Little ScalperYet another script to scalp the ES......This script contains completely different algorithm than my "Bottom Feeder" scripts and seeks to take advantage of the great intraday tool known as VWAP as well as several other tools as filters. This strategy has the ability to go long or short, being almost equally profitable on trades from either side. While this script does has defined entries, exits, and profit targets, it does not have a defined stop loss. As with all my other scripts, this script DOES NOT repaint and can be used for live trading, albeit with caution since the exit criteria is relatively loose.
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1-Min Scalping Strategy with Trailing Stop (1 Contract)This is a 1 min scalp strategy specifically written for NQ futures with consistency in mind and stop losses with trailing stops. Happy trading. *** Not an investment advice***
MACD INSANE SCALP 2.0 Description:
This integrated system for TradingView represents a multifaceted analytical architecture designed for decoding market dynamics and identifying operational confluences. Its conception is oriented to offer the trader an enriched decision-making paradigm, particularly in high-frequency and scalping scenarios, through the quantification and visualization of multiple vectors of technical information.
Fundamental Analytical Modules and Advanced Features:
1. Momentum and Dynamic Trend Analysis Engine (Based on MACD):
· Optimized MACD Visualization: 📊 Displays the Moving Average Convergence Divergence (MACD), its signal line, and the oscillation histogram. The MACD line is chromatically modulated in real-time by the RSI component (close, period 14), where RSI > 50 (fixed neutral threshold rsi_neutral_level_input = 50.0 in the code) induces a bullish coloring and RSI < 50 a bearish one, providing an immediate visual heuristic of the underlying momentum.
· Adaptive MACD Thresholding: 📈 Operates by default with dynamic MACD levels (derived from a 200-period lookback on MACD extremes; use_dynamic_macd_levels = true and dynamic_level_lookback_hl = 200 set in the code). The option to use fixed thresholds (+200/-200, also set) would require code modification. Visualization of 'R'/'S' markers at these levels is available (configurable via input).
· Heuristic Logic for Role Reversal of S/R at MACD Levels: 🔄 The 'R' and 'S' markers (if enabled) incorporate logic for transmutation: if the market price exceeds the projection necessary for MACD to reach a preidentified resistance level, said level is requalified as potential support (and vice versa), reflecting a dynamic adaptation to price action.
· Algorithmic Divergence Detection: 📉 The system automatically identifies and overlays (enabled by default with show_bull_div = true and show_bear_div = true; pivot parameters 5/5 and lookback 60 fixed in code) bullish and bearish divergences between the price structure and the MACD histogram. The colors of these indications are configurable.
· MACD Event Categorization: 📊 Crossover events (MACD line vs. signal; MACD line vs. zero) are classified (e.g., "Bullish (Signal Crossover)", "Pullback (Bearish > 0)") and accessible through the "Current Timeframe" info panel in the Main Summary Table.
2. Trend Strength Quantifier and Directional Bias Module (ADX Module):
· Integral Directional Analysis: 🧭 Uses the Average Directional Index (ADX) with its DI+ and DI- components (length 14, smoothing 14; fixed in code) for a quantitative assessment of the strength and directional vector of the prevailing trend.
Interpretation of ADX Status in Interface: 💬 A persistent textual label (adxMainTextLabel) in the indicator panel communicates the inferred ADX state for the chart's current timeframe (e.g., "Strong BULLISH trend", "Movement without strength"), based on predefined thresholds (range <=20, trend >=35; fixed in code).
3. Oscillatory Dynamics and Extremes Analysis (Stochastic Module – Tooltip Information in Table):
· Identification of Critical Zones and Intraday Trend: 🎯 The "Current Timeframe" panel in the Main Summary Table details the state of %K (Overbought, Oversold, Upper/Lower Zone or Middle) and its relative disposition to level 50.
· Generation of Qualified Crossover Signals (B/S): ✅ Crossovers of %K over %D from extreme oversold zones (signal 'B') or overbought zones (signal 'S') are detected.
4. Volatility Compression/Expansion Detection (Squeeze Module):
· Band Interaction Logic (BB vs. KC): ⛓️ Identifies the sqzOff_condition when Bollinger Bands (length 20, mult. 2.0; fixed) expand externally beyond both sides of the Keltner Channels (length 20, mult. 1.5; fixed. Use of TrueRange configurable). Note that the BB deviation calculation for this specific logic uses the KC multiplier sqz_kc_mult = 1.5 to replicate a particular variant instead of the BB's own multiplier.
· Visual Indicators of "Squeeze Off": ✨ Activation of sqzOff_condition] (BB outside KC) is signaled by crosses (color configurable via input sqz_star_color, default gray) on the zero line of the oscillator, if the sqz_show_stars option is enabled.
· Squeeze Momentum Vector: 🔥 A Squeeze Momentum value is computed by linear regression, whose interpretation (e.g., "Strong and Rising Bullish") is provided in the "Current Timeframe" panel.
5. Estimation of Implied Liquidity Levels (via MACD Histogram Pivots – Tooltip Information in Table):
· Heuristic Identification: 💧 An internal algorithm analyzes structural points (pivots) of the MACD histogram to infer price levels where liquidity zones may concentrate (detection parameters and lookback fixed in code).
· Discrete Presentation in Tooltip: 💡 These levels (nearest short and long liquidation points) are exposed exclusively in the "Other Data" section of the Main Summary Table.
6. Integration of Global Market Sessions (NEW):
· Key Session Identification: 🌎 The indicator now visually highlights major market sessions (Tokyo, London, New York), using their official GMT open and close times (customizable via inputs).
· Interactive Session Table (NEW): ⏰ A dedicated on-screen table (customizable position) shows the currently active session (with its icon and name). If no session is active, it indicates the next to open. Crucially, the countdown updates at the start of each new bar, accurately showing time remaining until the current session closes or the next opens.
7. Main Summary Table – Your MTF and Current Information Hub:🚀
This indicator presents a configurable on-screen table (position, background, border, text color) that centralizes critical information, accessible via tooltips when hovering over each section:
· "Current Timeframe" Section (Detailed Tooltip): 📊 Offers a comprehensive panel for the chart's current timeframe, including: Detailed ADX status; MACD crossover states; Complete Stochastic interpretation (%K, %D values, OB/OS states, trend vs level 50, crossover B/S signals with ADX strength); RSI value (with OB/OS levels 70/30 and fixed neutral 50) and its interpretation; Squeeze Momentum interpretation; and "Squeeze Off" Cross states (indicating if BB are outside KC and visible crosses).
· "Multitimeframe Summary" Section (Detailed Tooltip): 🌐 Provides an exhaustive MTF analysis. For each hierarchical timeframe (Higher, Medium, Lower; determined automatically): MACD, RSI, ADX, Squeeze (band state and momentum), and Stochastic, all with status and icons. BB calculation for MTF Squeeze also uses sqz_kc_mult as deviation multiplier.
· "General Summary" Section (Detailed Tooltip): 🧠 Activates a complete dynamically generated market scenario, including: suggested type of operation, overall weighted MTF sentiment (conclusion with icon, based on fixed weights: Higher 3.0, Medium 2.0, Lower 1.0), comparative TM analysis, confluence, and a tactical heuristic (Probability, Action, SL/TP notes).
· "Other Data" Section (Detailed Tooltip)📈: ℹ️ Provides MACD target prices (with S/R Flip logic) and inferred liquidation levels.
· Dominance Point and Total Point: 📈 These levels represent key zones where the highest volume or institutional interest concentrates. The dominance point indicates the level where the greatest price control was exerted during a prior move, while the total point refers to the most significant accumulation within a complete structure. Identifying them allows anticipation of possible reversals, institutional defense zones, or areas where price is more likely to stall or react.
8. Additional MTF Percentage Table:
Quick Global Sentiment Visualization: 📈 A second, smaller table (position, background, etc. configurable) shows concisely the consolidated percentages of Bullish (🟢), Neutral (🟡 with bias tint), and Bearish (🔴) sentiment derived from MTF analysis with fixed weights.
Nick's 1m MACD Scalp StrategyI created a script for a successful scalping strategy I found on Reddit.
All credits go to u/United_Occasion_439 and the strategy can be found here:
www.reddit.com
This indicator does allow you to switch SL type between ATR/ Swing Low/ Fixed.
AL Brooks - Price Action Multi-Signal Suite📘 Price Action Multi-Signal Suite📘
This indicator is a complete visual toolset for traders who use price action principles inspired by Al Brooks-style analysis.
It combines multiple nuanced signals — like first/second entries, breakout failures, trend bias, higher-timeframe context, and dynamic trend channels — into one elegant, customizable interface.
It is built with clarity, flexibility, and actionable precision in mind.
🧠 Core Concepts Behind the Tool
1. Trend Bias with EMA (20 by default)
The indicator calculates a standard EMA (default: 20) to establish trend direction bias.
When price is above EMA, we consider the market to be in a bull trend, and vice versa.
The EMA line changes color dynamically — green (bull), red (bear), gray (neutral).
🟢 Example:
If price is forming higher highs and staying above EMA with strong bull bars, the bias is bullish. In this phase, you're looking for High 1 and High 2 (H1/H2) setups.
2. First and Second Entries (H1/H2 and L1/L2)
High 1 (H1): First pullback in a bull trend after a minor new high.
High 2 (H2): A second attempt to push up after a failed H1.
Low 1 (L1) and Low 2 (L2): Mirror the above logic for bear trends.
📈 Example Trade – H2 Long:
Price breaks out above EMA.
Pulls back and forms an H1, but it fails to break out.
Second push (H2) forms a higher low, then closes strong above previous bar → BUY entry.
📉 Example Trade – L2 Short:
Market is below EMA.
A rally creates L1, fails.
L2 forms and closes below the previous bar low with a bear body → SELL entry.
3. Second Entry Logic (Simplified Swing Count)
This adds context to H2/L2 by ensuring at least two swings occurred in the same direction.
Reduces false signals in choppy markets.
Painted as colored circles (aqua = long, fuchsia = short).
4. Breakout Failure Detection
Detects false breakouts using 10-bar highs/lows:
Failed High Breakout: Price breaks a 10-bar high but closes back inside → potential reversal short.
Failed Low Breakout: Price breaks a 10-bar low but closes back inside → potential long.
🚨 Example:
Price breaks above a recent high but closes below it with a strong bear bar → look for reversal or fade setups.
5. Inside / Outside Bars
Helps recognize compression (inside bars) or volatility expansions (outside bars).
Inside bars often precede breakouts.
Outside bars may signal traps or indecision.
Use these in combination with entry logic. An H2 after an inside bar can signal a strong, clean breakout.
6. Higher Timeframe (HTF) Context
Pulls EMA and trend bias from a higher timeframe (default: 1hr).
Background color indicates HTF bias (adjustable opacity).
Green = HTF uptrend.
Red = HTF downtrend.
🧭 Usage: Trade in the direction of the HTF bias when possible. An H2 with HTF bias bullish adds confluence.
7. Trend Channels (Automatic, Visual)
Dynamically draws trend channel lines based on pivot highs/lows.
These act as support/resistance, visual guides for traps or continuation.
Trendline breakouts or touches often align with H2/L2 setups.
📏 Example:
Price touches lower channel and forms a second entry long (L2) with a strong bull bar → high-quality reversal trade.
⚙️ Customization Options
Toggle each signal component (entries, bias, bars, failures, channels).
Adjust EMA length, HTF resolution, background opacity.
Keep your chart clean and focused on the signals that matter to you.
📊 Trade Example Summary
H2 with HTF Bullish
Trade Setup: Strong bull bar after a failed H1, above EMA
Expected Move: Trend continuation upward
L2 with Channel Hit
Trade Setup: Pullback hits lower trend channel, forms L2
Expected Move: Reversal or scalp down
Failed High Breakout
Trade Setup: Price breaks above a 10-bar high, but reverses and closes inside
Expected Move: Quick fade or reversal short
Inside Bar + H2
Trade Setup: Price compresses into an inside bar, followed by a breakout with H2
Expected Move: Momentum breakout trade
Outside Bar + L2
Trade Setup: Price breaks strongly in one direction (outside bar), second push fails upward, forms L2
Expected Move: Short on weakness
Please note, this is an educational idea and representation of whatever I understood of it.
Historical performances may not be replicable in present/future.
Trade at your own responsibility.
Regards! ^^
Luxmi AI Filtered Option Scalping Signals (INDEX)Introduction:
Luxmi AI Filtered Option Scalping Signals (INDEX) is an enhanced iteration of the Luxmi AI Directional Option Buying (Long Only) indicator. It's designed for use on index charts alongside the Luxmi AI Smart Sentimeter (INDEX) indicator to enhance performance. This indicator aims to provide refined signals for option scalping strategies, optimizing trading decisions within index markets.
Understanding directional bias is crucial when trading index and index options because it helps traders align their strategies with the expected movement of the underlying index.
The Luxmi AI Filtered Option Scalping Signals (INDEX) indicator aims to simplify and expedite decision-making through comprehensive technical analysis of various data points on a chart. By leveraging advanced analysis of data points, this indicator scrutinizes multiple factors simultaneously to offer traders clear and rapid insights into market dynamics.
The indicator is specifically designed for option scalping, a trading strategy that aims to profit from short-term price fluctuations. It prioritizes signals that are conducive to quick execution and capitalizes on rapid market movements typical of scalping strategies.
Major Features:
Trend Cloud:
Working Principle:
The script utilizes the Relative Strength Index (RSI) to assess market momentum, identifying bullish and bearish phases based on RSI readings. It calculates two boolean variables, bullmove and bearmove, which signal shifts in momentum direction by considering changes in the Exponential Moving Average (EMA) of the closing price. When RSI indicates bullish momentum and the closing price's EMA exhibits positive changes, bullmove is triggered, signifying the start of a bullish phase. Conversely, when RSI suggests bearish momentum and the closing price's EMA shows negative changes, bearmove is activated, marking the beginning of a bearish phase. This systematic approach helps in understanding the current trend of the price. The script visually emphasizes these phases on the chart using plot shape markers, providing traders with clear indications of trend shifts.
Benefits of Using Trend Cloud:
Comprehensive Momentum Assessment: The script offers a holistic view of market momentum by incorporating RSI readings and changes in the closing price's EMA, enabling traders to identify both bullish and bearish phases effectively.
Structured Trend Recognition: With the calculation of boolean variables, the script provides a structured approach to recognizing shifts in momentum direction, enhancing traders' ability to interpret market dynamics.
Visual Clarity: Plotshape markers visually highlight the start and end of bullish and bearish phases on the chart, facilitating easy identification of trend shifts and helping traders to stay informed.
Prompt Response: Traders can promptly react to changing market conditions as the script triggers alerts when bullish or bearish phases begin, allowing them to seize potential trading opportunities swiftly.
Informed Decision-Making: By integrating various indicators and visual cues, the script enables traders to make well-informed decisions and adapt their strategies according to prevailing market sentiment, ultimately enhancing their trading performance.
How to use this feature:
The most effective way to maximize the benefits of this feature is to use it in conjunction with other key indicators and visual cues. By combining the color-coded clouds, which indicate bullish and bearish sentiment, with other features such as IS candles, microtrend candles, volume candles, and sentimeter candles, traders can gain a comprehensive understanding of market dynamics. For instance, aligning the color of the clouds with the trend direction indicated by IS candles, microtrend candles, and sentimeter candles can provide confirmation of trend strength or potential reversals.
Furthermore, traders can leverage the trend cloud as a trailing stop-loss tool for long entries, enhancing risk management strategies. By adjusting the stop-loss level based on the color of the cloud, traders can trail their positions to capture potential profits while minimizing losses. For long entries, maintaining the position as long as the cloud remains green can help traders stay aligned with the prevailing bullish sentiment. Conversely, a shift in color from green to red serves as a signal to exit the position, indicating a potential reversal in market sentiment and minimizing potential losses. This integration of the trend cloud as a trailing stop-loss mechanism adds an additional layer of risk management to trading strategies, increasing the likelihood of successful trades while reducing exposure to adverse market movements.
Moreover, the red cloud serves as an indicator of decay in option premiums and potential theta effect, particularly relevant for options traders. When the cloud turns red, it suggests a decline in option prices and an increase in theta decay, highlighting the importance of managing options positions accordingly. Traders may consider adjusting their options strategies, such as rolling positions or closing out contracts, to mitigate the impact of theta decay and preserve capital. By incorporating this insight into options pricing dynamics, traders can make more informed decisions about their options trades.
Scalping Cloud:
The scalping cloud serves as a specialized component within the trend cloud feature, specifically designed to pinpoint potential long and short entry points within the overarching trend cloud. Here's how it works:
Trend Identification: The trend cloud feature typically highlights the prevailing trend direction based on various technical indicators, price action, or other criteria. It visually represents the momentum and direction of the market over a given period.
Refined Entry Signals: Within this broader trend context, the scalping cloud narrows its focus to identify shorter-term trading opportunities. It does this by analyzing more granular price movements and shorter timeframes, seeking out potential entry points that align with the larger trend.
Long and Short Entries: The scalping cloud distinguishes between potential long (buy) and short (sell) entry opportunities within the trend cloud. For instance, within an uptrend indicated by the trend cloud, the scalping cloud might identify brief retracements or pullbacks as potential long entry points. Conversely, in a downtrend, it may signal short entry opportunities during temporary upward corrections.
Risk Management: By identifying potential entry points within the context of the trend, the scalping cloud also aids in risk management. Traders can use these signals to place stop-loss orders and manage their positions effectively, reducing the risk of adverse price movements.
The scalping cloud operates by analyzing the crossover and crossunder events between two key indicators: the Double Exponential Moving Average (DEMA) and a Weighted Average. Here's how it works:
Double Exponential Moving Average (DEMA): DEMA is a type of moving average that seeks to reduce lag by applying a double smoothing technique to price data. It responds more quickly to price changes compared to traditional moving averages, making it suitable for identifying short-term trends and potential trading opportunities.
Weighted Average: The weighted average calculates the average price of an asset over a specified period. However, it incorporates a weighting scheme that assigns more significance to recent price data, resulting in a more responsive indicator that closely tracks current market trends.
CE and NO CE Signals:
CE signals typically represent a Long Scalping Opportunity, suggesting that conditions are favorable for entering a long position. These signals indicate a strong upward momentum in the market, which traders can exploit for short-term gains through scalping strategies.
On the other hand, when there are no CE signals present, it doesn't necessarily mean that the trend has reversed or turned bearish. Instead, it indicates that the trend is still bullish, but the market is experiencing an active pullback. During a pullback, prices may temporarily retreat from recent highs as traders take profits or reevaluate their positions. While the overall trend remains upward, the pullback introduces a degree of uncertainty, making it less favorable for entering new long positions.
In such a scenario, traders may opt to exercise caution and refrain from entering new long positions until the pullback phase has concluded. Instead, they might consider waiting for confirmation signals, such as the resumption of CE signals or other bullish indications, before reengaging in long positions.
PE and NO PE Signals:
PE signals typically indicate a Short Entry opportunity, signaling that market conditions are conducive to entering a short position.
Conversely, when there are no PE signals present, it signifies that while the trend remains bearish, the market is currently in an active phase of consolidation or pullback. During such periods, prices may temporarily rise from recent lows, reflecting a pause in the downward momentum. While the overall trend remains downward, the absence of PE signals suggests that it may not be an optimal time to enter new short positions.
In this context, traders may exercise caution and wait for clearer signals before initiating new short positions. They might monitor the market closely for signs of a resumption in bearish momentum, such as the emergence of PE signals or other bearish indications. Alternatively, traders may choose to wait on the sidelines until market conditions stabilize or provide clearer directional signals.
Working Principle Of CE and PE Signals:
The feature calculates candlestick values based on the open, high, low, and close prices of each bar. By comparing these derived candlestick values, it determines whether the current candlestick is bullish or bearish. Additionally, it signals when there is a change in the color (bullish or bearish) of the derived candlesticks compared to the previous bar, enabling traders to identify potential shifts in market sentiment.
Micro Trend Candles:
Working Principle:
This feature begins by initializing variables to determine trend channel width and track price movements. Average True Range (ATR) is then calculated to measure market volatility, influencing the channel's size. Highs and lows are identified within a specified range, and trends are assessed based on price breaches, with potential changes signaled accordingly. The price channel is continually updated to adapt to market shifts, and arrows are placed to indicate potential entry points. Colors are assigned to represent bullish and bearish trends, dynamically adjusting based on current market conditions. Finally, candles on the chart are colored to visually depict the identified micro trend, offering traders an intuitive way to interpret market sentiment and potential entry opportunities.
Benefits of using Micro Trend Candles:
Traders can use these identified micro trends to spot potential short-term trading opportunities. For example:
Trend Following: Traders may decide to enter trades aligned with the prevailing micro trend. If the candles are consistently colored in a certain direction, traders may consider entering positions in that direction.
Reversals: Conversely, if the script signals a potential reversal by changing the candle colors, traders may anticipate trend reversals and adjust their trading strategies accordingly. For instance, they might close existing positions or enter new positions in anticipation of a trend reversal.
It's important to note that these micro trends are short-term in nature and may not always align with broader market trends. Therefore, traders utilizing this script should consider their trading timeframes and adjust their strategies accordingly.
How to use this feature:
This feature assigns colors to candles to represent bullish and bearish trends, with adjustments made based on current market conditions. Green candles accompanied by a green trend cloud signal a potential long entry, while red candles suggest caution, indicating a bearish trend. This visual representation allows traders to interpret market sentiment intuitively, identifying optimal entry points and exercising caution during potential downtrends.
Scalping Candles (Inspired by Elliott Wave and Open Interest Concepts):
Working Principle:
This feature draws inspiration from the Elliot Wave method, utilizing technical analysis techniques to discern potential market trends and sentiment shifts. It begins by calculating the variance between two Exponential Moving Averages (EMAs) of closing prices, mimicking Elliot Wave's focus on wave and trend analysis. The shorter-term EMA captures immediate price momentum, while the longer-term EMA reflects broader market trends. A smoother Exponential Moving Average (EMA) line, derived from the difference between these EMAs, aids in identifying short-term trend shifts or momentum reversals.
Benefits of using Scalping Candles Inspired by Elliott Wave:
The Elliott Wave principle is a form of technical analysis that attempts to predict future price movements by identifying patterns in market charts. It suggests that markets move in repetitive waves or cycles, and traders can potentially profit by recognizing these patterns.
While this script does not explicitly analyze Elliot Wave patterns, it is inspired by the principle's emphasis on trend analysis and market sentiment. By calculating and visualizing the difference between EMAs and assigning colors to candles based on this analysis, the script aims to provide traders with insights into potential market sentiment shifts, which can align with the broader philosophy of Elliott Wave analysis.
How to use this feature:
Candlestick colors are assigned based on the relationship between the EMA line and the variance. When the variance is below or equal to the EMA line, candles are colored red, suggesting a bearish sentiment. Conversely, when the variance is above the EMA line, candles are tinted green, indicating a bullish outlook. Though not explicitly analyzing Elliot Wave patterns, the script aligns with its principles of trend analysis and market sentiment interpretation. By offering visual cues on sentiment shifts, it provides traders with insights into potential trading opportunities, echoing Elliot Wave's emphasis on pattern recognition and trend analysis.
Chart Timeframe Support and Resistance:
Working Principle:
This feature serves to identify and visualize support and resistance levels on the chart, primarily based on the chosen Chart Timeframe (CTF). It allows users to specify parameters such as the number of bars considered on the left and right sides of each pivot point, as well as line width and label color. Moreover, users have the option to enable or disable the display of these levels. By utilizing functions to calculate pivot highs and lows within the specified timeframe, the script determines the highest high and lowest low surrounding each pivot point.
Additionally, it defines functions to create lines and labels for each detected support and resistance level. Notably, this feature incorporates a trading method that emphasizes the concept of resistance turning into support after breakouts, thereby providing valuable insights for traders employing such strategies. These lines are drawn on the chart, with colors indicating whether the level is above or below the current close price, aiding traders in visualizing key levels and making informed trading decisions.
Benefits of Chart Timeframe Support and Resistance:
Identification of Price Levels: Support and resistance levels help traders identify significant price levels where buying (support) and selling (resistance) pressure may intensify. These levels are often formed based on historical price movements and are regarded as areas of interest for traders.
Decision Making: Support and resistance levels assist traders in making informed trading decisions. By observing price reactions near these levels, traders can gauge market sentiment and adjust their strategies accordingly. For example, traders may choose to enter or exit positions, set stop-loss orders, or take profit targets based on price behavior around these levels.
Risk Management: Support and resistance levels aid in risk management by providing reference points for setting stop-loss orders. Traders often place stop-loss orders below support levels for long positions and above resistance levels for short positions to limit potential losses if the market moves against them.
How to use this feature:
Planning Long Positions: When considering long positions, it's advantageous to strategize when the price is in proximity to a support level identified by the script. This suggests a potential area of buying interest where traders may expect a bounce or reversal in price. Additionally, confirm the bullish bias by ensuring that the trend cloud is green, indicating favorable market conditions for long trades.
Waiting for Breakout: If long signals are generated near resistance levels detected by the script, exercise patience and wait for a breakout above the resistance. A breakout above resistance signifies potential strength in the upward momentum and may present a more opportune moment to enter long positions. This approach aligns with trading methodologies that emphasize confirmation of bullish momentum before initiating trades.
StopLoss and Target Lines:
In addition to generating entry signals, this indicator also incorporates predefined stop-loss ray lines and configurable risk-reward (R:R) target lines to enhance risk management and profit-taking strategies. Here's how these features work:
Predefined Stop-loss Ray Lines: The indicator automatically plots stop-loss ray lines on the chart, serving as visual guidelines for setting stop-loss levels. These stop-loss lines are predetermined based on specific criteria, such as volatility levels, support and resistance zones, or predefined risk parameters. Traders can use these lines as reference points to place their stop-loss orders, aiming to limit potential losses if the market moves against their position.
Configurable Risk-Reward (R:R) Target Lines: In addition to stop-loss lines, the indicator allows traders to set configurable risk-reward (R:R) target lines on the chart. These target lines represent predefined price levels where traders intend to take profits based on their desired risk-reward ratio. By adjusting the placement of these lines, traders can customize their risk-reward ratios according to their trading preferences and risk tolerance.
Risk Management: The predefined stop-loss ray lines help traders manage risk by providing clear exit points if the trade goes against their expectations. By adhering to these predetermined stop-loss levels, traders can minimize potential losses and protect their trading capital, thereby enhancing overall risk management.
Profit-taking Strategy: On the other hand, the configurable R:R target lines assist traders in establishing profit-taking strategies. By setting target levels based on their desired risk-reward ratio, traders can aim to capture profits at predefined price levels that offer favorable risk-reward profiles. This allows traders to systematically take profits while ensuring that potential gains outweigh potential losses over the long term.
The stop-loss and target lines incorporated in this indicator are dynamic in nature, providing traders with the flexibility to utilize them as trailing stop-loss and extended take-profit targets. Here's how these dynamic features work:
Trailing Stop-loss: Traders can employ the stop-loss lines as trailing stop-loss levels, allowing them to adjust their stop-loss orders as the market moves in their favor. As the price continues to move in the desired direction, indicator can dynamically adjust the stop-loss line to lock in profits while still allowing room for potential further gains. This trailing stop-loss mechanism helps traders secure profits while allowing their winning trades to continue running as long as the market remains favorable.
