ChopFlow ATR Scalp StrategyA lean, high-velocity scalp framework for NQ and other futures that blends trend clarity, volume confirmation, and adaptive exits to give you precise, actionable signals—no cluttered bands or lagging indicators.
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🔍 Overview
This strategy locks onto rapid intraday moves by:
• Filtering for directional momentum with the Choppiness Index (CI)
• Confirming conviction via On-Balance Volume (OBV) against its moving average
• Automatically sizing stops and targets with a multiple of the Average True Range (ATR)
It’s designed for scalp traders who need clean, timely entries without wading through choppy noise.
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⚙️ Key Features & Inputs
1. ATR Length & Multiplier
• Controls exit distances based on current volatility.
2. Choppiness Length & Threshold
• Measures trend strength; only fires when the market isn’t “stuck in the mud.”
3. OBV SMA Length
• Smoothes volume flow to confirm genuine buying or selling pressure.
4. Custom Session Hours
• Avoid overnight gaps or low-liquidity periods.
All inputs are exposed for rapid tuning to your preferred scalp cadence.
🚀 How It Works
1. Long Entry triggers when:
• CI < threshold (strong trend)
• OBV > its SMA (positive volume flow)
• You’re within the defined session
2. Short Entry mirrors the above (CI < threshold, OBV < SMA)
3. Exit uses ATR × multiplier for both stop-loss and take-profit
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🎯 Usage Tips
• Start with defaults (ATR 14, multiplier 1.5; CI 14, threshold 60; OBV SMA 10).
• Monitor signal frequency, then tighten/loosen CI or OBV look-back as needed.
• Pair with a fast MA crossover or price-action trigger if you want even sharper timing.
• Backtest across different sessions (early open vs. power hours) to find your edge.
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⚠️ Disclaimer
This script is provided “as-is” for educational and research purposes. Always paper-trade any new setup extensively before deploying live capital, and adjust risk parameters to your personal tolerance.
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Elevate your scalp game with ChopFlow ATR—where trend, volume, and volatility converge for clear, confident entries. Happy scalping!
Optionsstrategies
TICK Scalping strategy, SPY 1 min1 min chart scalping version of my other TICK strategy with adjusted parameters and additional entry and exit conditions better suited for 1 min SPY chart. Please refer to my original TICK strategy for explanation.
Important notes:
1. This strategy is designed for same day SPY option scalping on the 1 min chart . All profit shown in back testing report is based on Profit/Loss (P/L) estimates from trading options with approximately 6 weeks of data. By default, it is set to 10 option contracts. By default the initial capital is set to $5000. Pyramiding is set to 3.
2. This strategy works better with non-extended market data .
3. This strategy is mainly developed for SPY trading on 1 min chart, it probably will not be very profitable with other tickers or time frame without tweaking all the parameters first.
Cheers and enjoy~! Let's all make money~!!
