MACD ULTRA with ALERTS - by OVARIDE WORK IN PROGRESS!
Coded by OVARIDE (littlegreenfish)
Made to be used with Dark Theme. Made to be used with Heikin Ashi bars (You can enable Real Price from chart settings). Test and use at your own risk. Not recommended for NEW/ INEXPERIENCED TRADERS using this for short-timeframe scalping. Bot integration is possible for high timeframes using the built-in alerts as a trigger via webhooks
Features
This is a reworked MACD code with added buffs for traders wanting more information from this basic indicator.
What this indicator does -
1. Plots a traditional MACD indicator with full input control from within the settings. All colors and values are editable , as you would expect from the standalone indicator.
2. Adds shape to the chart when MACD crosses over Signal line, while both MACD and Signal lines are below the ZERO line.
3. Adds shape to the chart when MACD crosses over ZERO line.
4. Highlights trend direction. Purple = Up Trend Likely , Yellow = Up Trend may end (use caution) , Red = Strong Down Trend Begins.
5. Ability to set alerts for -
a) When MACD crosses Signal Line.
b) When MACD crosses Zero line.
c) When an Up Trend is likely to begin.
d) When an Up Trend is slowing and may end.
e) When a Strong Down Trend begins.
Considerations -
1. Traders may use this indicator in conjunction with an existing strategy to confirm entries and exits. Traders may also use this indicator as a standalone indicator to assist with entries and exits.
2. Possible Long entries -
a) When MACD crosses Signal line while blow the Zero Line
b) When MACD crosses Zero
c) When Up Trend is Likely to begin and the background is highlighted in purple.
3. Possible stop-loss / exits (Omitted MACD crossing below Signal line and MACD crossing below Zero line)
a) When Up Trend Is slowing and the background is highlighted Yellow
b) When a Strong Down trend begins and the background is highlighted in Red. All open long position trades should be ended here.
4. The trend algorithm is hard-coded. Changing the MACD and Signal values from within the settings WILL NOT change the result of when and how the trend directions are highlighted.
5. Trend highlights are ONLY A GUIDE . You can still take entry positions in non-highlighted, yellow or red regions if your overall technical analysis tells you to.
UPDATE NOTES (IF ANY) WILL BE PUBLISHED BELOW
Cari dalam skrip untuk "scalping"
TrendLineScalping-BasicDear Traders,
Here is the thought which came to my mind on the trendline break scalping. sometimes during the trade we do plot trendlines and we do anticipate for the line to break and take a trade. with the same thing in mind I had created this basic script to help you and other to create based on the logic used in the script.
This is just a logic based script and doesn't do any kind of wonders. Hence you may use it as necessary.
Regards....
Eliza Ellis Improved FractalsA little side project of mine. may enhance further in the future. Used best for scalping. The longer you're in the market the more the news is waiting to eat you so I'd recommend using high volume and getting in and out quickly
Stochastic Oscillator Binary System by Hashtag_binaryRules
- Time Frame 1 min.
- Expires Time 3 min or 15 min (the best option).
- Markets: Forex (only volatile currency pair), Futures.
- Sessions: London and New York.
Call
- Heiken Ashi Dodger blue;
-Stochastic Oscillator cross upward from oversold Zone (conservative trade, aggressive trade: Stochastic Oscillator cross upward ).
-Matrix three square dodger blue.
Put
- Heiken Ashi white;
- Stochastic Oscillator cross downward from overbougth Zone (conservative trade, aggressive trade: Stochastic Oscillator cross downward ).
- Matrix three square withe.
This Binary System is also good for trade scalping. The same rule for entry with conservative trade:
Exit position options
- For Buy close position when the stochastic line touches 80 levels,
- For Sell close positions when stochastic line touches 20 levels.
- Initial Stop loss on the previous swing.
3 MA Trend IndicatorIt is a trend detector indicator, using 3 moving averages.
You can select different MA's and set the periods of them. If all 3 is increasing, the color will be green, if decreasing, the color will be red, gray otherwise.
It can be used for e.g. scalping.
HiLoMAHiLoMA (High/Low Moving Average) was designed specifically for calculating moving average boundries similar to Bollinger Bands, but is derived from the highest and lowest prices of an asset, not just the closing price. The timeframe is configurable and the study displays arrows where buys (below) and sells (above) should take place.
On exchanges with low or discounted fees, the study does excessively well at scalping. Backtesting, in general, shows this study to be very robust in any market conditions.
The alert conditions are clearly identified as BUY ASSET and SELL ASSET for automated trading.
Buys only occur when the entire spread is below the momentum line.
Sells only take place when the entire spread is above the momentum line.
When the momentum line cuts through the spread, any potentional buys/sells are ignored as these are considered weak.
Be sure your calculate your momentum on the basis of your candlestick timeframe. If you are using 3 minutes candlesticks and you want a 24 hour momentum, you need to set your momentum to 480. This holds true for all timeframes.
Sep 24
Release Notes: Seperated buys/sells where spread crosses momentum.
Cyan (lighter blue) arrows are buy/sell signals that disregard momentum.
Buys/Sells that honour momentum are now labeled MOMBUY ASSET and MOMSELL ASSET.
