Reddington SOL/ETH Scalp

Reddington Sol/Eth Scalp

Type: Indicator (manual trading helper, Pine v5)
Markets: Crypto futures (recommended: SOLUSDT Perp, ETHUSDT Perp)
Timeframes: 3–5 minutes
Style: Minimalist visual (triangles only) + static table with all levels

What it does

A clean intraday signal tool that locates VWAP pullback entries aligned with higher-timeframe trend and micro-trend quality.
On chart, it draws only entry triangles on the signal bar:

LONG: green triangle at high + 1×ATR

SHORT: red triangle at low − 1×ATR

All actionable numbers live in a static table (top-right):

Signal (LONG/SHORT)

Entry (TVH)

SL

TP1 (optional)

TP2 (main target)

RR (live while in trade; after exit shows last realized RR)

Signals/day (daily signal count)

When no position is open, cells are blank (except Signals/day and the last RR).

Signal logic (high level)

HTF Trend Agreement

EMA200 (1h) and EMA50 (15m) via request.security w/ lookahead_off.

Local Trigger

Price crosses VWAP in trend direction + EMA(5) vs EMA(9) confirmation.

Quality Filters

ATR/volatility band, Volume (SMA20), ADX threshold (micro-trend strength).

Sessions

EU + US windows enabled by default (UTC; configurable).

Anti-Overtrading

Cooldown after SL, daily caps for losers and total signals.

Default behavior: signals are confirmed on bar close (recommended). You may toggle intrabar confirmation in inputs, but use with caution.

How to trade it (manual process)

Timeframe: 3–5m
Symbols: SOL/ETH perpetuals (or other liquid pairs after tuning)

Wait for the triangle on the signal bar.

Read the table’s Entry (TVH): that’s your reference entry (default = close of the signal bar; or VWAP if VWAP-limit is enabled).

SL/TP levels in the table update automatically:

SL = Entry ± ATR × multiplier

TP2 = Entry ± ATR × multiplier

TP1 = 0.5 × TP2 (optional)

Manage risk per your plan (fixed % risk per trade recommended).

Use the RR line to assess reward vs risk; after exit, table keeps the last realized RR.

Respect cooldown and daily caps to avoid revenge trades.

Inputs (key settings)

Mode: Conservative / Balanced / Aggressive (presets for ADX, ATR multipliers, cooldown, daily caps)

Manual Override: customize any parameter on top of the preset

Sessions (UTC): EU window, US window toggles

ADX: period, min threshold

ATR: period; multipliers for SL and TP2; TP1 = 0.5×TP2 toggle

Anti-Overtrading: cooldown bars after SL; max losers/day; max signals/day

Execution:

Confirm on bar close (recommended ON)

VWAP-limit entry (maker idea; reduces slippage but fewer fills)

Alerts: enable + choose “only on bar close” if desired

Alerts (alertcondition)

This indicator provides alert conditions for:

ENTRY LONG

ENTRY SHORT

TP1

TP2

SL

Tip: Run alerts on bar close to avoid intrabar noise. Use your preferred routing to bots/notifications.

Recommended presets (Balanced mode, 3–5m)
SOL (SOLUSDT Perp)

3m

ADX: period 14, min 18–20

ATR: period 14 → SL = ATR × 0.70, TP2 = ATR × 0.90, TP1 = 0.5×TP2 (on)

Sessions: EU 08:00–16:00, US 13:30–20:30 (on)

Anti-overtrading: cooldown 3 bars; max losers/day 2; max signals/day 6

Execution: confirm on close = on; VWAP-limit = on

5m

ADX min ≈ 18, SL = ×0.75, TP2 = ×0.95

ETH (ETHUSDT Perp)

3m

ADX: period 14, min 18–20 (18 often enough on ETH)

ATR: period 14 → SL = ×0.65–0.70, TP2 = ×0.95–1.10 (start at 1.00; go 1.10 in strong trends)

TP1: optional (can be off for faster scalps)

Sessions: EU 08:00–16:00, US 13:30–20:30 (on)

Anti-overtrading: cooldown 3 bars; max losers/day 2; max signals/day 6

Execution: confirm on close = on; VWAP-limit = on

5m

SL = ×0.70, TP2 = ×1.00, ADX min ≈ 18

Day-to-day tweaks

High volatility: raise SL (SOL 0.80 / ETH 0.75), trim TP2 by ~0.05–0.10

Strong trends: increase TP2 by +0.10; keep VWAP-limit on

Flat market: raise ADX min by +2; reduce max signals/day

Pre-session checklist

3m/5m + Balanced preset

EU+US sessions on

SL×ATR / TP2×ATR / ADX min match current volatility

Confirm on close ON; VWAP-limit ON if you prefer maker entries

Cooldown & daily caps set

Repainting/behavior notes

Uses request.security(..., lookahead_off) and bar-close confirmation by default.

No repainting after bar close. If you disable “confirm on close,” intrabar triangles may appear/disappear—use with caution.

This is an indicator, not a strategy; it does not model fills/fees/leverage.

Limitations

Designed for manual trading; not an auto-execution system.

Filters may skip long flat/noisy periods — this is intended to preserve quality.

Performance depends on instrument behavior and your execution/risk rules.

Always forward-test on replay/paper before going live.

Disclaimer (for TradingView publication)

Educational tool only — not financial advice.
Futures and margin trading carry a high level of risk and may not be suitable for all investors. You can lose more than your initial investment. Past performance does not guarantee future results. The author and this script do not provide investment, legal, tax, or financial advice and shall not be liable for any loss or damage arising from the use of this indicator or reliance on the information provided. By using this script, you acknowledge that you are solely responsible for your trading decisions. