Dynamic Scalper ProOverview
The Dynamic Scalper Pro is a scalping-focused indicator designed to provide precise Buy and Sell signals by leveraging multiple technical elements. Each component is purposefully included to address specific challenges faced by scalpers, such as identifying trends, managing volatility, confirming momentum, and avoiding false signals. By combining these elements into a cohesive framework, the indicator ensures higher accuracy, dynamic adaptability, and robust performance across various market conditions.
Why Combine These Elements?
The combination of the following components is not arbitrary—it is based on solving the core challenges that scalpers face in fast-moving markets. Here’s a breakdown:
1. ATR-Based Support and Resistance:
• Why ATR?
• ATR dynamically adjusts to market volatility, making it more effective than fixed levels of support/resistance.
• What It Does:
• Creates blue (support) and red (resistance) zones, helping traders identify key areas where price is likely to reverse or consolidate.
• Role in the Indicator:
• These zones serve as the foundation for scalping decisions, ensuring that signals are generated in meaningful areas of price activity.
2. Bollinger Bands:
• Why Bollinger Bands?
• Bollinger Bands identify overbought and oversold conditions, which are critical for scalping in trending and range-bound markets.
• What It Does:
• Works alongside ATR zones to refine entries by pinpointing price extremes.
• Role in the Indicator:
• Provides an additional layer of precision, ensuring that trades occur near significant price points where reversals or continuations are likely.
3. EMA Crossovers:
• Why EMAs?
• EMAs are widely used for trend detection due to their ability to quickly respond to price changes while smoothing out noise.
• What It Does:
• Short EMA (fast-moving) captures short-term trends, while Long EMA (slow-moving) captures broader market direction.
• Role in the Indicator:
• Confirms the trend direction, ensuring that Buy/Sell signals align with the prevailing momentum.
4. RSI Sentiment Analysis:
• Why RSI?
• RSI helps identify the strength of market momentum and sentiment, reducing the likelihood of entering trades against the trend.
• What It Does:
• Confirms whether the market is overbought (bearish sentiment) or oversold (bullish sentiment).
• Role in the Indicator:
• Acts as a filter to ensure signals are aligned with market sentiment, avoiding counter-trend setups.
5. Relative Volume (RVOL):
• Why RVOL?
• Volume is a critical confirmation tool, as significant price movements typically occur during high-volume periods.
• What It Does:
• Validates that signals are triggered only during periods of meaningful market activity.
• Role in the Indicator:
• Reduces false signals during low-volume conditions, ensuring trades are backed by strong market participation.
6. Cooldown Mechanism:
• Why Cooldown?
• Prevents overtrading in choppy markets by limiting consecutive signals.
• What It Does:
• Imposes a time buffer between signals, ensuring traders only act on the most reliable setups.
• Role in the Indicator:
• Reduces noise and prevents excessive entries during low-probability conditions.
What Do We Achieve by Combining These Elements?
By integrating these components, the Dynamic Scalper Pro achieves several critical objectives:
1. Dynamic Adaptability:
• ATR zones and Bollinger Bands adapt to changing market conditions, ensuring that signals remain relevant regardless of volatility.
2. High Signal Accuracy:
• Signals are validated across multiple layers (trend, sentiment, volume, price extremes), reducing noise and increasing reliability.
3. Versatility:
• The indicator works effectively in both trending markets (using EMA and RSI) and range-bound markets (using ATR zones and Bollinger Bands).
4. Noise Reduction:
• The cooldown mechanism and RVOL filtering ensure that only high-quality signals are generated, avoiding overtrading in choppy conditions.
5. Streamlined Scalping:
• The combination simplifies decision-making by providing clear, actionable Buy and Sell signals based on well-validated criteria.
How It Works
Signal Logic:
1. Buy Signal:
• Triggered when:
• Short EMA > Long EMA (bullish trend).
• Price is near the lower Bollinger Band (oversold) and above the ATR lower zone (support).
• RSI > 60, confirming bullish momentum.
• RVOL exceeds the threshold, validating significant market activity.
2. Sell Signal:
• Triggered when:
• Short EMA < Long EMA (bearish trend).
• Price is near the upper Bollinger Band (overbought) and below the ATR upper zone (resistance).
• RSI < 40, confirming bearish momentum.
• RVOL exceeds the threshold, validating significant market activity.
3. Background Coloring:
• Green: Bullish trend.
• Red: Bearish trend.
• Gray: Sideways market (no clear trend).
4. Cooldown Mechanism:
• Prevents consecutive signals within a user-defined time period, ensuring only the most reliable signals are acted upon.
Why Use It?
The Dynamic Scalper Pro provides traders with:
1. Precision: High-probability signals validated across multiple technical criteria.
2. Adaptability: Works across trending and range-bound markets.
3. Efficiency: Simplifies decision-making by combining essential tools into one indicator.
4. Reliability: Reduces false signals through volume and sentiment filtering.
Scalper
Adaptive Fractal Grid Scalping StrategyThis Pine Script v6 component implements an "Adaptive Fractal Grid Scalping Strategy" with an added volatility threshold feature.
Here's how it works:
Fractal Break Detection: Uses ta.pivothigh and ta.pivotlow to identify local highs and lows.
Volatility Clustering: Measures volatility using the Average True Range (ATR).
Adaptive Grid Levels: Dynamically adjusts grid levels based on ATR and user-defined multipliers.
Directional Bias Filter: Uses a Simple Moving Average (SMA) to determine trend direction.
Volatility Threshold: Introduces a new input to specify a minimum ATR value required to activate the strategy.
Trade Execution Logic: Places limit orders at grid levels based on trend direction and fractal levels, but only when ATR exceeds the volatility threshold.
Profit-Taking and Stop-Loss: Implements profit-taking at grid levels and a trailing stop-loss based on ATR.
How to Use
Inputs: Customize the ATR length, SMA length, grid multipliers, trailing stop multiplier, and volatility threshold through the input settings.
Visuals: The script plots fractal points and grid levels on the chart for easy visualization.
Trade Signals: The strategy automatically places buy/sell orders based on the detected fractals, trend direction, and volatility threshold.
Profit and Risk Management: The script includes logic for taking profits and setting stop-loss levels to manage trades effectively.
This strategy is designed to capitalize on micro-movements during high volatility and avoid overtrading during low-volatility trends. Adjust the input parameters to suit your trading style and market conditions.
RSI/MACD Momentum ScalperThe RSI/MACD Momentum Scalper is a technical analysis tool designed to identify market momentum and provide actionable buy, sell, and take-profit signals by combining the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators. This script uses a color-coded candle system to visually highlight trend strength and direction, making it particularly useful for scalpers and short-term traders who seek clarity and precision.
How It Works
This indicator operates on two core momentum principles: the RSI and MACD. Here's a breakdown of how it combines these components to deliver unique insights:
Relative Strength Index (RSI):
Measures the strength of price movements on a scale from 0 to 100.
A bullish trend is identified when the RSI is above 50, indicating upward momentum.
A bearish trend is identified when the RSI is below 50, signaling downward momentum.
Moving Average Convergence Divergence (MACD):
Compares two moving averages (Fast and Slow) of the price to measure trend momentum.