Extended Take Profit Targets: Similarly, traders can utilize the target lines as extended take-profit targets, enabling them to capture additional profits beyond their initial profit targets. By adjusting the placement of these target lines based on evolving market conditions or technical signals, traders can extend their profit-taking strategy to capitalize on potential price extensions or trend continuations. This flexibility allows traders to maximize their profit potential by capturing larger price movements while managing their risk effectively.
Rangebound Bars:
When the Rangebound Bars feature is enabled, the indicator represents candles in a distinct purple color to visually denote periods of sideways or range-bound price action. This visual cue helps traders easily identify when the market is consolidating and lacking clear directional momentum. Here's how it works:
Purple Candle Color: When the Rangebound Bars feature is active, the indicator displays candlesticks in a purple color to highlight periods of sideways price movement. This color differentiation stands out against the usual colors used for bullish (e.g., green or white) and bearish (e.g., red or black) candles, making it easier for traders to recognize range-bound conditions at a glance.
Signaling Sideways Price Action: The purple coloration of candles indicates that price movements are confined within a relatively narrow range and lack a clear upward or downward trend. This may occur when the market is consolidating, experiencing indecision, or undergoing a period of accumulation or distribution.
Working Principle:
The Rangebound Bars feature of this indicator is designed to assist traders in identifying and navigating consolidating market conditions, where price movements are confined within a relatively narrow range. This feature utilizes Pivot levels and the Average True Range (ATR) concept to determine when the market is range-bound and provides signals to stay out of such price action. Here's how it works:
Pivot Levels: Pivot levels are key price levels derived from the previous period's high, low, and closing prices. They serve as potential support and resistance levels and are widely used by traders to identify significant price levels where price action may stall or reverse. The Rangebound Bars feature incorporates Pivot levels into its analysis to identify ranges where price tends to consolidate.
Average True Range (ATR): The Average True Range is a measure of market volatility that calculates the average range between the high and low prices over a specified period. It provides traders with insights into the level of price volatility and helps set appropriate stop-loss and take-profit levels. In the context of the Rangebound Bars feature, ATR is used to gauge the extent of price fluctuations within the identified range.
Helicopter!Review
This indicator automatically calculates the best trade entry based on volume and real-time volatility. After the algorithm analyzes the current characteristics of the market, an entry signal is placed on the chart. As a result, the trader can be sure that the signal is based on data analysis. One of the key elements is reverse transactions. A long or short position can be stopped either at a profit or at a small loss without compromising the potential profit.
!Risks
The market is unstable, and it is impossible to know what the future holds for it. The only way to manage risk. You can limit the loss by setting a stop loss of 1% from the entry point. Take profit is recommended to set with a ratio of 1:1, 1:2,1:3, with partial fixation of 40%, 30%, 30%!
!Trading recommendations
Trades are opened when a green arrow appears, selling when a yellow arrow appears. Be sure to wait for the candle to close and the signal to appear (the signal may flash when the candle is formed). Recommended timeframes: 1min, 3min, 15min. The indicator is designed for scalp trades and intradays!
!Technical part
The indicator is based on the EMA 20 and EMA 200 moving averages. It is also based on the open and close of past days, weeks, months.
RSI are used.
RSI is a classic oscillator built on the basis of calculating the relative rate of change in asset prices over a given period.
Additional tools: volume and volatility.
NO REPAINT!
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Denial of responsibility
The information contained in my Scripts/Indicators/Ideas/Algorithms/Systems does not constitute financial advice or an offer to buy or sell any securities of any kind. I do not accept liability for any loss or damage, including but not limited to any loss of profits that may arise directly or indirectly from the use of or reliance on such information.
4 Pack Scalping ToolThe 4 Squeeze Scalp tool is a tool that I have developed over the past few years. I was always fascinated by the fact that most people don’t know where price is heading. While Fibonacci and other linear type methods work it never gelled with me. I started by going deep into the fundamentals of momentum with an understanding that an object in motion heading in a particular direction tends to stay heading in that direction (until something derails it). Price, in my opinion, is no different.
Price can move up, down and sideways. And it moves in a wave, getting stronger over time until eventually pulling back and starting over again. In my mind, the compression of price and the relationship of that pressure to various lengths of time as well as RSI, ADX and DMI across these same time frames gives you a view on how the underlying price momentum is building up and releasing. For trading you want to be building a trade when pressure starts to build and you want to take profits when the wave starts to pull back and build for the next cycle.
Each dot represents a length of the momentum indicator and the line inside the oscillator is a weighted composite of the underlying momentum structure for each of the lengths selected. A trade follows the directional alignment of the line (red = down, yellow = neutral / chop, green = up) and the dots should be aligned from the bottom to the top (bright green = very bullish, dark green = neutral / bullish, dark red = neutral / bearish, bright red = very bearish). When the line and the dots are aligned you will have a high probability trade.
The backtest results below are based on 2 years of backtesting, using a 2 contract trade on a 100K account. While the absolute return is not meaningful the win rate and PF are great for a trade on CL on this timeframe. The tool can be used on any asset over any timeframe in a multitude of combinations.
To get access to the tool, please contact the author.
kali algo trade Hodl/swing/scalpThis algo proposes several elements:
- Trend indicator (bottom)
- Divergence label
- Supertrend label
- EMA
- Danger zone WMC overbought/overbuy
- Background color red/green for buy zone sell zone
It can be used for scalping, swing trading or finding buy zones/ sell zones for long term positions.
