Tersus Bollinger Bands Scalping Indicator V1.1

Tersus Scalping Indicator

Tersus Scalping Indicator places buy and sell signals for Bitcoin in key areas using Bollinger Bands, Moving Averages, and Trend Analysis.

This indicator is very easy to use and makes for a great second opinion when trading.

The buy and sell positions are marked with B for buy and S for sell, in addition adds to position are market with red and green triangles.

The Bollinger Bands show general constriction and turn from red to green depending on market conditions. Red meaning bearish market, and green meaning bullish.

There are a number of lines all over the place and at first glance they can seem daunting. This is what they mean. The green and yellow dotted lines mark sell target stages 1 and 2, and buy target stages 1 and 2. The red dotted line is your buy and sell stop. The light blue is your buy and sell entry.

The candles also change color depending on if things are over sold or over bought using the Stochastic RSI. Purple for overbought and yellow/orange for oversold. The bars will also change to light blue during entry.

This should be limited to the 15 minute time frame for now. I have noticed some very good signals on the daily and some other time frames but this was written for 15 so don't expect it to be as accurate.

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