Brutal scalps configurable by the user in the Indicator settings tab on Tradingview.
The trend panel #
The trend panel offers a birds eye view of the market on the selected timeframe. We can select timeframes from 1minute to one month or use the current chart timeframe to get further confirmations about the current trend. Some of the oscilators in the tf trend panel are actually used in the buy/sell trigger conditions but we will check that in more detail in the strategies section. The trend panel can be relocated or resized as you wish.
The ATR based profits and stop loss #
ATR or Average True Range is one of the best ways to take profits and determine the stop losses of your trades. We made this option customizable because we find that the markets do not react to the same ATR values the same way every time. By default we have implemented values that we found work best in our trading texts for the last trading month. The ATR values multipliers control the distances where the take profits and stop losses are placed.
RSI settings #
One of the most common indicator used in trading, the RSI or Relative Strength Index can be configurable as needed and influences the way that the trend panel reacts.
Swing detection #
Creates bands that detect candle averages for the last x selected candles. Extremely useful for visualizing channels and forming resistances and supports.
Supply and Demand levels #
S&D levels are key concepts of the Wyckoff methodology that we use in the Brutal Scalps indicator. They are displayed on all timeframes and are established with the help of candle formations and volume candles. They also help confirm the entries of our trades and the eventual targets.
The Supply and Demand levels can be adjusted on different timeframes on the lower part of the settings panel.