In the case of short term positions, remember to look for trend confirmation on higher periods. The trend indicator can help you.
The red and green background color areas are found by the following indicator:
- MFI
- RSI
- StochRSI
- ema
- W%R_21e13
This indicator offers different and automated parameters depending on the time interval displayed.
Buy zones are more optimized than the sell zones.
In my opinion, this is the most important tool in the whole algo
With this algo you can quickly switch from one currency to another and adapt the timeframe to find the best configuration.
5 min scalp macd5 min scalp macd, 5 min scalp macd, 5 min scalp macd, 5 min scalp macd, 5 min scalp macd, 5 min scalp macd, 5 min scalp macd, 5 min scalp macd
Maddrix_club I - Scalper (3commas)Maddrix club I Scalper (3commas version). The code is very different from the ALERTATRON version.
It really is not the same!
Maddrix Club I is a simple, straightforward trading algorithm that goes long or short, based on user’s choice. It is considered to be a scalper, because it aims to capture small profits that accumulates and compound over time.
The theory behind it is based on trend following and DCA .
Strategy type one uses momentum to generate signals.
Strategy type two uses price action only
Very good results have been observed on the 1 min time frame though it technically works on all timeframe (5 min for example, 1 hour also). The most important part of this algorithm is risk management and capital preservation.
You can run this with very little capital, and always make sure that in the worst case scenario, meaning when the market goes against you and all your SO (Safety Orders) are filled, you are using less than your account balance.
If you are in a trending up phase on the weekly time frame, you can go long. If this is a definite trend down, of course go short. During a bear market, stay long, during a bull market, evidently long as well.
For totally new traders, I would recommend to LONG only, and set super low risk settings (cover a 50% drop for example), and see how it runs. Then, as you become a more experienced trader, you can identify trends and short as well, and/or increase your risk.
It works on all markets as long as there is volatility .
The best way to go about changing the settings, is to start off the default values. I’d run it and see how it fits your risk preferences.
There are absolutely no guarantees about this algorithm and past results are not indicative of future performance.
Fees, slippage and API delay: for any algorithm you will use (from me or others), please keep in mind that fees add up, slippage and delay creates differences between algo theory and reality. We can put in place systems to circumvent that, but we will always have them.
*** This one is SPECIAL 3COMMAS**
TSLA Low Scalp PredictorThis is a re-post, as apparently I violated house rules with posting this the last time (yikes, sorry!).
I will re-post this, if this gets taken down again, then I give up on posting scripts :-).
Anyway, this is a tool I developed for scalping TSLA short. It is coded very simply, however, the variables that dictate the coding come from advanced, statistical calculations I have done with statistical software to permit PineScript to draw conclusions based on candlestick open and close prices.
This uses the candlestick open and close prices, compares with the statistical constants that correlate to TSLA low ranges using stock trading data since TSLA's nascence in 2010. I am not really sure how else to explain this (this was TV's issue, that they couldn't understand what the coding calculations, so I really hope that this all makes sense to the powers that be!), there is a lot of stats data behind these numbers and without explaining my whole PhD thesis, I really hope that this sufficiently articulates the basis to my indicator.
In a nutshell, it uses historic data to predict low levels of of TSLA, and this historic data is magically encoded in those statistical constants that are included in my indicator programming code. The power of numerical based data is a great deal can be said by very little :).
How to use?
The indicator will give you a red line that provides a projected low value.
To use the indicator, look for major gap ups in TSLA stock. As an example, I will provide a photo below of what to look for.
Once you have identified this gap up, then you will look to the highest point and from there, go down to the indicator line, draw a trend line from that highest point. This trendline would then become your price target (see the image below):
This is not foolproof and will not work all the time, as with any indicator! But it is fairly effective. In my opinion, it would be best applied with a support/resistance based price action strategy.
Anyway, I really hope that this sufficiently explains the indicator and its clear.
Please leave any questions you have in the comments below!
Please note, I have now protected my source code seeing that I have had to disclose a little more detail than liked about my process. There is a lot of interest on TV from others in my methods. I am not interested in taking peoples money or selling my strategy but I am also not interested in being taken advantage of or having my intellectual property stolen.
I am not interested in charging people for stuff. I truly want to just help and share in this interesting world of stock trading! But, there are people that will take advantage of people like me, so please understand the situation here. I am trying to balance what TV expects in terms of disclosure, disclose enough to help someone succeed all while trying to protect the integrity of my intellectual property. This is not an easy balancing act!
Thank you all and thank you Trading View for making a platform that is easily understood by someone with absolutely no coding experience :).
Linear Channel - Scalp Strategy 15MSimple way how to use Linear Regression for trading.
What we use:
• Linear Regression
• HMA as a trend filter
Logic:
Firstly we make simple linear regression moving. It is the white line which appears on the chart.
Then we make second line (named: band2) on the chart by multiplying linreg and value difference.
The third step is to ad HMA as a trend filter.
The trade open when price is below band2, but still upper than Hullma. The trade close when price again upper than linreg.
William %R Scalper for Gold with tortle WPRWilliam %R Scalper with Tortle WPR is small update from WPR Scalper tool. It is used with small time frame : 5 , 3 or 1 minute.
it uses tree different William %R indicators : one for fast move with 9 period WPR9 and one slow with 54 period WPR54 pLus tortle WPR 255.
