_METHOD - default is 1.

STYLE_ZONES;

  • zone_merge - default is true. The zones of the past bars get merged.
  • zone_extend - default is false. The zones will extend to the latest bars.
  • zone_solid - default is true. Fills the color.
  • zone_linewidth - default is 1. The thickness of zone areas.
  • zone_style - default is 0. Style of the outer lines of the zone areas.
  • extend the end of zones 3 bars beyond last bar - default is 3.
  • zone_limit - default is 1000. The past bars, on which the zone formation may extend up to.
  • zone_show_info - default is true. Shows text of the type of the zone.
  • zone_show_size - default is true. Thickness statistics of zone.
  • zone_label_shift - default is 3. Position of the text info labels.
  • color_label - default is clrWhite. Label color.
  • font_label - default is Courier New. Label font.
  • size_label - default is 9. Label size.

ZONES_COLOR;

  • color_support_possible - default is DarkSlateGray.
  • color_support_untested - default is SeaGreen.
  • color_support_verified - default is Green.
  • color_support_weak - default is LimeGreen.
  • color_support_turncoat - default is OliveDrab.
  • color_resist_possible - default is Indigo.
  • color_resist_untested - default is Orchid.
  • color_resist_verified - default is Crimson.
  • color_resist_weak - default is Red.
  • color_resist_turncoat - default is DarkOrange.
  • color_broken_weak - default is DarkGray.
  • color_broken_verified - default is Gray.
  • color_broken_other - default is DimGray.

ZONE_FRACTALS;

  • zone_fuzzfactor - default is 0.75.
  • fractals_show - default is false. True displays fractals of price action.
  • fractal_fast_factor - default is 3.0.
  • fractal_slow_factor - default is 6.0.

ZONES_GLOBAL_VAR;

  • SetGlobals - default is false. Select true to enable it.

ZONES_TESTING_MODE = "==========ZONES TESTING==========";

  • TRUE == scrolling the chart back Displays PAST zones= false.
  • Show button to switch Testing mode On/Off = false - true displays toggle button on chart.
  • Position of this button = 10.
  • TestingBtnY = 120.

SETTINGS OF ARROW SIGNALS;

  • ArrowIndicator - arrow configuration.
  • nPips - default is 0.004. It is Setting of arrow signals. A lower value will increase the frequency and vice versa.


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