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Scalping all timeframe EMA & RSIEMA 50 and EMA 100 combined with RSI 14 Should also be accompanied by the RSI 14 chart. With the following conditions: IF the EMAs are close but not crossing: * Be prepared to take a Sell position if the first Bearish Candlestick crosses the lowest EMA, and the RSI value is equal to or below 40. * Be prepared to take a Buy position if the first Bullish Candlestick crosses the highest EMA, and the RSI value is equal to or above 60. IF the EMAs are overlapping and crossing: * Be prepared to take a Sell position if the first Bearish Candlestick crosses both EMAs, and the RSI value crosses below 50. *Be prepared to take a Buy position if the first Bullish Candlestick crosses both EMAs, and the RSI value crosses above 50.
Penunjuk Pine Script®
oleh ptklampung
Scalping System by Machine# Custom Trading System Indicator This Pine Script indicator is designed to identify potential trading setups based on a specific set of rules. It's intended for use on lower timeframes (M1-M5) in the forex market, particularly during the New York-London overlap period. ## Key Features 1. **EMA Condition**: Uses a 20-period Exponential Moving Average (EMA) to determine trend direction. 2. **Candle Analysis**: Identifies strong bars and candle color changes. 3. **Volume Confirmation**: Checks for increasing volume. 4. **Volatility Filter**: Utilizes the Average True Range (ATR) to gauge market volatility. 5. **Time-based Filter**: Highlights the New York-London overlap period. 6. **Visual Aids**: Plots potential entry points, stop losses, and take profit levels. ## Trading Rules 1. **Buy Signal**: - Price is above the 20 EMA - Candle color changes from red to green - Current candle is a strong bar (closing within 75% of its range) - Volume is higher than the previous bar - ATR(14) is above 4 pips OR it's during the NY-London overlap 2. **Sell Signal**: - Price is below the 20 EMA - Candle color changes from green to red - Current candle is a strong bar (closing within 75% of its range) - Volume is higher than the previous bar - ATR(14) is above 4 pips OR it's during the NY-London overlap 3. **Stop Loss**: Placed near the low of the setup candle for buys, or near the high for sells. 4. **Take Profit**: Aimed at 1R (one times the range of the setup candle). ## Visual Elements - **20 EMA**: Plotted as a blue line on the chart. - **Buy Signals**: Green triangles below the candles. - **Sell Signals**: Red triangles above the candles. - **Stop Loss Levels**: Small red dots at the calculated stop loss prices. - **Take Profit Levels**: Small green dots at the calculated take profit prices. - **Information Table**: Displays current values for ATR, strong bar condition and volume condition. ## Usage Notes 1. This indicator is designed for manual trading, not automated execution. 2. It works best when combined with analysis of major trend lines, support, and resistance levels. 3. Exercise caution with very large setup candles. 4. Consider additional filters or money management rules for enhanced performance. 5. For higher timeframe bias validation, consider incorporating a 100-period break of structure (BOS) analysis. ## Customization The indicator includes several input parameters that can be adjusted: - EMA Length - ATR Length and Threshold - Volume Multiplier - Strong Bar Percentage Users can also toggle the visibility of stop loss and take profit markers. Remember, while this indicator can identify potential setups, it should be used in conjunction with other forms of analysis and risk management strategies. Always consider the overall market context and your personal risk tolerance when making trading decisions.
Penunjuk Pine Script®
oleh atakhadivi
Scalping CPRFetch Previous Day's Data: Uses request.security to get the previous day's high, low, and close prices. lookahead=barmerge.lookahead_on ensures the data fetched is fixed for the current session. Calculate CPR Levels: Pivot: Average of the previous day's high, low, and close. Bottom Central Pivot (BC): Average of the previous day's high and low. Top Central Pivot (TC): Derived from the pivot and BC. R1 and S1: First resistance and support levels calculated from the pivot and previous day's prices. Plotting: Plots the CPR levels (pivot, BC, TC, R1, S1) on the chart with different colors.
