Scalping is a trading strategy geared toward attaining many profits on minor price changes. Scalping utilizes larger position sizes for smaller price gains in the smallest period of holding time. It is performed intraday. The main goal is to buy or sell a number of shares at the bid — or ask — price and then quickly sell them a few cents higher or lower for a profit. The holding times can vary from seconds to minutes, and in some cases up to several hours. Takashi Scalp (RSI) generates signals when resistance/support lines are being touched on high/low levels of Overbought/Oversold RSI.
After adding this signal on TradingView, you will get notified every time RSI reach oversold and overbought levels, alerting you of potential entry points for long and short term trades.
This algorithm takes in consideration Volume Levels, Support & Resistance, Relative Strength Index, and Volatility Movements.
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