Generates a bullish signal when the MACD line is above the Signal line.
Generates a bearish signal when the MACD line is below the Signal line.
The indicator allows the user to select the type of moving average (EMA, DEMA, or HMA) for further customization.
Combined Momentum Analysis:
Green candles (strong bullish signal) : When both the RSI is above 50 and the MACD line is above the Signal line.
Red candles (bearish signal): When both the RSI is below 50 and the MACD line is below the Signal line.
Light grey candles (neutral signal): When only one of the conditions is true, indicating indecisiveness in market momentum.
Buy/Sell Signals:
Buy Signal: Triggered when the conditions for a bullish trend are newly met (both RSI > 50 and MACD > Signal line).
Sell Signal: Triggered when the conditions for a bearish trend are newly met (both RSI < 50 and MACD < Signal line).
Take-Profit Signals (Optional):
Highlights opportunities to exit a trade when a trend reverses:
Take-profit bullish: When a bullish trend ends.
Take-profit bearish: When a bearish trend ends.
How to Use the Indicator
Customization Options:
Trend Timeframe: Set a specific timeframe for trend analysis (e.g., 1h, 4h, 1D).
RSI Settings: Adjust the RSI length to match your trading strategy.
MACD Settings: Customize the Fast, Slow, and Signal lengths to suit market conditions.
Moving Average Type: Choose between EMA, DEMA, or HMA for the MACD calculation.
Colors: Select the colors for bullish, bearish, and neutral candles to match your preferences.
Signals and Visualization:
Enable or disable Buy/Sell Signals and Take-Profit Signals through the settings.
Use the color-coded candles to quickly assess trend direction and momentum strength:
Green: Strong upward momentum.
Red: Strong downward momentum.
Light Grey: Neutral or indecisive market.
The plotted buy (triangle up) and sell (triangle down) signals assist in identifying entry points, while take-profit (square) signals help secure gains during trend reversals.
What Makes It Unique
Integrated Approach: Combines two of the most widely-used momentum indicators (RSI and MACD) into a single tool, offering a clear, cohesive analysis of market trends.
Candle-Based Visualization: Changes the candle colors to reflect momentum, eliminating the need to constantly check separate indicator panels.
Customizability: Provides advanced options such as timeframe selection, MA type, and user-defined settings for RSI and MACD lengths, making it adaptable to different trading strategies.
Signal Precision: Goes beyond traditional RSI and MACD by offering precise buy, sell, and take-profit signals based on combined momentum logic.
Ease of Use: Tailored for both beginner and experienced traders by providing simple visual cues (candle colors and plot shapes) while retaining the depth of advanced settings.
The RSI/MACD Momentum Scalper is particularly beneficial for scalpers and intraday traders looking for a dynamic, easy-to-read tool that minimizes noise while focusing on high-probability trade opportunities.
No-Lag MA Crossover ScalperThe No Lag Crossover Scalper aims to capitalize on short-term trends using a combination of Hull Moving Average (HMA) for trend detection and multiple indicators for generating buy and sell signals. Here’s an overview of its components and approach:
1. Trend Detection with Hull Moving Averages (HMA) :
- Dual Hull MA Setup : Uses two Hull Moving Averages (HMA) to detect crossovers and crossunders, which are signals of short-term trend changes.
- No Lag Nature : HMAs are chosen for their ability to reduce lag compared to traditional moving averages, providing quicker responses to price movements.
2. Indicators for Signal Generation :
- Relative Strength Index (RSI) : Detects overbought and oversold conditions, generating signals when price movements diverge from RSI readings.
- Moving Average Convergence Divergence (MACD) : Provides signals based on the convergence and divergence of two moving averages, indicating potential trend reversals.
- Stochastic Oscillator (Stoch) : Identifies momentum shifts by comparing the current closing price to its range over a specific period.
- On-Balance Volume (OBV) : Measures buying and selling pressure based on volume flow, signaling potential changes in price direction.
- RSI Divergence : Looks for discrepancies between price action and RSI values, suggesting weakening trends and possible reversals.
3. Signal Generation Logic :
- Buy Signals : Generated when both HMAs cross over, supported by bullish indications from RSI, MACD, Stoch, OBV, or RSI divergence. At least 2 indicators must be true to generate a signal.
- Sell Signals : Triggered when HMAs cross under, complemented by bearish signals from the mentioned indicators.
4. Implementation and Optimization :
- Parameter Optimization : Fine-tuning of indicator periods and sensitivity settings to balance signal accuracy and responsiveness.
- Confirmation Mechanisms : Use of multiple indicators to confirm signals, reducing false positives and enhancing reliability.
Overall, the No Lag Crossover Scalper combines the speed of Hull Moving Averages with the reliability of multiple indicators to identify short-term trends effectively. By focusing on no lag indicators and confirming signals with diverse technical tools, it aims to capitalize on rapid market movements while managing risk through disciplined execution.
Credits: used TradingView ta library for a lot of the built-in indicators.
Disclaimer: This is still experimental beta version so use at your own risk.
HilalimSBHilalimSB A Wedding Gift 🌙
HilalimSB - Revealing the Secrets of the Trend
HilalimSB is a powerful indicator designed to help investors analyze market trends and optimize trading strategies. Designed to uncover the secrets at the heart of the trend, HilalimSB stands out with its unique features and impressive algorithm.
Hilalim Algorithm and Fixed ATR Value:
HilalimSB is equipped with a special algorithm called "Hilalim" to detect market trends. This algorithm can delve into the depths of price movements to determine the direction of the trend and provide users with the ability to predict future price movements. Additionally, HilalimSB uses its own fixed Average True Range (ATR) value. ATR is an indicator that measures price movement volatility and is often used to determine the strength of a trend. The fixed ATR value of HilalimSB has been tested over long periods and its reliability has been proven. This allows users to interpret the signals provided by the indicator more reliably.
ATR Calculation Steps
1.True Range Calculation:
+ The True Range (TR) is the greatest of the following three values:
1. Current high minus current low
2. Current high minus previous close (absolute value)
3. Current low minus previous close (absolute value)
2.Average True Range (ATR) Calculation:
-The initial ATR value is calculated as the average of the TR values over a specified period
(typically 14 periods).
-For subsequent periods, the ATR is calculated using the following formula:
ATRt=(ATRt−1×(n−1)+TRt)/n
Where:
+ ATRt is the ATR for the current period,
+ ATRt−1 is the ATR for the previous period,
+ TRt is the True Range for the current period,
+ n is the number of periods.
Pine Script to Calculate ATR with User-Defined Length and Multiplier
Here is the Pine Script code for calculating the ATR with user-defined X length and Y multiplier:
//@version=5
indicator("Custom ATR", overlay=false)
// User-defined inputs
X = input.int(14, minval=1, title="ATR Period (X)")
Y = input.float(1.0, title="ATR Multiplier (Y)")
// True Range calculation
TR1 = high - low
TR2 = math.abs(high - close )
TR3 = math.abs(low - close )
TR = math.max(TR1, math.max(TR2, TR3))
// ATR calculation
ATR = ta.rma(TR, X)
// Apply multiplier
customATR = ATR * Y
// Plot the ATR value
plot(customATR, title="Custom ATR", color=color.blue, linewidth=2)
This code can be added as a new Pine Script indicator in TradingView, allowing users to calculate and display the ATR on the chart according to their specified parameters.
