[blackcat] L3 Bias Scalper

2021年1月12日

Level: 3

Background

Bias alone is a powerful tool for trading. I use SMA3, SMA10, SMA20, SMA30 to cover short and middle term of the trend for scalping. Multiple biases can be introduced for long and short entries.

Function

Use SMAs and biases for scalping with whale move alert (banker fund flow detection)

Key Signal

buy --> entry signal for long
strongbuy --> entry signal for long
add --> buy more or re-entry signal for long
reduce --> partial exit for long
exit --> complete exit for long
sell --> short entry signal
whalemove --> banker fund move detection


Pros and Cons

This script provides entry signal together with whale detection by bias algorithms, you can use whale move to predict next move of trend in large time frame. However, trading signal should be further filtered out for more precise entry signal.


Remarks

At beginning, I want to make it simple and it looks very complex at the end...


Readme

In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.

The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.

Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.

Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.

Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.

Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.

Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.

2021年12月21日

版本注释

Add alerts for buy, sell, add, reduce actions as requested.

4月18日

版本注释

OVERVIEW
A comprehensive scalping indicator that combines multiple technical analysis components to generate precise trading signals. The L3 Bias Scalper focuses on short-term price movements while incorporating whale activity detection.

KEY FEATURES

• 📈 Multi-timeframe bias analysis
• 🐳 Advanced whale movement detection
• 🔄 Dynamic position management
• ⚡ Real-time signal generation
• 🔔 Alert notifications

TECHNICAL COMPONENTS

• Short-term bias calculation
• Mid-term angle measurement
• Long-term trend assessment
• Momentum tracking
• Acceleration monitoring

TRADE SIGNALS

• Strong Buy Signal: 🟢 Confirmed uptrend with momentum
• Add Position Signal: ➕ Additional entry opportunities
• Exit Position Signal: 🔴 Trend reversal confirmation
• Reduce Position Signal: 🔄 Partial position reduction
• Regular Buy Signal: 🟢 Entry opportunity
• Whale Movement Detection: 🐳 Large institutional activity

HOW TO USE

Add the indicator to your chart
Monitor signal labels for entry/exit points
Set up alerts for automatic notifications
Combine with other indicators for confirmation
LIMITATIONS

• Requires sufficient trading volume
• Best suited for liquid markets
• May generate false signals during volatile periods
• Not recommended for long-term investments

NOTES

• Custom functions optimize performance
• Whale detection requires high volume analysis
• Alert settings can be customized in TradingView preferences