Buys/Sells that disregard momentum are now BUY ASSET and SELL ASSET accordingly.
Oct 4
Release Notes: Momentum is now a band with an upper and lower boundry. Buys and sells must now be completely above the band or below the band respectively. The effect is to produce stronger signals for momentum precomditional trades.
JMA-HMA-based Scalper (ps4)This is an old compilation of mine suitable for scalping. To filter out the generated signals use Difference value between on the Settings menu.
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.
RSI-Volume Oscillator Quick Scalping By Akhilesh PatelTitle: RSI-Volume Oscillator Quick Scalping Indicator
Description:
The "RSI-Volume Oscillator Quick Scalping" is a powerful and versatile custom indicator designed for traders who engage in scalping strategies. This indicator combines the Relative Strength Index (RSI) with a Volume Oscillator to provide valuable insights into momentum and volume dynamics in the market. Traders can also select their preferred moving average types (SMA, EMA, or HMA) to further customize the indicator's behavior.
Key Features:
RSI and Volume Oscillator Fusion: The indicator blends the RSI and a custom Volume Oscillator to offer a comprehensive view of both price momentum and volume trends. This integration provides valuable signals for quick scalping opportunities.
Customizable Moving Averages: Traders can choose from three popular moving average types (SMA, EMA, or HMA) for further customization. This flexibility allows users to align the indicator with their preferred trading strategies.
Clear Visualization: The Combined RSI-Volume Oscillator is plotted as a solid blue line, while the three selected moving averages are represented by orange, purple, and green lines, respectively. The zero line, overbought, and oversold levels for RSI are also indicated for easy reference.
Quick Scalping Signals: The indicator helps traders spot potential buy and sell signals efficiently, making it ideal for quick scalping strategies in rapidly moving markets.
Usage Instructions:
Customize the indicator by selecting your preferred RSI length, Volume Oscillator length, and moving average type (SMA, EMA, or HMA).
Observe the Combined RSI-Volume Oscillator and moving averages for potential entry and exit points.
Look for crossovers between the Combined RSI-Volume Oscillator and the selected moving averages for buy and sell signals.
The overbought (70) and oversold (30) levels for RSI can be used to identify potential reversal points.
Important Note:
Test the indicator on historical data and demo accounts before using it in live trading to ensure it aligns with your trading strategy.
Understand that no indicator guarantees profits, and trading involves risk. Always use proper risk management and discipline when executing trades.
Overall, the "RSI-Volume Oscillator Quick Scalping" indicator is a valuable addition to any scalper's toolkit, providing comprehensive insights into momentum and volume dynamics to enhance trading decisions. Happy scalping!
EMA+ATR Scalping Indicator by TradeTechIndicator Description: “EMA+ATR Scalping Indicator by Tradetech”
The “EMA+ATR Scalping Indicator” is a powerful tool designed to help traders identify optimal entry and exit points in the market, focusing on high-probability scalping opportunities. This indicator combines the strength of the Exponential Moving Average (EMA) with the Average True Range (ATR) to generate precise signals, aiming to maximize profits while minimizing risk.
Key Features:
• Sensitivity Key Value: Allows customization of the ATR multiplier, fine-tuning the trailing stop level for different market conditions.
• ATR Calculation: Measures market volatility over a specified period, dynamically adjusting the trailing stop to capture significant price moves while reducing noise.
• EMA for Confirmation: The 20-period EMA is used as a trend filter, ensuring that trades are aligned with the prevailing market direction.
• Trade Cooldown Period: Prevents over-trading by enforcing a minimum number of bars between consecutive trades, reducing the likelihood of whipsaws.
• Flat ATR Threshold: Identifies periods of low volatility (flat ATR), during which trading is avoided to protect against false signals.
Trading Logic:
• Entry Signals: The indicator generates long signals when the price crosses above the ATR trailing stop or breaks out consecutively in an uptrend, with the EMA confirming the bullish trend. Short signals are generated when the price crosses below the ATR trailing stop or consecutively breaks out in a downtrend, with the EMA confirming the bearish trend.
• Exit Signals: The exit points are defined by the ATR trailing stop, which adjusts dynamically with market conditions, ensuring that profits are locked in as the trend evolves.
• No Trading Zone: When the ATR is flat, indicating low volatility, the indicator displays a “No Trading Zone” to prevent taking positions in uncertain market conditions.
Why Combine EMA + ATR?
The combination of EMA and ATR in this indicator is crucial for several reasons:
1. Trend Identification (EMA): The EMA acts as a reliable trend filter, ensuring that trades are taken in the direction of the prevailing trend. By doing so, the indicator avoids taking trades against the momentum, which could result in lower probability setups.
2. Volatility-Based Trailing Stop (ATR): The ATR provides a volatility-adjusted stop-loss level, which is essential in scalping strategies where market conditions can change rapidly. This allows the trailing stop to widen during periods of high volatility and tighten during low volatility, optimizing the trade management process.
3. Enhanced Accuracy: By combining the EMA and ATR, the indicator filters out noise and avoids entering trades during flat market conditions, where the probability of false signals is higher. This synergy between trend and volatility creates a more robust and accurate scalping tool.