HilalimSB's Distinction from Other ATR Indicators
HilalimSB emerges with its unique Average True Range (ATR) value, presenting itself to users. Equipped with a proprietary ATR algorithm, this indicator is released in a non-editable form for users. After meticulous testing across various instruments with predetermined period and multiplier values, it is made available for use.
ATR is acknowledged as a critical calculation tool in the financial sector. The ATR calculation process of HilalimSB is conducted as a result of various research efforts and concrete data-based computations. Therefore, the HilalimSB indicator is published with its proprietary ATR values, unavailable for modification.
The ATR period and multiplier values provided by HilalimSB constitute the fundamental logic of a trading strategy. This unique feature aids investors in making informed decisions.
Visual Aesthetics and Clear Charts:
HilalimSB provides a user-friendly interface with clear and impressive graphics. Trend changes are highlighted with vibrant colors and are visually easy to understand. You can choose colors based on eye comfort, allowing you to personalize your trading screen for a more enjoyable experience. While offering a flexible approach tailored to users' needs, HilalimSB also promises an aesthetic and professional experience.
Strong Signals and Buy/Sell Indicators:
After completing test operations, HilalimSB produces data at various time intervals. However, we would like to emphasize to users that based on our studies, it provides the best signals in 1-hour chart data. HilalimSB produces strong signals to identify trend reversals. Buy or sell points are clearly indicated, allowing users to develop and implement trading strategies based on these signals.
For example, let's imagine you wanted to open a position on BTC on 2023.11.02. You are aware that you need to calculate which of the buying or selling transactions would be more profitable. You need support from various indicators to open a position. Based on the analysis and calculations it has made from the data it contains, HilalimSB would have detected that the graph is more suitable for a selling position, and by producing a sell signal at the most ideal selling point at 08:00 on 2023.11.02 (UTC+3 Istanbul), it would have informed you of the direction the graph would follow, allowing you to benefit positively from a 2.56% decline.
Technology and Innovation:
HilalimSB aims to enhance the trading experience using the latest technology. With its innovative approach, it enables users to discover market opportunities and support their decisions. Thus, investors can make more informed and successful trades. Real-Time Data Analysis: HilalimSB analyzes market data in real-time and identifies updated trends instantly. This allows users to make more informed trading decisions by staying informed of the latest market developments. Continuous Update and Improvement: HilalimSB is constantly updated and improved. New features are added and existing ones are enhanced based on user feedback and market changes. Thus, HilalimSB always aims to provide the latest technology and the best user experience.
Social Order and Intrinsic Motivation:
Negative trends such as widespread illegal gambling and uncontrolled risk-taking can have adverse financial effects on society. The primary goal of HilalimSB is to counteract these negative trends by guiding and encouraging users with data-driven analysis and calculable investment systems. This allows investors to trade more consciously and safely.
CANDLE LEVELS [PRO]This indicator provides you with 55 levels! with labels to help you identify quickly where current price is in relation to the OPEN, CLOSE, HIGH OF DAY and LOW OF DAY to a respective level. Choose from levels as low as the 5 minute time frame all the way up to 200 days. All of the levels except the day's OPEN, HIGH OF DAY AND LOW OF DAY use the PREVIOUS time frame's level. In other words, when you're looking at the "1 DAY HIGH", that's actually the previous day's HIGH OF DAY. Whether you're a scalper on the lower time frames or a swing trader that mainly uses the 1 hour and above, these candle levels can be an invaluable source of support and resistance; in other words you'll often see price bounce off of a level (whether price is increasing or decreasing) once or multiple times and that could be an indication of a price's direction. Another way that you could utilize this indicator is to use it in confluence with other popular signals, such as an EMA crossover. For instance, you could watch as price rises above the 21 EMA all the while price is also crossing up and over the previous day's HIGH OF DAY with a relative volume that's double that of the previous week's average. These are just a few of some potential bullish signals that you could look for to go long on a trade using the candle levels provided.
I've made this indicator extremely customizable:
⚡Each level has 2 labels: 1 "at level" and 1 "at right", each label and price can be disabled
⚡Each label has its own input for label padding. The "at right" label padding input allows you to zoom in and out of a chart without the labels moving along their respective axis
⚡Each label's text can be customized via an "input.string" code base
⚡Each level's label can be changed via a plot style setting to determine if the label is centered with it's respective level or rides along the top of it
⚡Significant figures input allows you to round price up or down
⚡A "bias EMA" tool that color codes the candles and price line to show you where price is in relation to the 21 EMA (or another value that you pick). As a result, this can be an effective visual to help reduce cognitive load
⚡A "fill level" where color is determined by price opening above or below the previous day's close
⚡A "use current close" setting that's great to use in pre-market as it shows you where price is in relation to the previous days' close
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🙏Thanks to (c)satymahajan for the inspiration behind the ATR "previous close" and "bias candle" code base
🙏Thanks to my mentor (c)SimpleCryptoLife for the libraries and extensive code to help create this indicator
Opening Range & Prior Day High/Low [Gorb]Introduction:
Opening Range & Prior Day High/Low indicator is an easy to use day traders tool. This indicator automatically plots the previous days high and low, as well as drawing a box from the opening range that the user specifies in the settings. These two together can help provide an indication of market sentiment and price trends for the day. They are often used as a trading strategy for day traders.
Overview:
The Opening Range , draws a box from the high to the low of the user defined time period and is extended until the end of the trading session. Most common are the 5/15/30min opening ranges.
Prior Day High/Low , draws lines from the previous days high and low that extend across the current session. These are used as support/resistance and also a marker to see market sentiment by crossing one of these levels.
The indicator is designed for all kinds of traders, offering a simple approach to automatically plot levels for you.
Features:
All skill-level friendly presets, easy to enable with one-click
Opening Range: Allows user to choose what time the range starts and ends to measure the high & low.
Extend Range Lines: allows the user to choose when the box stops extending according to the trading session time.
Enable Opening Range Box: allows the user to choose to plot the opening range or not.
ORB Border Color: allows the user to change the box border color.
ORB Box Shade Color: allows the user to change the background of the opening range box.
ORB Line Width: allows users to chose the width of the opening range box lines.
Enable Previous Day High: allows users to enable the previous days high to be plotted.
Enable Previous Day Low: allows users to enable the previous days high to be plotted.
Previous Day High Color: allows users to choose the color for this line.
Previous Day Low Color: allows users to choose the color for this line.
All colors are changeable for the user to customize to their liking.
Usage Demonstration
In the image below, we can see a basic example of how these 3 features function.
As explained above, the opening range is customizable to meet the users needs and can be disabled with one click. Same goes for the prior day high(green) and low(red) lines. All 3 are plotted each day automatically for the user if enabled.
In the image below, we can see an example of using the opening range break and prior day high together for a trading strategy.
This is a great example of using the prior day high with the opening range to use as a day trading strategy. It provides the trader with levels to watch for price to break out from for possible trade setups.
In this next image, we can see a failed breakdown from the opening range that results in a bullish breakout.