Penunjuk Pine Script®
oleh deep2503kd
Scalping level 1.3.0The indicator shows the horizontal levels behind which the liquidity accumulates. The indicator is based on the price extremums according to the specified settings. Each extremum is marked with a faint blue line and the price. If two or more extrema are located at the same price or close enough to each other, they are highlighted in bright blue, and it indicates a strong resistance or support level. When prices approach strong resistance levels, we can consider the situation on a long breakout or a bounce from the level in the short. As price approaches strong support levels, we could consider a breakout in the short or a bounce from the level in the long. Each level has a time (indicated at each price extremum), when it was formed in hours, the more hours ago the level was formed, the stronger it is and the more likely is the price reaction at this level. The marks next to the price show the distance in percent to the nearest strong levels, it gives a reference point for how soon the price will approach these levels. Additional indicators, located at the top right of the chart help to make decisions in trading. Daily dollar volume - shows how interesting the instrument to the market participants, if the traded volume for 24 hours is low, then it is not worth to pay attention to this tool. Bitcoin correlation - (used for the cryptocurrency market), if the coin price follows the bitcoin (the indicator value is close to 1), then you should exclude this coin, because the price is controlled by robot correlators, not market participants. Natr - the average volatility of a 5-minute candle in %. The low value of volatility can indicate that the instrument is not active at the moment. Also it is possible to use this value as a stoploss in scalper deals. Price change - price change for the current session in %, if the value is more than 10% (for cryptocurrencies), then the breakdown of resistance levels have a higher probability than a bounce, if the value is less than -10%, then the probability of breaking support levels have a higher than a bounce. Percentage of average daily ATR - shows how much the price passed in % for the current session from the average daily ATR. If price passed about 100%, it is possible to consider the price reversal from resistance or support levels. Important! When trading on levels it is necessary to consider the situation in the Depth of Market. Pay attention to large densities located near support and resistance levels. === Basic settings: === LOCAL LEVEL, MIDDLE LEVEL, GLOBAL LEVEL . Three ranges of levels (local, middle, global). For each range, you can configure the period and lifetime of the level. For example, global levels are the strongest, they have the longest period and the longest time of existence (note: 0 for Lifetime means infinite time of existence), while local levels have the shortest period and the shortest time of existence. Period - the period in which the level is built. Lifetime - time after which the level is removed from the chart. Color and width - color and width of the line. BREAK LEVELS . Levels broken by the price. These levels are displayed for convenient tracking of previous breakouts. Parameters are set similarly to other levels. IMPORTANT LEVELS . Important levels show behind which price range the greatest accumulation of liquidity. Important levels can be adjusted by setting the minimum number of adjacent levels, for example 2 or more, as well as the maximum distance between adjacent levels. Thus, important levels show the accumulation of price extremums, behind which there are Stop Losses of the participants. Near level coefficient - the distance coefficient between adjacent levels, the higher the coefficient is, the greater is the acceptable price range between the levels. The coefficient is multiplied by the average ATR, as a result we get the price range. For example, if we specify 0, then strong levels will be detected only if 2 or more extrema have the same price. Minimum near levels - the minimum number of adjacent (close to each other) levels. For example, if 2 is specified, then if 2 or more levels are situated near each other at a distance not exceeding the distance, specified in the Near level coefficient, then those levels will be displayed in bright blue color. Week level transparent - transparency of "weak" levels located at the price extremums. COMMON. Max distance to level - the maximum distance of levels is set by a coefficient, it is necessary to display only the closest levels to hide the levels that are formed very far from the current price. It is calculated on the basis of ATR. Show level time - shows level existence time. PRICE. Visual settings of price levels on the chart Size - print size of price on the chart Color - color of price on the chart Round price color - color of the round price number. The round number is the price with the last two digits 0. Example 28124.00 or 0.2500 INDICATORS. Auxiliary numeric indicators (located in the upper right corner of the chart): Daily dollar volume , the traded volume for the last 24 hours in dollars. You can specify a volume threshold in millions of dollars, above which the value will be highlighted in green. The default value is 100 million dollars. A high value of traded volume indicates a large number of participants and increases the probability of volatility of the instrument. Bitcoin correlation , an indicator of price correlation with bitcoin, the lower the indicator, the instrument is more independent, the closer to 1, the stronger the instrument repeats bitcoin price movements. It has a threshold value of 0.5 by default. If the indicator reading is below the threshold, it is highlighted in color. Natr , shows the average range at which the price passes in 5 min. The higher the indicator, the higher the volatility of the instrument. Price change , price change in % for the current session. Percentage of average daily ATR , shows how much the price passed in % for the current session from the average daily ATR.
Penunjuk Pine Script®
oleh stupean
3
Scalping Trading System ALERT Crypto and StocksThis is the alert version of the strategy with the same name. Indicators SImple Moving Average Exponential Moving Average Keltner Channels MACD Histogram Stochastics Rules for entry long= Close of the candle bigger than both moving averages and close of the candle is between the top and bot levels from Keltner . At the same time the macd histogram is negative and stochastic is below 50. short= Close of the candle smaller than both moving averages and close of the candle is between the top and bot levels from Keltner . At the same time the macd histogram is positive and stochastic is above 50. Rules for exit We exit when we meet an opposite reverse order. This strategy has no risk management inside, so use it with caution !
Penunjuk Pine Script®
oleh exlux
3
Scalping EMA ADX RSI with Buy/Sell AlertsThis is a study indicator that shows the entries in the strategy seen in one of the youtube channel so it does not belong to me. I can't tell who it is because it's against the House Rules to advertise but you can find out if you look for it on youtube. Default values of oscilators and ema adjusted as suggested. He says he got the best results in 5 min timeframe but i tried to make things as modifiable as possible so you can mess around with the settings and create your own strategy for different timeframes if you'd like. Suggested to use with normal candlestick charts. The blue line below indicates the ADX is above the selected threshold set in the settings named "Trend Ready Limit". You can set alerts for Buy, Sell or Buy/Sell signal together. The entry strategy itself is pretty straight forward. The rules for entry are as follows, the script will check all of this on auto and will give you buy or sell signal : Recommended time frame: 5 min For Long Entry: - Check if price above the set EMA (Can disable this rule if you'd like in the settings) - RSI is in Oversold - ADX is above set "Trend Ready" threshold (Meaning there is a trend going on) - Price must approve the trend of previous candles. This is bullish for buy entries and bearish for sell entries. - Enter with stop loss below last swing low with 1:1 or 1.5:1 take profit ratio. For Short Entry: - Check if price below the set EMA (Can disable this rule if you'd like in the settings) - RSI is in Overbought - ADX is above set "Trend Ready" threshold (Meaning there is a trend going on) - Price must approve the trend of previous candles. This is bullish for buy entries and bearish for sell entries. - Enter with stop loss above last swing high with 1:1 or 1.5:1 take profit ratio. This is my first indicator. Let me know if you want any updates. I am not sure if i can add everything but i'll try nonetheless. Changed: Signals will check up to 2 candles before if the RSI is below or above the set value to show signal. This is because sometimes the entry signal is right but the response might be a bit late.
Penunjuk Pine Script®
oleh serkany88
7