You can find buy zone when WPR255< -90 WPR9 < -90 and WPR54 < -80 and sell zone when WPR 255 > -20, WPR9 > -10 AND WPR54 > -20. Tortle WPR (255) provide price trend
LTC 3-5 min scalperThis scalpler bot design for LTC and similar alts for 3-5 min chart
the scalper take profit at 1,2,3,4% exit at exit % which is our short
the buy system is modify low scaner (open script in indicator page)
plus HMA non repaint
I show in detail how to use this in my open script of low scanner strategy
there is filter that based on ema so our scalper only will buy on uptrend and less on down trend
there is leverage system if you want to use it
but you need to calculate risk reward and do your math on money magment if you use this system
So the logic here is to try to get lows and get out by the take profit and if we buy in uptrend then our chances for win will increase
you can try to change the take profit system to see if it improve this model or not
for different alts you may need to change setting
let me know if you have questions about this strategy
{INDYAN} RSI + MACDModded RSI and MACD for intraday use. If rsi above 60 and macd is above zero line then go for buy and if rsi is below 40 and macd below zero line then go for sell side. use it in small timeframe i.e. 3 minute or less.
better for scalp trading
Happy Trading
Love INDYAN
#It can be used best with INDYAN Go With Trend
BTC 5 min + ATRThis STUDY is optimized for bitcoin ( BTCPERP on deribit)
It catch fast trades going with the trend, so it should work in trends like in consolidation.
This strategy is based on S/R mixed with parabolic SAR , the point is to catch a movement when it's starting and confirmed.
It's optimized for 5 min timeframe, you might try it on other other tf but change the SL/TP too.
You should used it for few minutes scalp, fast enter and exit, on 5 min TF.
UPDATE ! This time it usenormal candle
The new idea is to filter trades by ATR, and by this way to NOT trade consolidation.
Have fun :)
Rules:
- Use small position, max leverage x5
- Place TP between 70$
- Place SL at 50$
- Entre in position by limit, you get paid for it
Enjoy, test it and make some money :)
No repaint.
[JOHN] KR SCALPERHello this is KR SCALPER indicator. (work on crypto market)
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How this indicator work?
KR SCALPER script work with bollinger bands, price volatility and ATR (average true range).
This system provide
- HIGH QUALITY BUY/SELL Signals with a reasonable ROI.
- DIPS noted on chart with "DIP" TEXT, thanks to the use of bbands parameters.
- Work in cryptocurrency market, tested with top 10 coins, with good results.
- Tested on LTF (from 5m to 1h), work even on 4h, 1d.
How use it?
Indicator is setup for cryptocurrency. You can long and short by following the indications below:
GREEN LABEL = LONG
RED LABEL = SHORT
DIP noted on chart
This system write on chart with "DIP" text whenever a decrease of price/selloff occour, usually a good place to make attention if you are looking for a trade.
This is possible with the use of Bbands that helped me on this add.
Below some timeframes examples.
5 minute chart
15 minute chart
1H timeframe chart
4H timeframe chart
Below ETH USD 4H timeframe chart for reference.
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I hope you like and enjoy.
Good trading traders!
BTC 1 min scalping studyThis study is optimized for bitcoin ( XBTUSD on bitmex) -- version study for tests
It catch fast trades going with the trend, so it should work in trends like in consolidation.
This strategy is based on S/R mixed with parabolic SAR , the point is to catch a movement when it's starting and confirmed.
It's optimized for 1 min timeframe, you might try it on other other tf but change the SL/TP too.
You should used it for few minutes scalp, fast enter and exit, on 1 min TF.
Rules:
- Use small position, max leverage x5
- Place TP between 55 and 60 $
- Place SL at 150$
- Entre in position by limit, you get paid for it
Enjoy, test it and make some money :)
Genesis Scalper V1Genesis Scalper V 2
Genesis Scalper is an Indicator that is designed to give off Entries and Exit based on Technical Information.
Each Bar is color coded to either be green or red and uses tools such as the Macd , Vol Flow, RSI and Ma's to colour each bar.
These bar changes directly effect the color of the candles on the chart in order to show you whether or not a retrace is a shift in trend or a pull back before another leg down.
This will require manual trading and confirmation is done on change of the colour or 2 out of the 3 bars changing color in a particular way.
The lowest and largest bar is the Main decider of the Direction.
If it is green then you want to be long.
If it is Red then you want to be out of a trade or short.
30 Min Scalp SystemA scalping script for the 30 min chart that is designed and tuned to be used with trading bots such as ProfitView or Autoview. I personally trade with this on Bitmex.
This trading system is built upon 4 established trading indicators that compliment each other. All signals are filtered in a number of ways to avoid chop and only trigger when a strong trend or crossover is identified.
Alerts are included for longs, shorts and exits in both directions.
Recommended setup:
- Trade with leverage and take 75%-80% out at 0.5% profit, leaving the rest to run
- Initial stop-loss of 1%, initiating a trailing stop of 0.75% when TP is hit
- Ensure bots are set to ignore open orders in the same direction
I use this in conjunction with ProfitView where I run three custom scripts to manage my position entries, monitor profit levels, dynamically move my stop and then exit positions where appropriate.
Note: Exit signals are show here even when trades aren't open because it's only possible to hide these when using a strategy script. This is coded as an indicator so that alerts can be sent to your chosen bot.
Disclaimer: The signals aren't perfect but no script is. The above cannot be considered financial advice and I take no responsibility from any losses incurred. A test account is recommended to verify the win rate before trading on a live platform.
Chidams Indicator Beta 1Normal mode is good for trend reversals
While scalp mode is oriented for intraday traders
Please note that it is safer to wait for candle closure
EMA cross scalp strategy 1m 5m nas100meant for scalping on NAS100 on the 5m and 1m time frames (testing version