The first move was a fake breakdown with the failed rejection on the retest of the opening range lows. This led to a breakout above the range and a confirmation bounce on the breakout retest. Price did break above the prior day high and confirmed with a retest bounce on that level as well.
In the image below, we can see how previous days levels can act as resistance to use with the opening range.
Price didn't reject the opening range low, but it did reject the prior day high for the second time. This could be used as an entry or once price breaks down out of the opening range again.
Conclusion:
We believe in providing user-friendly tools to help speed up traders technical analysis and implement easy trading strategies. The goal is to provide a user-friendly indicator to automatically draw opening ranges and previous days levels to suit the users needs and trading style.
RISK DISCLAIMER
All content, tools, scripts & education provided by Monstanzer or Gorb Algo LLC are for informational & educational purposes only. Trading is risk and most lose their money, past performance does not guarantee future results.
Option ScalperWhat is Scalping?
Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock or any other instrument that can be traded.
Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day.
The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves.
Traders who use such strategies are known as scalpers. When you take many small profits a number of times, say 10 points scalped 20 times per day, they can easily add up to large gains.
An Option Buyer's Biggest Enemy is Time Decay and when you scalp, you do not allow the time decay to eat your Option Premium as your Entry and Exit is often quick enough.
What is Option Scalper?
Option Scalper indicator is a momentum-based indicator that tries to detect momentum based upon a number of factors as given below:
(1) Price action accumulated over a period of time when big candles are nowhere
(2) Repeatedly Occurring, certain Candle patterns which indicate if buyers have the upper hand or sellers are ruling the market.
(3) Gradient of moving averages which shows consistency of net buying/selling force
(4) Price jumping normal distribution line and landing in outlying areas, signalling increasing momentum of buying/selling activity.
Based upon the above factors, when Option Scalper thinks a move has the potential to turn into a big move, it generates its Buy/Sell Signals.
When aggressive buying or selling starts where Buying & Selling Forces become unequal, the Price starts moving in one direction with candles making Higher Highs or Lower Lows, moving average lines start scaling up or down or volumes start increasing.
Option Scalper detects these (1) Higher Highs or Lower Lows, (2) scaling up moving average lines, and/or (3) price breaking out of channels; and generates Buy or Sell signals.
In order to use this indicator, simply deploy this on your chart, and wait for Buy/Sell signals. When a Buy/Sell Signal appears, a small line starts forming up at the closing level of Buy/Sell signal candle. Your Entry will be above that line for Buy Signal and below that line for Sell Signal.
It works on all time frames.
Whenever a Buy Signal is followed by Sell signal (let it be after 7 - 8 candles or after many candles) or vice-versa, you have to switch your position to make most of the reverse move.
It is a general purpose indicator and may be used on stocks, commodities, forex and any other instruments alike and is not meant for any specific market.
How to Take Buy/Sell Entry with Option Scalper?
Whenever a Buy/Sell Signal appears on a candle, Option Scalper starts marking its closing price with a horizontal line that keeps extending towards right side with every new candle. This line is Blue in Color for Buy Signal and dark golden color for Sell Signal.
Initially this horizontal line will be very small but as more and more candles appear with the passage of time, the length of the line keeps increasing.
The purpose of this line is to mark the closing price of Signal candle and you have to take your Buy Entry above this line (if last signal is BUY) or you have to take your trade Below this line (if last signal is SELL).
The indicator will also draw another line at the Opening Price of Signal Candle, which can act as your initial stop loss. If trade starts moving in your direction and price goes above upper variance line (light green curvy line) or goes below lower variance line (purple wavy line), then that line becomes your trailing stop loss line from that point onwards.
The indicator also marks the consolidation zone for you. If the Buy/Sell Signal has come but price is in consolidation zone (grey colour cloud), do not take any positions yet and wait for the price to come out of the cloud and breach the Entry Line.
Exiting Buy/Sell Positions and Re-Entry Rules
1. Exiting your Buy Trade: When a Buy Trade is active, indicator can detect where the ongoing upmove may end or retrace for a while and it will print an X symbol (RED COLOR) to warn you. After you see a Red Color X symbol, if price starts making lower lows, you can exit your Buy Trade there or if you are in good profit, you can wait for the price to go below upper variance line (the green color Trailing Stop Loss Line for Buy Trade). See the image below for Red Color X symbol which warns you to be prepared for EXIT from Buy Trade:
2. Re-Entry for Buy Trade: If the last signal on your chart is still Buy Signal but your stop loss has been hit once or twice and you have no open positions now, you can RE-ENTER in buy trade if and when price again climbs above the grey cloud.
3. Exiting your Sell Trade: When a Sell Trade is active, indicator can detect where the ongoing down-move may end or retrace for a while and it will print an X symbol (Green COLOR) to warn you. After you see a Green Color X symbol, if price starts making higher highs, you can exit your Sell Trade there or if you are in good profit, you can wait for the price to go above lower variance line (the purple color Trailing Stop Loss Line for Sell Trade).
4. Re-Entry for Sell Trade: If the last signal on your chart is Sell Signal but your stop loss has been hit once or twice and you have no open positions now, you can RE-ENTER in Sell trade if and when price again crosses below the grey color cloud.
See the image below for recognizing Red and Green X symbols which indicate that temporary retracement or reversal signal is developing:
What are the other features of Option Scalper?
1. End to End Horizontal Support/Resistance Lines: Indicator also detects, prints and deletes horizontal support and resistance lines which can help in your trading decisions. For example, a Buy Signal comes and price crosses above upper variance line and also crosses nearby horizontal resistance line means it has higher probability of moving further up. The reverse is also true (for Sell Signal). See an example of a resistance line below:
2. Star Symbols: If 5 or more consecutive candles are of the same color, then Star Symbol (*) starts appearing above or below the candles. When price has moved too high or too low from the upper or lower variance line, these stars indicate that there is higher probability of retracement happening now which should prompt you to book full or partial profit. See the circled stars in the below image
3. Color Changing Candles: If a candle changes its color from Red to Purple or from Green to light green, they indicate increased intensity of Selling or Buying activity. For example, if each 1 min candle within a 5 min candle is red, then that 5 min candle will turn purple which means Selling pressure is too much and there are very few or no buyers at all. Reverse is also true when Green Candle becomes Light Green. Example images of such candles can be seen below:
4. Consolidation Zone: It is very important for an option buyer to strike only when there is momentum and not to take any fresh trade (or if you already have a position, then closing it for the time being) when price is in consolidation zone. Consolidation zone is marked by a grey colour cloud as seen in below image.
What Type of Alerts Can be Set up: You can set up 3 type of alerts with this indicator (a) Buy Entry Signal which happens when Price closes above the marked Buy Price Level (b) Sell Signal which happens when Price closes below the marked Sell Price Level or (c) Any signal (if you want to be alerted when either Buy or Sell Signal happens)
How to get this indicator?
This is invite-only indicator. Get in touch with us using information given below in Signature field to try this indicator FREE. You may also chat with us through Private Chat feature of TradingView.
TENKAN SCALPER STRATEGYTENKAN SCALP is a fully automatic trading system.
It is a continuation of our previous ichimoku release. This time however we throw out the rule book and use ICHIMOKU in a very different way.
