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Miha Kralj
58f0812584
- Implemented Vortex Indicator in Vortex.cs, including calculation logic and event handling. - Added detailed documentation for Vortex Indicator in Vortex.md, covering historical context, algorithm, outputs, and trading interpretation. - Updated oscillators index to include TTM Wave indicator. - Added TTM Wave documentation with algorithm and trading interpretation. - Updated reversals index to include TTM Scalper Alert indicator. - Added TTM Scalper Alert documentation with algorithm and trading strategy. - Updated NDepend badges to reflect increased code metrics (classes, methods, lines of code, public types, comments, and complexity).
2.2 KiB
2.2 KiB
TTM_SCALPER: TTM Scalper Alert
Pending Implementation - Placeholder for John Carter's TTM Scalper Alert indicator
Historical Context
John Carter designed TTM Scalper Alert for quick identification of potential reversal points using a simple three-bar pattern recognition. The indicator marks pivot highs and lows that can serve as entry triggers for scalping strategies, particularly when combined with other TTM suite indicators.
Algorithm
Pivot High Detection
pivotHigh = high[1] > high[2] AND high[1] > high[0]
// Three consecutive bars where middle bar has highest high
Pivot Low Detection
pivotLow = low[1] < low[2] AND low[1] < low[0]
// Three consecutive bars where middle bar has lowest low
Alternative: Close-Based Version
pivotHigh = close[1] > close[2] AND close[1] > close[0]
pivotLow = close[1] < close[2] AND close[1] < close[0]
Default Parameters
| Parameter | Value | Description |
|---|---|---|
| UseCloses | false | Use close prices instead of high/low |
| ShowPaintBars | true | Color bars at pivot points |
Outputs
| Output | Type | Description |
|---|---|---|
| PivotHigh | bool | True on confirmed pivot high (painted on bar-1) |
| PivotLow | bool | True on confirmed pivot low (painted on bar-1) |
| PivotHighPrice | double | Price level of pivot high |
| PivotLowPrice | double | Price level of pivot low |
Visual Markers
- ▼ (Down Triangle): Pivot high - potential short entry
- ▲ (Up Triangle): Pivot low - potential long entry
- Markers appear one bar after confirmation (on the middle bar of the 3-bar pattern)
Trading Strategy
- Long Entry: Pivot low signal + TTM Squeeze firing bullish + TTM Trend bullish
- Short Entry: Pivot high signal + TTM Squeeze firing bearish + TTM Trend bearish
- Stop Placement: Beyond the pivot point high/low
Category
Reversals - Detects potential trend reversal points using simple 3-bar pivot pattern.