4. Dynamic Trade Management: The use of ATR for setting trailing stops ensures that the trade exits are dynamic and adaptable to current market conditions, maximizing the potential for capturing significant moves while minimizing drawdowns.
Overall, the EMA + ATR combination within the “EMA+ATR Scalping Indicator” provides a well-rounded approach to scalping, balancing trend-following with volatility management for more consistent trading results.
Jerry J8 30-123 Spy Dashboard ProPlease watch the J8 Scalping Tutorial Video below for a walkthrough on how these indicators work.
This script is used in conjunction with Jerry J8 30-123 SPY Scalping PRO” Indicator(which creates the buy and sell orders as a strategy). The Dashboard shows the 4 main criteria statuses from the strategy. I find the dashboard makes scalping the SPY much easier.
This study project is designed for scalping options that expire daily with bull put and bear call credit spreads on a 3 minute chart. The name 30_123 is a reference to 4 main criteria being met to give a green light for a potential trade. The criteria:
* 30 = 30 minute trend
* 1 = 3 minute trend
* 2 = Moving average criteria
* 3 = RSI criteria
4 = Secondary trend. Bonus if in sync but not a requirement.
* The strategy also utilizes momentum as a criteria but this is not shown on the dashboard.
This indicator is designed to trade options that expire daily including the SPY, IWM, QQQ, and NDX. However, it can be used with multiple symbols on a 3 minute chart.
When the 30_123 conditions are all green with all criteria are met a bull signal is created.
When the 30_123 conditions are all red with all criteria are met a bear signal is created.
This study is the dashboard that is designed to show how the main J8 strategy indicator is working and it shows which criteria have been met. Additionally there are multiple user INPUTS that you can adjust for the 4 main criteria plus inputs to help you with your credit spread criteria.
For example, if the SPY is at 400 we could have an order to sell a BULL PUT CREDIT SPREAD and I would likely sell the 398p and buy the 397p; The 398p delta would be approximately -.2. The spread position profits with any close over 398 and/or can be closed early with a bullish price move. IMPORTANT: If the SPY closed the day at $399 on the chart it would look like a loss based on the buy and sell orders but the spread would be a full profit since the close was above 398.
---- IRON CONDOR
For the SPY ticker only an iron condor label is generated when the SPY is trading sideways and meets specified criteria. When the criteria is met the Iron Condor label appears and it provides a recommendation for what option to buy and sell. The iron condor recommendations can be adjusted with user inputs.
This Indicator dashboard shows the criteria labels and colors the criteria as green if bullish and red if bearish. When the criteria are not met the dashboard shows “NO CLEAR SIGNAL”. There is also a label that shows whether you are looking for bullish or bearish positions based on the 30 minute trend.
The chart shown on the indicator is the RSI and for this indicator an RSI over 50 is bullish and under 50 is bearish. The line color shows the RSI trend. RSI OB (overbought) and OS (oversold) areas are shaded. The RSI can remain in an OB or OS state for a prolonged period and while some people use OB and OS as a reversal signal I use it as a strong trend indication and recognize it will not last forever. You can SET the OB and OS levels with inputs.
---- USER INPUTS
Paint Bars: Turns on/off the candle coloring. Default is OFF.
Iron Condor Settings: Defaults are what I use and can be used as a guide.
Criteria: Trend, moving averages, and RSI settings can all be adjusted.
---- SETUP & HINTS
Add "Jerry J8 30-123 SPY Scalping PRO” indicator to show bull and bear signals
Add "Jerry J8 MACD Optimal Entry Zone” indicator to show best MACD range for entry
I also like to add "Jerry Momentum Dream" indicator to see the momentum
With this indicator we’re looking for the 30, 1, 2, and 3 criteria to be met which increases our likelihood of success. IMPORTANT. Never automatically enter a position without reviewing the other indicators and drawing your own conclusions. You want to choose the entries that are the most appealing to you that take into account volume, time of day, and risk/reward. Positions should be closed based on your risk/reward goals.
Indicators are not a magic pill and should be used to support trading decisions, not to make them for you. Past performance is not a guarantee of future returns. The results of individual stocks/indexes with any strategy do not constitute proof they will repeat in the future.
DISCLAIMER: The information contained in our scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. Trading and investing in the stock market and cryptocurrencies involves substantial risk of loss and is not suitable for every investor. I’m NOT a financial adviser. All trading strategies are used at your own risk.
Please Use the AUTHOR’s INSTRUCTIONS link below for more information.
NOTE: The PERFORMANCE SUMMARY below does not accurately reflect the trading strategy because the entry orders generated in the strategy are based on the stock price and our actual order is a credit spread that is profitable even if the price moves against us a little bit. What could show as a loss in the strategy could be a profit in the credit spread.
Bitcoin Scalping PRO [PlungerMen] Hello!
Bitcoin Scalping PRO can use for every coin
Bitcoin Scalping PRO is available for all frames
Bitcoin Scalping PRO is a upgrade version of a Bitmex Scalping Pro
This Script is perfectly functional and works well by me and the best way to use this script is to use it with “Bitmex Long Short" script, both compliment for each other. the "Bitmex Long Short" script is Free, you can find it by searching “Bimex”
If you want to be more accurate and more efficient, more comfortable when you do not want to see too many other indicators, you can register for our Professional edition.
- The Professional Edition supports Level 1 and Level 2 commands ( display at chart : LONG+, long-, SHORT,+,short- ), which are very effective in allocating funds and optimizing your profits
Besides that,You will be supported by personal preferences, profit maximization
- Register for a Professional version will be used 2 Script, Bitcoin Scalping Pro and Bitmex Long Short Pro
- We will invite you to the signal channel Telgram with the announcement of the bottom and the peak of the BTC 0.60% -0.13% ,the big variable variable has exists
**We hope you enjoy this script. Your support will help us develop more good quality scripts in the future to serve the community **
**Remember, Like this script and posivite feedback if you are satisfied**
if you have any questions, post a comment ... below here
*********** Guide:
+ option for all frames : Click setting and input high and low for time inteval
+ hide wave trend : Click setting -> click Style --> Up trend Fill or Down trend fill
******
New features: this time we add two lines that can help traders trader safer. When the red line cross above the green line means we are in the downtrend and when the green line cross above the red line, which means we are in a uptrend. This new features will help traders do a safer trade at small time frame.
We have the Script free for the user pass, search keyword " Bitmex Scalping PlungerMen"
-->> 0.2 eth/1 month will be used 2 Script: Bitcoin Scalping Pro and Bitmex Long Short Pro <--
ATR PivotsThe "ATR Pivots" script is a technical analysis tool designed to help traders identify key levels of support and resistance on a chart. The indicator uses various metrics such as the Average True Range (ATR), Daily True Range ( DTR ), Daily True Range Percentage (DTR%), Average Daily Range (ADR), Previous Day High ( PDH ), and Previous Day Low ( PDL ) to provide a comprehensive picture of the volatility and movement of a security. The script also includes an EMA cloud and 200 EMA for trend identification and a 1-minute ATR scalping strategy for traders to make informed trading decisions.
ATR Detail:-
The ATR is a measure of the volatility of a security over a given period of time. It is calculated by taking the average of the true range (the difference between the high and low of a security) over a set number of periods. The user can input the number of periods (ATR length) to be used for the ATR calculation. The script also allows the user to choose whether to use the current close or not for the calculation. The script calculates various levels of support and resistance based on the relationship between the security's range ( high-low ) and the ATR. The levels are calculated by multiplying the ATR by different Fibonacci ratios (0.236, 0.382, 0.5, 0.618, 0.786, 1.000) and then adding or subtracting the result from the previous close. The script plots these levels on the chart, with the -100 level being the most significant level. The user also has an option to choose whether to plot all Fibonacci levels or not.
DTR and DTR% Detail:-
The Daily True Range Percentage (DTR%) is a metric that measures the daily volatility of a security as a percentage of its previous close. It is calculated by dividing the Daily True Range ( DTR ) by the previous close. DTR is the range between the current period's high and low and gives a measure of the volatility of the security on a daily basis. DTR% can be used as an indicator of the percentage of movement of the security on a daily basis. In this script, DTR% is used in combination with other metrics such as the Average True Range (ATR) and Fibonacci ratios to calculate key levels of support and resistance for the security. The idea behind using DTR% is that it can help traders to better understand the daily volatility of the security and make more informed trading decisions.
For example, if a security has a DTR% of 2%, it suggests that the security has a relatively low level of volatility and is less likely to experience significant price movements on a daily basis. On the other hand, if a security has a DTR% of 10%, it suggests that the security has a relatively high level of volatility and is more likely to experience significant price movements on a daily basis.
ADR:-
The script then calculates the ADR (Average Daily Range) which is the average of the daily range of the security, using the formula (Period High - Period Low) / ATR Length. This gives a measure of the average volatility of the security on a daily basis, which can be useful for determining potential levels of support and resistance .
PDH /PDL:-
The script also calculates PDH (Previous Day High) and PDL (Previous Day Low) which are the High and low of the previous day of the security. This gives a measure of the previous day's volatility and movement, which can be useful for determining potential levels of support and resistance .
EMA Cloud and 200 EMA Detail:-
The EMA cloud is a technical analysis tool that helps traders identify the trend of the market by comparing two different exponential moving averages (EMAs) of different lengths. The cloud is created by plotting the fast EMA and the slow EMA on the chart and filling the space between them. The user can input the length of the fast and slow EMA , and the script will calculate and plot these EMAs on the chart. The space between the two EMAs is then filled with a color that represents the trend, with green indicating a bullish trend and red indicating a bearish trend . Additionally, the script also plots a 200 EMA , which is a commonly used long-term trend indicator. When the fast EMA is above the slow EMA and the 200 EMA , it is considered a bullish signal, indicating an uptrend. When the fast EMA is below the slow EMA and the 200 EMA , it is considered a bearish signal, indicating a downtrend. The EMA cloud and 200 EMA can be used together to help traders identify the overall trend of the market and make more informed trading decisions.
1 Minute ATR Scalping Strategy:-
The script also includes a 1-minute ATR scalping strategy that can be used by traders looking for quick profits in the market. The strategy involves using the ATR levels calculated by the script as well as the EMA cloud and 200 EMA to identify potential buy and sell opportunities. For example, if the 1-minute ATR is above 11 in NIFTY and the EMA cloud is bullish , the strategy suggests buying the security. Similarly, if the 1-minute ATR is above 30 in BANKNIFTY and the EMA cloud is bullish , the strategy suggests buying the security.
Inside Candle:-
The Inside Candle is a price action pattern that occurs when the current candle's high and low are entirely within the range of the previous candle's high and low. This pattern indicates indecision or consolidation in the market and can be a potential sign of a trend reversal. When used in the 15-minute chart, traders can look for Inside Candle patterns that occur at key levels of support or resistance. If the Inside Candle pattern occurs at a key level and the price subsequently breaks out of the range of the Inside Candle, it can be a signal to enter a trade in the direction of the breakout. Traders can also use the Inside Candle pattern to trade in a tight range, or to reduce their exposure to a current trend.
Risk Management:-
As with any trading strategy, it is important to practice proper risk management when using the ATR Pivots script and the 1-minute ATR scalping strategy. This may include setting stop-loss orders, using appropriate position sizing, and diversifying your portfolio. It is also important to note that past performance is not indicative of future results and that the script and strategy provided are for educational purposes only.
In conclusion, the "ATR Pivots" script is a powerful tool that can help traders identify key levels of support and resistance , as well as trend direction. The additional metrics such as DTR , DTR%, ADR, PDH , and PDL provide a more comprehensive picture of the volatility and movement of the security, making it easier for traders to make better trading decisions. The inclusion of the EMA cloud and 200 EMA for trend identification, and the 1-minute ATR scalping strategy for quick profits can further enhance a trader's decision-making process. However, it is important to practice proper risk management and understand that past performance is not indicative of future results.
Special thanks to satymahajan for the idea of clubbing Average True Range with Fibonacci levels.
Pure-ScalpingThe Pure Scalping indicator is a high-precision, momentum-based tool designed specifically for intraday and scalping traders. Built to identify short-term price imbalances, the indicator helps traders catch quick entries and exits during volatile market movements. It focuses on detecting micro-trends, liquidity zones, and reversal signals within tight timeframes like 1-min, 3-min, and 5-min charts.
🔍 Core Features:
Real-time buy/sell signals
Volume and price action confirmation
Minimal lag entries for quick decision-making
Works best in highly liquid instruments (e.g., Nifty, BankNifty, XAUUSD)
Optimized for scalping and fast-paced intraday strategies
Whether you're aiming for 5 to 10 quick trades a day or riding a strong trend for a few minutes, Pure Scalping provides the structure and edge needed to execute with confidence.
Glow-NodeThis indicator uses multiple different indicators in confluence to identify the direction of the trend, pullback zones, accurate entry points and even exit points to give you a simpler trading experience!
Colour Changing Candles
Our first focus was to identify the direction of the trend so we created an indicator to do just that. Instead of having lots of indicators covering your screen we have set the candles to change colour when the trend changes direction! This means you can focus on taking buy trades when the candles are blue and sell trades when the candles are purple.
Glow Cloud
Our unique cloud works as a support and resistance zone, as well as giving you additional confirmation of the direction of the trend. When the price is above the cloud we’re in a buying market and when the price is below the cloud we’re in a selling market. We can also use breakouts and retests of the cloud to find good trade ideas.
Integrated Volume Indicators
Our volume indicators are working hard in the background to give us a better understanding of the market bias. Although you cannot see the indicators, they are used in confluence with the rest of the features to give us more accurate signals. You can also see whether the volume indicates bullish or bearish momentum using the confirmation table.
Main Signals
Our main signals work best between the 15m-4h timeframes. This feature will send you trading signals based on a few different strategies including MA crossovers. Glow Node will only send the signal when all of the confirmations align, giving you an extremely accurate trade set up. The confirmations consist of the market being in an uptrend, bullish volume, above the cloud and then a cross over signal with our secret tool for a buy trade and vice versa for a sell trade.
Scalping Signals
We know how much you all love scalping! When you drop to a 5 minute timeframe or lower, the main signals disappear and you will only be able to see the scalping signals. The scalping signals are triggered when the market pulls back to the cloud and rejects it meaning you can catch all the pullbacks and continuation as you trade with the trend! We’re honestly extremely excited about this feature!
Confirmation Table
Our confirmation table will tell you if all of the features above are in confluence with each other giving you great trading opportunities. It will also show you what direction the market is trending on higher timeframes. This means you can trade with a higher timeframe trend without having to change your screen. You also don’t have to put lots of effort into adding more confirmations if you miss a signal you can use your own strategy and the confirmations from this table to create your own trade ideas.
Stop Loss Indicators
Stop losses are always a topic of conversation when it comes to trading, do you place your stop loss below the previous low? Previous candle? Below a moving average? There’s so much confusion when it comes to where to put your stop loss so we added 2 different stop loss features which you can decide between. We are always optimising our stop loss settings with the current market conditions so that you can take less losing trades and focus more on winners!
Scalp Recorder█ OVERVIEW
When it comes to tracking your performance when scalping, you are either going to design an automatic algorithm or that you might just want to go with the flow record your performance on a spread sheet. We all know how boring and time consuming that as. I initially designed this easy and simple script for myself, because I wanted to focus on scalping and the chart I have at hand here on TradingView and not go to my spread sheet to enter every single scalp. But instead have something to enter after I am done with my scalping session.
This script is easy to use if you're a systematic trader where you'd have entries, exits and take profits already set.
Just enter your R value ( The amount you're risking per trade ), and manually add a trade to "# of trades" when you're done with a scalp and add the Rs from that scalp in the settings. A 2 seconds process to store that data and have it presented to you at all time on an elegant box at the corner of the screen! - you can also adjust the location of that box/table, and hide your profit and average profit per trade if you want to share your daily/scalping-session stats with a friend -
Enjoy!
Trend Scalper (Expo)Trend Scalper (Expo)
DESCRIPTION
Trend Scalper (Expo) is a Scalping strategy based on RSI, Stochastic and moving averages techniques. The idea is to visualize scalping opportunities in trends.
The trend is determined by the color of the moving average called ‘TrendHolder’ The ‘Trendholer’ consists of 3 colors, green, red and orange. Green is a positive trend, red is a negative trend and orange is a neutral or no trend.
Scalping opportunities are visualized by the circles and the triangles. The circles are based on RSI calculation. The triangles are based on Stochastic calculation.
- If there is a green circle and a green triangle and ‘Trendholder’ is orange or green, Enter Long!
- If there is a red circle and a red triangle and ‘Trendholder’ is orange or red, Enter Short!
Combine the indicator with HEIKIN ASHI candlesticks.
HOW TO USE
1. Use the indicator to find scalping opportunities in trends.
I NDICATOR IN ACTION
BTCUSD
EURUSD
GOLD
The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Y our feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Contrarian Scalping Entry Support// @version=3
// Copyright @ ALEX SHORT
// Indicator Name : Contralian Scalping Entry Support
// alpha tester : Norakichi senpai (PRO TRADER)
// alpha tester : SHINNchan (Prop TRADER)
// Special Thanks WBZ Trading Group
// This indicator support "Contralian Scalping Entry" and "Find ideal Take-Profit point that just like Buying or Selling CLIMAX".
// Attension!!! I strongly reccomend to Verify effectiveness before "REAL TRADE".
// Note1. Downtrend often continue compared to uptrend. So, you might have to change DFMA setting for it. Or you should change reasons/grounds for Scalping Long Entry in long DownTrend.
// Note2. Before applying this indicator or switching resolution, please confirm DFMA resolution Setting. It can't chenge automatically.
// Function1. Difference from Moving Average Arrow from Multi_SMA
// This indicator will plot chart Arrow above or below candle stick when DFMA marked over range.
//
// Function2. When candle touch Quad_Bollinger band, background color will change.
// Function3.
// New Version is "v2.7.1"
1. You can switch Scalping / Swing Mode using by the checkbox. Each DFMA_#1 and #2 can apply different Alert Level.
2. QBB_Circle Alert displaying moved bottom in the main chart.
Backside Bubble ScalpingFrom LIHKG
Pine from Perplexity AI
以下是Backside Bubble Scalping策略的使用說明，旨在幫助交易者理解如何在美股交易中應用這一策略。
使用說明：Backside Bubble Scalping 策略
1. 前提條件
交易時間：此策略適用於香港時間晚上9:30 PM至12:00 AM。
圖表類型：使用1分鐘圖表進行交易。
2. 策略概述
Backside Bubble Scalping策略包含兩種主要的設置：尖backside和鈍backside。這些設置通常在10:00 PM至12:00 AM之間出現。
3. 指標設定
VWAP（粉紅色）：成交量加權平均價格，用於識別市場趨勢。
9 EMA（綠色）：9期指數移動平均線，用於捕捉短期價格變化。
4. 識別 Backside 設置
尖backside
特徵：
當市場趨勢為純紅色下跌，並形成尖尖的V形底部。
入場條件：
當價格突破9 EMA並經過小幅盤整後，進場做多。
鈍backside
特徵：
在混合顏色的趨勢中，形成鈍鈍的V形底部。
入場條件：
在盤整期間進場做多。
5. 止損和止盈設置
止損位置：
尖backside：設置在9 EMA上方的盤整範圍底部加上0.2。
鈍backside：設置在V底部的最低點加上0.2。
止盈位置：
尖backside：當價格跌破VWAP或出現一根K線沒有跟隨時出場。
鈍backside：當一根K線的三分之二身體向下突破9 EMA時出場。
6. 操作步驟
監控市場動態：在指定的交易時間內，觀察VWAP和9 EMA的變化。
識別入場信號：根據尖backside或鈍backside的條件進行判斷，確定何時進場。
設置止損和止盈：根據上述條件設置止損和止盈位，以管理風險。
執行交易：根據信號執行交易，並持續監控市場情況以調整策略。
7. 注意事項
避免在VWAP附近進行交易，以減少失敗風險。
如果出現影線（wick bar），建議不要進行交易，因為這可能表示該設置失敗。
BINANCE-BYBIT Cross Chart: Spot-Perpetual CorrelationName: "Binance-Bybit Cross Chart: Spot-Perpetual Correlation"
Category: Scalping, Trend Analysis
Timeframe: 1M, 5M, 30M, 1D (depending on the specific technique)
Technical analysis: This indicator facilitates a comparison between the price movements shown on the Binance spot chart and the Bybit perpetual chart, with the aim of discerning the correlation between the two charts and identifying the dominant market trends. It automatically generates the corresponding chart based on the ticker selected in the primary chart. When a Binance pair is selected in the main chart, the indicator replicates the Bybit perpetual chart for the same pair and timeframe, and vice versa, selecting the Bybit perpetual chart as the primary chart generates the Binance spot chart.
Suggested use: You can utilize this tool to conduct altcoin trading on Binance or Bybit, facilitating the comparison of price actions and real-time monitoring of trigger point sensitivity across both exchanges. We recommend prioritizing the Binance Spot chart in the main panel due to its typically longer historical data availability compared to Bybit.
The primary objective is to efficiently and automatically manage the following three aspects:
- Data history analysis for higher timeframes, leveraging the extensive historical data of the Binance spot market. Variations in indicators such as slow moving averages may arise due to differences in historical data between exchanges.
- Assessment of coin liquidity on both exchanges by observing candlestick consistency on smaller timeframes or the absence of gaps. In the crypto market, clean charts devoid of gaps indicate dominance and offer enhanced reliability.
- Identification of precise trigger point levels, including daily, previous day, or previous week highs and lows, which serve as sensitive areas for breakout or reversal operations.
All-Time High (ATH) and All-Time Low (ATL) levels may vary significantly across exchanges due to disparities in historical data series.
This tool empowers traders to make informed decisions by leveraging historical data, liquidity insights, and precise trigger point identification across Binance Spot and Bybit Perpetual market.
Configuration:
EMA length:
- EMA 1: Default 5, user configurable
- EMA 2: Default 10, user configurable
- EMA 3: Default 60, user configurable
- EMA 4: Default 223, user configurable
- Additional Average: Optional display of an additional average, such as a 20-period average.
Chart Elements:
- Session separator: Indicates the beginning of the current session (in blue)
- Background: Indicates an uptrend (60 > 223) with a green background and a downtrend (60 < 223) with a red background.
Instruments:
- EMA Daily: Shows daily averages on an intraday timeframe.
- EMA levels 1h - 30m: Shows the levels of the 1g-30m EMAs.
- EMA Levels Highest TF: Provides the option to select additional EMA levels from the major timeframes, customizable via the drop-down menu.
- "Hammer Detector: Marks hammers with a green triangle and inverted hammers with a red triangle on the chart
- "Azzeramento" signal on TF > 30m: Indicates a small candlestick on the EMA after a dump.
- "No Fomo" signal on TF < 30m: Indicates a hyperextended movement.
Trigger Points:
- Today's highs and lows: Shows the opening price of the day's candlestick, along with the day's highs and lows (high in purple, low in red, open in green).
- Yesterday's highs and lows: Displays the opening price of the daily candlestick, along with the previous day's highs and lows (high in yellow, low in red).
You can customize the colors in "Settings" > "Style".
It is best used with the Scalping The Bull indicator on the main panel.
Credits:
@tumiza999: for tests and suggestions.
Thanks for your attention, happy to support the TradingView community.
GOLD MonitorI'm using this platform from sometime and I carry out trading on Gold, using a kind of scalping strategy.
Scalping is not an easy task to do. Personally I found a lot of problems while detecting the trend direction.
So I decided to develop an indicator that is capable, in a discrete way, to give an instant-view on the market that is interesting.
This indicator can summarize in a small table all interesting figures related to gold scalping trading and is useful while joined with technical and fundamental analysis.
In this way it is possible to easy take under control all important aspects related to gold trading that I summarize here and you can find inside the table:
1) Gold / USD current direction
2) USD dollar strength (instant DXY) indicator take under consideration the DXY value every each tick and measures the increase or decrease in percentage. If there is a decrease the indicator displays a red low arrow, if there is an increase the indicator displays a green high arrow
also Gold friends are important so it is possible to find also:
3) NZDUSD (that is a Gold friend) variation percentage. If there is a decrease the indicator displays a red low arrow, if there is an increase the indicator displays a green high arrow
4) AUDUSD (that is a Gold friend) variation percentage. If there is a decrease the indicator displays a red low arrow, if there is an increase the indicator displays a green high arrow
then it is possible to find DXY USD dollar strength calculated between previous period (e.g. in timeframe M5 last 5 minutes) and current period (current 5 minutes). This indication is represented by an high arrow if there has been an increase, or by an low arrow if there has been a decrease.
Last but not least the information about the Gold trend itself with the possible forecast for the current period. This information must be carefully interpreted together with other instruments for technical analysis like Fibonacci lines.
Delorean Helper by MrTuanDoanThis is a helper indicator for Delorean strategy by Tyrone Foster a.k.a Vector King.