It applies non traditional money management tactics.
While most trading strategies rely on a stop loss and a take profit target to manage risk. This strategy uses either no stop loss at all or a time based stop loss.
You might ask yourself the question why would you keep a trade open if it goes against you? Here are a phew reasons why the script does what it does.
Forex Markets consolidate most of the time. If you wait long enough your Take Profit will get hit anyways most of the time
You don't have to risk everything per trade. I keep my orders small so to keep some powder to get into some more trades
All the extra trades you take while one trade is in drawdown limit the drawdown as they provide cashflow
On lower timeframes the markets are so chaotic that a stop loss is very likely to get hit by a wick
About backtest below
This backtest uses a spread of 2 pips for entries and a default position size of 100% of equity. This is only possible on exchanges where spread is low and you have 10:1 leverage or more. It does not represent results obtainable without leverage. Do take into account that there are a lot of forex exchanges that provide this leverage, however a 2 pip spread is not always guaranteed and only applies to major pairs.
This backtest does not use the TIME BASED STOPS functionality.
Always start with small position sizing and see how the strategy performs before adding risk.
Explanation of variables:
Chikou(lagging span): pink line, this is price plotted 26 bars ago. People ignore the power of this it is crucial to see how chikou behaves towards past price action as seen in the chart below where we got an entry at red arrow because chikou bounced from past fractal bottom.
Kijun-Sen(base line): Black line or color coded line. This is the equilibrium of last 26 candles. To me this is the most important line in the system as it attracts price.
Kijun = (Highest high of 26 periods + Lowest low of 26 periods) ÷ 2
Tenkan-Sen(conversion line): Blue line. This is the equilibrium of last 9 candles. In a strong uptrend price stays above this line.
Tenkan = (Highest high of 9 periods + Lowest low of 9 periods) ÷ 2
Senkou A (Leading span A)= Pink cloud line, this is the average of the 2 components projected 26 bars in the future.
Senkou A = (Tenkan + Kijun) ÷ 2
Senkou B (Leading span B) = Green cloud line, this is the 52 day equilibrium projected 26 bars in the future.
Senkou B = (Highest high of prior 52 periods + Lowest low of prior 52 periods) ÷ 2
projection: Script uses same function for variable calculation and substracts a number on each next bar as to make a projection of where the variable will be in future bars if price stayed the same. This works as ICHIMOKU calculations use the middle point of a past set of data. The shorter that amount of bars will be in line with the data that it will be restricted to in future if price stayed the same.
Detection of Market Environment
To enter trades the script uses a lot of ICHIMOKU concepts. Contrary to how most people trade ICHIMOKU this script takes an environment that ICHIMOKU identifies as trending upwards and shorts in that environment. The same will be applied to a downtrend where it will open LONGS.
List of CRITERIA for a trend:
Grapling Hook: this is a component based on the chikou span (closing price displaced 26 bars into the past). The script will use an ATR based range to define a possible future projection to the CHIKOU line. For a market to be bullish there should be no price action happening within this area. Market is free to move upwards. Vice versa for bearish .
Kumo Cloud: script will check if price is above the cloud for bullish trend and below cloud for bearish trend .
Chikou above Kijun: script will check if the chikou line is above the KIJUN line of 26 bars ago. This is further confirmation that price is trending high enough compared to it's past data. Vice versa for downtrend.
Kijun projection: script will check if past Kijun is lower than future projected Kijun. This to ensure we get an equilibrium in our favour in the future. Vice versa for downtrend
Tenkan projection: script will check if future Tenkan-sen will be higher than Kijun-sen for an uptrend. Vice versa for downtrend.
Cloud projection: script will check if in 9 bars the Senkou Span A will be higher than Senkou Span B for an uptrend. Vice versa for downtrend.
Example:
This script does not visualise the prediction lines like I show in the example. I show them here to clarify how the script works.
Usage
Backtests are not indicative of future results, although a trader may want to use a strategy script to have a deeper understanding of how their strategy responds to varying market conditions, or as a tool for identifying possible flaws for a strategy that may be indicative of good or bad performance in the future.
Strategy Settings:
Minimum Body Size (atr): this is the minimum ATR a signal bar needs to be for entry. This is useful because our TP is based on previous bar.
Lot size per trade: this setting does not impact backtest. It is used to for the signals to let tradingconnect.com know your position size.
Direction: do you want to trade longs or shorts. I personally use both a long bot and a short bot at the same time.
Positions Allowed: the amount of positions the script will keep open as a maximum. You do not want to open too many positions, this is for risk management.
Close all positions at drawdown: if total open positions loss gets to this % target it will close all positions.
MetaTrader Prefix: when the script sends a signal it will put this text right before the symbol name from syminfo.ticker
MetaTrader Suffix: when the script sends a signal it will put this text right after the symbol name from syminfo.ticker
Charts below are some examples on how the script handles orders on default settings:
without time based SL
with time based SL
how it handles pyramiding
www.tradingview.com
Tradingconnector.com:
For full automation of the forex market the script uses this connector to execute trade on MT4. The alerts the script sends using the alerts() function call are structured in a way tradingconnector will recognise and send directly to MT4. You can find documentation about this tool on their own website.
Personal recommendation is to start with a minimum lot size and track performance, if you are comfortable scale the size up. You can do that by increasing the lot size setting in the script and making a new alert. Make sure to delete the old one.
How to access
You can see the Author's Instructions below to visit our telegram to get more information on how to get access.
Setup 123 ScalperSetup 123 Scalper is characterized by a bottom (buy pattern formed by 3 candles where the 2nd has the lowest minimum) or a top (sell pattern formed by 3 candles where the 2nd has the highest maximum). It has a filter that only shows the signal when the asset is trending. Setup popularized by trader Alexandre Wolwacz (Stormer).
Na linguagem do autor:
O Setup 123 Scalper é caracterizado por um fundo (padrão de compra formado por 3 candles onde o 2º tem a menor mínima) ou um topo (padrão de venda formado por 3 candles onde o 2º tem a maior máxima). Possui um filtro em que só mostra o sinal quando o ativo está em tendência. Setup popularizado pelo trader Alexandre Wolwacz (Stormer).
Acrylic's 1m/3m Scalper Buy/Sell SignalsAcrylic's Scalper Signals uses a combination of RSI / Stochastic / Williams %R to calculate the perfect entry signals. The script(with it's default settings) has been optimized and thoroughly tested on BTC & ETH 1 and 3 minute time frames. It's intended for quick in and out trades that should only last a few minutes unless a strong trend is caught. Basic knowledge of market structure is needed, as you will not be taking every signal generated by the script.
You also have the option to display all signals regardless of the short term trend that has been confirmed by RSI. This can be good if you're looking for reversal entries at resistance/support levels.
-Large triangle signal: Strongest signal that was confirmed with RSI & Williams %R optimized calculations. (prints at current candle close)
-Small triangle signal: Fractal signal can be used as a late entry signal/continuation. (prints after 2 candle closes)
-Candle colors are matched to stochastic strength for added confluence to enter trades. (Must hide default trading view candles to see these)
-233SMMA color is matched to the extreme short term trend based off of RSI calculations.
