OPEN-SOURCE SCRIPT
THF Scalp & Trend + FVG [English]
This indicator is a comprehensive "All-In-One" trading suite designed for Scalpers and Day Traders who look for confluence between Trend Following indicators and Price Action (Fair Value Gaps).
It combines two powerful concepts into a single chart overlay:
1. Moving Average Crossovers & Trend Filtering (THF Logic).
2. Fair Value Gaps (FVG) detection for entry/exit targets.
### 🛠️ Key Features:
**1. Trend & Scalp Signals:**
- **Scalp Signals:** Based on fast EMA crossovers (default 7/21). These signals can be filtered by a long-term SMA (200) to ensure you are trading with the major trend.
- **Trend Signals:** Identifies stronger trend shifts using EMA 21 crossing SMA 50.
- **Major Crosses:** Automatically highlights Golden Cross (SMA 50 > 200) and Death Cross events.
**2. Price Action (FVG - Fair Value Gaps):**
- Integrated **LuxAlgo's Fair Value Gap** logic to identify imbalances in the market.
- Displays Bullish/Bearish zones which act as magnets for price or support/resistance levels.
- Includes a Dashboard to track mitigated vs. unmitigated zones.
**3. Momentum & Volume Confluence:**
- **Visual Volume:** Candles are colored based on volume relative to the average (Volume SMA).
- **RSI & MACD Signals:** Optional overlays to spot overbought/oversold conditions or momentum shifts directly on the chart.
### 🎯 How to Use:
- **For Scalping:** Wait for a "SCALP BUY" signal while the price is above the SMA 200 (Trend Filter). Use the FVG boxes as potential Take Profit targets.
- **For Trend Trading:** Look for the "Trend BUY" label and confirm with the Golden Cross.
- **Stop Loss:** Can be placed below the recent swing low or below the EMA 50.
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**CREDITS & ATTRIBUTION:**
This script is a mashup of custom trend logic and open-source community codes.
- **Fair Value Gap:** Full credit goes to **LuxAlgo** for the FVG detection algorithm and dashboard logic. This script utilizes their open-source calculation methods to enhance the trend strategy.
- **Trend Logic:** Based on classic Moving Average crossover strategies tailored for scalping.
*Disclaimer: This tool is for educational purposes only. Always manage your risk.*
It combines two powerful concepts into a single chart overlay:
1. Moving Average Crossovers & Trend Filtering (THF Logic).
2. Fair Value Gaps (FVG) detection for entry/exit targets.
### 🛠️ Key Features:
**1. Trend & Scalp Signals:**
- **Scalp Signals:** Based on fast EMA crossovers (default 7/21). These signals can be filtered by a long-term SMA (200) to ensure you are trading with the major trend.
- **Trend Signals:** Identifies stronger trend shifts using EMA 21 crossing SMA 50.
- **Major Crosses:** Automatically highlights Golden Cross (SMA 50 > 200) and Death Cross events.
**2. Price Action (FVG - Fair Value Gaps):**
- Integrated **LuxAlgo's Fair Value Gap** logic to identify imbalances in the market.
- Displays Bullish/Bearish zones which act as magnets for price or support/resistance levels.
- Includes a Dashboard to track mitigated vs. unmitigated zones.
**3. Momentum & Volume Confluence:**
- **Visual Volume:** Candles are colored based on volume relative to the average (Volume SMA).
- **RSI & MACD Signals:** Optional overlays to spot overbought/oversold conditions or momentum shifts directly on the chart.
### 🎯 How to Use:
- **For Scalping:** Wait for a "SCALP BUY" signal while the price is above the SMA 200 (Trend Filter). Use the FVG boxes as potential Take Profit targets.
- **For Trend Trading:** Look for the "Trend BUY" label and confirm with the Golden Cross.
- **Stop Loss:** Can be placed below the recent swing low or below the EMA 50.
----------------------------------------------------------------
**CREDITS & ATTRIBUTION:**
This script is a mashup of custom trend logic and open-source community codes.
- **Fair Value Gap:** Full credit goes to **LuxAlgo** for the FVG detection algorithm and dashboard logic. This script utilizes their open-source calculation methods to enhance the trend strategy.
- **Trend Logic:** Based on classic Moving Average crossover strategies tailored for scalping.
*Disclaimer: This tool is for educational purposes only. Always manage your risk.*
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.