Delorean is a scalping strategy based on EMAs.
EMA 5/13/50/200/800 followed by yellow/red/aqua/gray and blue color
Delorean use 5/13/50 EMAs for short term trend (Scalping).
And 200/800 EMAs for long term trend.
We aim for the EMA 5/13 cross over/under (a.k.a Shift) for scalping in London Session.
We will decide the quality of the shift based on the much the market moves in Sydney & Tokyo sessions (a.k.a The A Range).
The A Range is calculated from 9AM-5PM AEDT (Sydney time).
v0.1 features
Draw Delorean's EMAs template
Show SHIFTS signals (green/red arrows)
Show "The A Range" info
Fully custom color and style
How to use The A Range
Only look for SHIFT signals when Range Size less than 50 pips
Only look for SHIFT signals when market creates false break out on the A Range
How to use SHIFT signals
Green arrow for BUY
Red arrow for SELL
Please always follow your risk management.
Cyatophilum Scalper [ALERTSETUP]This indicator comes with a backtest and alert version. This is the alert version. Its purpose is to create low timeframe and scalping strategies, by choosing from a list of built-in entry points which are described in detail below, and by configuring a risk management system to your liking.
Before diving into the entry points, I will explain the strategy and risk management settings.
These 3 settings allow to choose your strategy direction, and main behavior.
- Go Long ↗: activate or deactivate long entry points.
- Go Short ↘: activate or deactivate short entry points.
- Reversal strategy ↗↘↗↘: Activate this option will allow trades to reverse position from an opposite entry point. Keep it deactivated and trades will either wait a TakeProfit(TP) or StopLoss(SL) to be closed. When neither SL nor TP or set, this option is automatically activated.
StopLoss settings:
Both Long and Short SL can be activated and configured.
The base % price is the starting point of the stoploss, in a percentage of current price.
Trailing stop, when activated, works with 2 settings:
- % Price to Trigger: a percentage of current price the price should move in a bar to trigger a trailing movement.
- % Price Movement: the stoploss variation in a percentage of current price that moves on each bar.
TakeProfit settings:
Both Long and Short TP can be activated and configured.
The base % price is the value of the TP, in a percentage of current price.
Trailing Profit Deviation %: Percent deviation for the trailing take profit.
DCA:
DCA stands for Dollar Cost Average. The idea is to open additional orders from the base order so as to improve risk management.
These additional orders are also called Safety Orders. The indicator can handle up to 9 safety orders.
The strategy will exit either from a take profit based on percentage from base order or from a total volume percentage (Configurable in the parameters).
The steps spacing (space between each step) and safety orders volume (order size) can both scale by adding a scale multiplier.
By choosing from the base strategy dropdown menu, the indicator will generate entry points.
1. BUY SELL:
-> Low timeframes spot trading, with simple buy and sell orders.
How it works:
The indicator used is a combination of QQE (Atr based trend following indicator) and RMA 100 trendline.
I think the QQE does a great job in low timeframes because it is not impacted by the noise.
The RMA which is the moving average used in the RSI, will help giving confirmation to the entry points.
How to use:
It is meant to be used as a reversal strategy, but you can add a TP or SL if you want.
When comparing to Buy & Hold, make sure to deactivate the "Short results in the backtest" setting.
2. TREND SCALPING
-> A strategy for low timeframes trading.
How it works:
The strategy creates high volatility entries filtered by a duo convergence of adaptive trendlines (Adaptive HULL MA using the chart's resolution, Adaptive Tilson T3 using 1H resolution) and a higher timeframe (1H) RSI filter (long threshold: 70, short threshold: 40, RSI length: 10).
How to use:
Must be used on charts with a resolution smaller than 1H. Recommended: from 1m to 30m.
Must NOT be used as reversal strategy. Use it with a take profit and stop loss, and DCA if you can.
Sample risk management settings:
3. Support/Resistance BREAKOUTS
-> Trade low timeframes pivot points breakouts.
How it works:
The indicator calculates the 100 previous bars swing high and low. Any break above high or below low will trigger an entry point.
The entry is however filtered by an Adaptive Tilson T3 Trendline, an ADX 30 minimum threshold and a minimum average volume threshold.
How to use:
I recommend to click "Reversal" Strategy and set a Takeprofit target.
Find the best timeframe between 1m and 30m using the backtest version.
Example here with BTCUSDTPERP on 15m:
4. AGGRESSIVE SCALPING
-> Lots of trades in low timeframes.
How it works:
Created using Cyato AI, Higher/Lower Highs and Lows and 2 HULLMA crosses as entries, and 2 Adaptive Tilson T3 as trendfilter, a 25 ADX threshold filter and a volume filter.
How to use:
Recommended Risk Management settings: Takeprofit, Stoploss and DCA (Safety orders).
Find which timeframe work the best from 30 min and below. Should not be used above 30 min since this is the resolution for the MTF Tilson.
How to create Alerts:
Click Add alert, then select the indicator, and choose the alert for your order.
Most used alerts are "LONG ENTRY", "SHORT ENTRY" and "ALL EXITS".
You will find a description of each alert in the default alert message.
To gain access to this paid indicator, please use the link below.