Perfect Long Entry Setup Image :
1) EMA21 > EMA55 > EMA100 > SMMA233(Colored green for added confluence) - All pointing up indicating strong trend
2) Enter on pullback to short term EMA after signal candle closes. (Do not take entry if candles closed below 100EMA)
Perfect Short Entry Setup Image :
1) EMA21 < EMA55 < EMA100 < SMMA233(Colored red for added confluence) - All pointing down indicating strong trend
2) Enter on pullback to short term EMA after signal candle closes. (Do not take entry if candles closed above 100EMA)
Feel free to ask questions or leave feedback in the comments, I'm always looking to improve! Thanks!
Gedhusek ScalpingRangerThis indicator was designed for finding good entries for scalping the market
How does it work:
- It works on a basis of price running out of its bands and its return
- Once the price is out of bands, the system starts scanning for two patterns --> sudden price reversion and losing of momentum.
- If any of these patterns occur, the indicator waits for a confirmation bar and after that it gives you a signal that the price could be moving upwards or downwards.
- These signals are represented by a label and sudden price change of the current bar
- Also you will see a dotted line above or below the bar that can be used as a potential Stop Loss level
Idea behind the trigger patterns:
Sudden price reversion
- Idea behind this pattern is that the price has a higher success of reversion if there is a fast change of its momentum. This pattern is recognized by measuring the divergence between prior and current price change
- The divergence is measured as correlation between shorter-term price action and longer-term price action. If the correlation is negative and statistically significant, it is counted as a reversion signal (= shorter-time price action goes in the opposite direction of longer-term price action)
Losing of momentum
- The idea behind this pattern is that once there is no strong momentum, there is lower probability of a breakout and start of strong trend
- It is calculated as a difference between current price and previous price. If the difference is minimal, it is taken as a signal that the price lost its momentum and therefore there is higher chance of reversion.
When to use:
- This indicator works well in ranging markets, but slightly less well in trending markets. Therefore look for sideways markets and use the indicator there
- Price action patterns work really well with this indicator, such as Support and Resistance levels, double Tops and Bottoms,...
Inputs:
- This indicator has only one input and that is "Analysis Period". This input declares how many bars and going to be used when finding the patterns of possible price reversion
Time Based Crypto DayTrade StrategyThis is a time based strategy, designed to enter and exit within the same day of the week, using different hours for entry and exit.
The script is long only direction, and it has no risk management inside, so use it with caution.
At the same time you can also calculate each individual hour return within a certain day, and make your own idea about the best moments to be enter.
In order to filter a bit from the bad trades, I have applied an ATR filter, to check if that volatility is rising in order to help eliminate some of the bad trades when there is no volatility around.
For this example, on BTC, it seems that for the last years, on tuesday and thursday, enterring at the beginning of the daily candle, 01:00hours and exit at 00:00 hours, seems to give positive results giving the idea that can be converted in some sort of edge into our favor.
However dont take this entirelly for granted and conduct your own searches
Higher Timeframe Price Action ScannerThis is a higher timeframe scanner that detects the price action trend on multiple timeframes and displays them all as red or green dots. You’ll be able to see the real time and historical price action trends so you can trade in the same direction of the overall trend on higher timeframes. You can also set it to scan a different ticker if you choose. If you find pairs that correlate very well, you can use two scanners and look at both of them for extra trend confluence.
CALCULATIONS
This scanner uses the same price action formula from our other indicator titled 1 Minute Scalping Indicator which can be found on our profile. It has Scalp Mode and Swing Mode. Both modes use the exact same price action parameters for signals, but Swing Mode will only give signals when the price action parameters are met AND the close is higher than the previous high for bull signals or when the close is lower than the previous low for bear signals.
HOW TO USE
The top line of the scanner shows the price action trend for the current chart timeframe and the rest are using the higher timeframe that you set in the input settings. They start with higher timeframe #1 as the second line from the top and go down from there.
When most or all of the dots are green, you should be looking for long positions and when most or all of the dots are red, you should be looking for short positions.
Since this scanner is using pure price action to identify trends, it’s a reliable way to see what multiple timeframes are doing.
PAIRINGS
Use this with the 1 Minute Scalping Indicator so you can get the signals and candles colored per the price action on your chart as well as see the higher timeframe price action trend from the scanner. Using both together will help you make better trading decisions.
MARKETS
You can use this scanner on any market.
TIMEFRAMES
This scanner will scan the current chart timeframe and display the result on the top line, then the lines below that will display the results from the higher timeframes you choose in the settings. It has timeframes from 1 minute all the way up to 1 year.
1 Minute Scalping IndicatorThis is a 1 Minute Scalping Indicator based purely on price action of the current candle compared to the previous candle so there is no lag from using other indicators. It works great on all timeframes, but is designed for getting in and out of positions quickly using the 1 minute chart. The candles will paint according to the direction the price is currently moving in, which is a great way to help reduce anxiety while watching the candles bounce back and forth.
HOW TO USE
It has Scalp Mode and Swing Mode. Both modes use the exact same price action parameters for signals, but Swing Mode will only give signals when the price action parameters are met AND the close is higher than the previous high for bull signals or when the close is lower than the previous low for bear signals.
This scalping indicator will show green up arrows when it detects bullish price action and red down arrows when it detects bearish price action. It will show a yellow arrow if the bullish/bearish price action conditions are met, but it detects a candle pattern that may be a weak signal such as small candle body, large wicks, etc. When this happens, make sure to wait for the next candle to show confirming price action before following the signal. You can also turn the signals off and use only the candle coloring if you prefer cleaner charts.
You can change the candle colors it uses within the input settings, as well as the color of the signal arrows to suit your preferences. You can also turn off the candle coloring if you prefer normal candles. If you are using the indicator’s candle coloring, make sure you go to your chart settings(gear icon top right) and in the symbol tab, turn off body, borders and wick for this to show up properly.
This scalper also includes alerts for bull and bear signals that can be set to alert you on any market and timeframe.
SCANNER
We also made a higher timeframe scanner that uses this same price action formula and shows you if higher timeframes are currently bullish or bearish in real time. It’s titled Higher Timeframe Price Action Scanner and can be found on our profile. I strongly recommend using both of these together to get an idea of the overall trend on longer timeframes. You can also use two of the scanners and set them to two tickers that move together or opposite of each other(like SQQQ and TQQQ) for even more market insight on your ticker's immediate direction.
MARKETS
This 1 Minute Scalping Indicator works well on any market such as stocks, crypto, forex, futures, etc.
TIMEFRAMES
This indicator is designed for scalping on the 1 Minute timeframe, but it works well on all timeframes, since it is using price action to give signals.
TIPS FOR BEST RESULTS
We recommend pairing this indicator with another support & resistance or moving average combo to find great entry areas and use the price action signals as confirmation when price bounces off of those areas. We also recommend using the Higher Timeframe Price Action Scanner with this so you can see the overall trend of higher timeframes on your chart and trade in the direction of the trend.
Scalp Mode
Swing Mode
Candle Coloring Only - No Signals - Scalp Mode
Candle Coloring Only - No Signals - Swing Mode
Polaris [Loxx]Polaris is a lower timeframe, high-leverage scalping indicator. It works by scanning for volatility spikes and then calculation the likelihood that those spikes will break market structure to the upside or downside.
Settings
Volatility Type: ATR or TRD , these types will be expanded in future releases.
Volatility Multiplier: How much volatility for market structure break
Filter and source: Proprietary moving average filter period and source type
Equity Calculation Method: Fixed or compounded. This determines trade size. If fixed, then the strategy uses the same quantity per trade, if compounded the strategy uses a percentage of cash on hand as that cash grows or shrinks
% Risk Per Trade: How much you'd like to risk per trade.
Leverage Multiple: How much leverage you'd like to use
% Maintenance Margin: You can find this value posted on the exchange you use
Enabled Forced Liquidation Stop-loss?: If enabled, the strategy will liquidate at measures of leverage automatically. 10x leverage liquidates at 10% opposite move for the trade, for example. This number will be adjusted by the % Maintenance Margin determined by the exchange.
% Minimum Take Profit Cutoff: This controls whether you wish to take trades only over XX% volatility . Since this indicator is to be used for small tight scalps, this keeps you out of trades that are too small to be useful for your desired trading style
Activate Long Pullback Rule?: This controls how the trade is entered. If activated, then the entry won't occur until a pullback happens after market structure break
Activate Short Pullback Rule?: This controls how the trade is entered. If activated, then the entry won't occur until a pullback happens after market structure break
Activate Trend Flip Exits?: Force strategy to exit when trend flips from short to long and long to short
Number of Take Profits: How many take profits levels. 1-5
Activate Trailing Take Profit?: Allows you to set a trailing stop loss after TP2 his hit
Trailing Take Profit Offset Multipler: This determines when the trailing stoploss hits. It's a multiple of volatility
Activate Moving Stop-loss?: Forces the stop loss to move up as targets are reached
Where to Move Stop-loss: At which Take Profit level do we begin to move stoplosses upward with targets
Show dip buying levels: If you have a high risk appetite, these are levels where you could increase your investment size, this has no effect on the strategy but is included for if you wish to manually add to your position size
Activate Longs?: Toggles on/off Longs
Activate Longs?: Toggles on/off Shorts
The remaining settings are multiples of volatility for Take Profits and dip buying levels
UI components
Big green and red plus signs means an entry point. PTF with green and red arrows means "prepare for trend flip". Not every PTF will actually flip the trend. These are just warning shots to make you aware that a possible trend flip is coming. Labels nest to market structure breaks with numbers are the ideal entry level. You can set limit orders at these levels so as to incur less exchange fees on Binance or Bybit for example. The data window provides useful information about the current trade and targets and stoploss of the next upcoming trade giving the current price action of the asset.
Other things to note
this is an extremely high risk strategy depending on how you tune the settings. You can tune down the settings to make it less risky at the cost of profit and hit rate, but that's up to you and your trading style. This can be used all all timeframes, but is meant for timeframes below 4 hours.
Attrition Scalper v2.0Green/Red Arrowed Buy/Sell signals are just simple buy sell signals based on SuperTrend, VWAP, Bollinger, Linear Regression
Purple Arrowed Buy/Sell Signals happen when the price/candle cross over or under the yellow outer lines (4.236 fib lines) It's extremely rare and hard for price to stay above these lines therefore we can usually and comfortably buy/sell it, a key information here though when price pumps or dumps super fast and hard to the point of crossing these borders, the trend might also be extremely strong and continous so even if the price temporarily goes back inside the borders as the lines expand over time price can continue riding or crossing these lines back again and continue the uptrend/downtrend, therefore crossing these outer borders doesn't necessarilly and always mean a reversal is due.
When analyzing the instrument you're trading the important factors for support/resistance areas are usually the outer lines like i said previously it's super hard for price to be outside these and will almost always get back inside quickly. The Middle thicker green/red line which is Variable Index Dynamic Average should also be a nice pivot line for major support and resistance . All the other lines are also important dynamic support/resistance lines.
Their Importance Order
1- Outer Yellow Line (4.236 Fibs)
2- Thicker Middle Green/Red Line (VIDYA)
3- Thinner Upper/Lower Green/Red Line (VIDYA +3, VIDYA -3)
4- The Rest Of The Lines (Fib Lines)
You can use this indicator in any market condition in any market to determine key support/resistance levels, use it for mean reversion through price expanding to outside of the most outer line therefore being overbought/oversold basically using the purple buy/sell signals or only follow the normal buy/sell signals or use it in confluence with each other. You can also use this indicator in confluence with your own manual technical analysis or other indicators/strategies you are already using and are comfortable with.
A good part is the support/resistance lines from timeframe to timeframe pictures the whole situation quite well, you can use lower timeframe to find your entry/exit positions and higher timeframe to find your key support/resistance points, they all should be somewhat in confluence from timeframe to timeframe anyways. My recommendation would be to look at 1HR, 4HR and 1D charts for swing trading and 5-15 Min for quick scalping/day trading
You should still probably at least take a look to higher timeframes so that you don't get burned when you realize there is a huge resistance line at price XXXXX on the 4 hour chart but you're expecting it to go above it on the 5 minute chart, it can go above it temporarily but we analyze everything on a closing basis so it most likely won't close above it. Again don't take a position or FOMO when price breaks a support/resistance line, we're looking for a CLOSE above/below them and a retest to see if S/R flip happened would even be better.
Sometimes the most outer line won't be the 4.236 (Yellow) lines as when it gets quite volatile the Thinner Upper/Lower Green/Red Lines (VIDYA +3, VIDYA-3) might cross them to be the most outer line, in this case i have observed that the trend is extremely strong this time price almost always doesn't go above or below the VIDYA line but can stay outside of the Yellow 4.236 Fib line for an extended amount of time (price will still get back inside the channel relatively quickly, just not as fast as the normal condition)
With Proper Risk Management and Discipline this indicator can be of great use to you as it's surprisingly successful especially at mean reversion and pointing out the support/resistance lines, they are so much more successful than your average MA/EMA lines.
Scalper RibbonThis Scalper Ribbon is a combination of 6 different oscillators with a sprinkle of secret sauce . It’s smoothed out so it’s easy to read, but is quick enough to catch reversals early and helps you spot divergences. It will turn green or red according to the bullish or bearish nature of the ticker you are viewing without all of the noise that most oscillators give you.
It combines price action, momentum, rsi and a few other oscillators together to give an overall trend strength line that is smoothed out and coupled with a moving average to make it less noisy. Use it as an identifier of the underlying trend so you can make better decisions on scalp trades as well as swing trades on longer timeframes. Wait for the ribbon to break out/down from the middle blue range to avoid chop and get in when price is actually moving.
***HOW TO USE***
Find tops and bottoms of the market by looking for reversals in the ribbon when it is either very high or very low. The white line is the midline and the ribbon is overall bullish when above the midline and overall bearish when below the midline. There are also two blue lines just above and below the midline that is a buffer area I like to call the neutral range. When the ribbon is in the neutral range, expect indecision in the market and look for the ribbon to break out or down from that range for continuation of a trend. The farther away from the neutral range the ribbon is, the stronger the trend is. Take a look at how it performs across multiple timeframes and tickers and get a feel for it before using it in your strategy. It will help you spot reversals early and show you hidden divergences in price action before the reversals happen.
***CUSTOMIZATION***
You can adjust the length of the oscillators and the moving average ribbon to be faster or slower to suit your preferences. The lower the number used, the faster it will detect changes, but the more noise it will have. The higher the number used, the slower it will detect changes, but there will be less noise and easier to follow.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This Scalper Ribbon indicator can be used on all timeframes.
Ultra Moving Average Rating Trend StrategyThis is a technical analysis strategy based initially on the rating strategy, but fully adapted and converted to moving average rating.
In this case we are using: Ichimoku, SMA, EMA, ALMA, SMMA, LSMA, VWMA, DEMA, HMA, KAMA FRAMA, VIDYA, JMA, TEMA, ZLEMA, TRIMA and T3 moving averages.
With all of them together I am making an index.
Rules for entry and exit:
If % percentage of all the moving averages is telling to go long , we go long or exit short. And viceversa for short.
If there are any questions, please let me know !
Bollinger Bands Scalper + VWAPGet more consistent scalps by trading in-between Bollinger Band Deviations.
FEATURES:
1) 3 Bollinger Bands with default settings to 1, 2, and 3 deviations for more consistent scalps
2) Trendicator: a dynamic color changing moving average that helps you see trend quickly
3) Robust VWAP tool with up to 3 different deviations as well as different anchor points to help you see strong support and resistances
4) Calming "purple cloud" color palette helps you focus on price action
5) Discover new trading strategies with a wide range of customizability
Optimal Confidence Scalper [OCS]Introduction
OCS : Optimal Confidence Scalpers, Utilise the computational approach towards finding confidence estimating in signal generating process, It helps u enter and exit the financial markets quickly, It buy and sell many times in a day with the objective of making consistent profits from incremental movements in the traded security's price. As we all know Lag is very undesirable because a trading system. Late trades can many times be worse than no trades at all, Main aim of the System is to find optimal Entry and Exit points for a successful trade
Mathematics behind the indicator
The indicator use two fundamentals pillars :
Estimation of a Confidence Interval
In frequentist statistics, a confidence interval (CI) is a range of estimates for an unknown parameter. A confidence interval is computed at a designated confidence level; the 95% confidence level is most common, but other levels, such as 90% or 99%, are sometimes used.
Desired properties are Validity, Optimality and Invariance
Polynomial Filters
The polynomial filters are based on the orthogonal polynomials of Legendre and Laguerre. Orthogonal polynomials are widely used in applied mathematics, physics and engineering, and the Legendre and Laguerre polynomials are only two of infinitely many sets, each of which has its own weight function.
They can be characterized in three equivalent ways:
1. They are the optimal lowpass filters that minimize the NRR, subject to additional constraints than the DC unity-gain condition
2. They are the optimal filters that minimize the NRR whose frequency response H(ω) satisfies certain flatness constraints at DC
3. They are the filters that optimally fit, in a least-squares sense, a set of data points to polynomials of different degrees.
The System uses Predictive Differentiation Filters, as subset to Polynomial Filters
Components of the System
Buy Signal and Sell Signals
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=====================------ HOW TO USE IT
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ENTRY and EXITS
Momentum Bands
Confidence Levels
Indicator Properties
Provision For Alerts
1. Buy Signal Alert
2. Sell Signal Alert
3. Exit Alert if in Buy Trade
4. Exit Alert if in Sell Trade
Some Examples
What TimeFrames To Use
U can use any Timeframe, The indicator is Adaptive in Nature,
I personally use timeframes such as : 1m, 5m 10m, 15m, ..... 1D, 1W
How to Access
U will need to privately message me.
use comment box for constructive comments
Thanks
Relative Andean ScalpingThis is an experimental signal providing script for scalper that uses 2 of open source indicators.
First one provides the signals for us called Andean Oscillator by @alexgrover . We use it to create long signals when bull line crosses over signal line while being above the bear line. And reverse is true for shorts where bear line crosses over signal line while being above bull line.
Second one is used for filtering out low volatility areas thanks to great idea by @HeWhoMustNotBeNamed called Relative Bandwidth Filter . We use it to filter out signals and create signals only when the Relative Bandwith Line below middle line.
The default values for both indicators changed a bit, especially used linreg values to create relatively better signals. These can be changed in settings. Please be aware that i did not do extensive testing with this indicator in different market conditions so it should be used with caution.
Customizable Non-Repainting HTF MACD MFI Scalper Bot StrategyThis script was originally shared by Wunderbit as a free open source script for the community to work with.
WHAT THIS SCRIPT DOES:
It is intended for use on an algorithmic bot trading platform but can be used for scalping and manual trading.
This strategy is based on the trend-following momentum indicator . It includes the Money Flow index as an additional point for entry.
HOW IT DOES IT:
It uses a combination of MACD and MFI indicators to create entry signals. Parameters for each indicator have been surfaced for user configurability.
Take profits are fixed, but stop loss uses ATR configuration to minimize losses and close profitably.
HOW IS MY VERSION ORIGINAL:
I started trying to deploy this script myself in my algorithmic trading but ran into some issues which I have tried to address in this version.
Delayed Signals : The script has been refactored to use a time frame drop down. The higher time frame can be run on a faster chart (recommended on one minute chart for fastest signal confirmation and relay to algotrading platform.)
Repainting Issues : All indicators have been recoded to use the security function that checks to see if the current calculation is in realtime, if it is, then it uses the previous bar for calculation. If you are still experiencing repainting issues based on intended (or non intended use), please provide a report with screenshot and explanation so I can try to address.
Filtering : I have added to additional filters an ABOVE EMA Filter and a BELOW RSI Filter (both can be turned on and off)
Customizable Long and Close Messages : This allows someone to use the script for algorithmic trading without having to alter code. It also means you can use one indicator for all of your different alterts required for your bots.
HOW TO USE IT:
It is intended to be used in the 5-30 minute time frames, but you might be able to get a good configuration for higher time frames. I welcome feedback from other users on what they have found.
Find a pair with high volatility (example KUCOIN:ETH3LUSDT ) - I have found it works particularly well with 3L and 3S tokens for crypto. although it the limitation is that confrigurations I have found to work typically have low R/R ratio, but very high win rate and profit factor.
Ideally set one minute chart for bots, but you can use other charts for manual trading. The signal will be delayed by one bar but I have found configurations that still test well.
Select a time frame in configuration for your indicator calculations.
Select the strategy config for time frame. I like to use 5 and 15 minutes for scalping scenarios, but I am interested in hearing back from other community memebers.
Optimize your indicator without filters (trendFilter and RSI Filter)
Use the TrendFilter and RSI Filter to further refine your signals for entry. You will get less entries but you can increase your win ratio.
I will add screenshots and possibly a video provided that it passes community standards.
Limitations: this works rather well for short term, and does some good forward testing but back testing large data sets is a problem when switching from very small time frame to large time frame. For instance, finding a configuration that works on a one minute chart but then changing to a 1 hour chart means you lose some of your intra bar calclulations. There are some new features in pine script which might be able to address, this, but I have not had a chance to work on that issue.
