Scalping Singals [VM]

Scalping Signals [VM]

Overview

The Scalping Signals [VM] is a Pine Script indicator designed for TradingView to provide precise buy and sell signals for scalping strategies. Created by Vlad_Mind (Telegram: @Dreamer528), this indicator combines multiple technical indicators (RSI, Stochastic, SMI, Bollinger Bands, and a Higher Timeframe Supertrend) with an EMA filter to identify high-probability entry points for short-term trades. It is optimized for fast-paced trading environments and includes a trend filter and trade cooldown to enhance signal reliability.
The indicator is tailored for the 5-minute timeframe, which is the recommended setting for optimal performance. Other settings are best left at their default values to maintain the indicator's intended behavior.

Features

Scalping-Focused Signals: Generates clear "Buy" and "Sell" labels for quick entry decisions on the 5-minute chart.
Multi-Indicator Confirmation:
RSI: Detects overbought (>70) and oversold (<30) conditions.
Stochastic Momentum Index (SMI): Confirms momentum with thresholds at +40 (overbought) and -40 (oversold).
Stochastic Oscillator: Identifies extreme price levels (<20 for buys, >80 for sells).
Bollinger Bands: Ensures price is outside the bands (below lower band for buys, above upper band for sells).


Higher Timeframe (HTF) Trend Filter: Uses a Supertrend indicator on a user-defined HTF (default: 60 minutes) to align trades with the broader trend.
EMA Filter: Optional filter (default: enabled) to ensure trades align with the trend relative to a 1000-period EMA.
Trade Cooldown: Prevents overtrading by enforcing a minimum time gap (default: 360 minutes) between signals.
Visual Elements:
Plots the HTF Supertrend and EMA for trend context.
Displays "Buy" (green) and "Sell" (red) labels directly on the chart.



How It Works
The indicator generates signals based on the following logic:

Buy Signal:
RSI < 30, SMI < -40, Stochastic < 20, and price below the lower Bollinger Band.
HTF Supertrend indicates an uptrend (if trend filter is enabled).
Price is above the EMA (if EMA filter is enabled).
Cooldown period since the last buy signal has expired.


Sell Signal:
RSI > 70, SMI > 40, Stochastic > 80, and price above the upper Bollinger Band.
HTF Supertrend indicates a downtrend (if trend filter is enabled).
Price is below the EMA (if EMA filter is enabled).
Cooldown period since the last sell signal has expired.



Signals are marked with labels ("Buy" or "Sell") at the respective candle's low or high, making them easy to spot.
Settings

Recommended Timeframe: 5 minutes (optimal for scalping).
Other Settings: Keep at default values for best results:
HTF Timeframe: 60 minutes.
HTF ATR Factor: 5.
HTF ATR Length: 10.
Trade Cooldown: 360 minutes.
Enable EMA Filter: True.
EMA Period: 1000.



Usage

Apply the Scalping Signals [VM] to a 5-minute chart on TradingView.
Leave all settings at their default values for optimal performance.
Look for "Buy" (green) and "Sell" (red) labels to identify entry points.
Use the plotted EMA and HTF Supertrend to confirm the broader trend context.
Combine with proper risk management and other technical analysis tools to validate trades.

Notes

The indicator is designed specifically for the 5-minute timeframe to capture short-term price movements.
The trade cooldown (default: 360 minutes) ensures signals are spaced out, reducing the risk of overtrading.
The HTF Supertrend and EMA filters enhance signal reliability by aligning trades with the broader market trend.
Contact Vlad_Mind (Telegram: @Dreamer528) for support or feedback.

Disclaimer
This indicator is provided for educational and informational purposes only. It does not constitute financial advice. Always conduct your own research and consult with a professional before making trading decisions.
Happy scalping!