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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).
66 lines
2.2 KiB
Markdown
66 lines
2.2 KiB
Markdown
# TTM_SCALPER: TTM Scalper Alert
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> **Pending Implementation** - Placeholder for John Carter's TTM Scalper Alert indicator
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## Historical Context
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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.
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## Algorithm
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### Pivot High Detection
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```
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pivotHigh = high[1] > high[2] AND high[1] > high[0]
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// Three consecutive bars where middle bar has highest high
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```
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### Pivot Low Detection
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```
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pivotLow = low[1] < low[2] AND low[1] < low[0]
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// Three consecutive bars where middle bar has lowest low
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```
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### Alternative: Close-Based Version
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```
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pivotHigh = close[1] > close[2] AND close[1] > close[0]
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pivotLow = close[1] < close[2] AND close[1] < close[0]
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```
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## Default Parameters
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| Parameter | Value | Description |
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|:----------|:------|:------------|
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| UseCloses | false | Use close prices instead of high/low |
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| ShowPaintBars | true | Color bars at pivot points |
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## Outputs
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| Output | Type | Description |
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|:-------|:-----|:------------|
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| PivotHigh | bool | True on confirmed pivot high (painted on bar-1) |
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| PivotLow | bool | True on confirmed pivot low (painted on bar-1) |
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| PivotHighPrice | double | Price level of pivot high |
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| PivotLowPrice | double | Price level of pivot low |
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## Visual Markers
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- **▼ (Down Triangle):** Pivot high - potential short entry
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- **▲ (Up Triangle):** Pivot low - potential long entry
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- Markers appear one bar after confirmation (on the middle bar of the 3-bar pattern)
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## Trading Strategy
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1. **Long Entry:** Pivot low signal + TTM Squeeze firing bullish + TTM Trend bullish
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2. **Short Entry:** Pivot high signal + TTM Squeeze firing bearish + TTM Trend bearish
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3. **Stop Placement:** Beyond the pivot point high/low
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## Category
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**Reversals** - Detects potential trend reversal points using simple 3-bar pivot pattern.
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## See Also
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- [SWINGS: Swing High/Low Detection](../swings/Swings.md)
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- [FRACTALS: Williams Fractals](../fractals/Fractals.md)
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- [TTM_SQUEEZE: TTM Squeeze](../../dynamics/ttm_squeeze/TtmSqueeze.md)
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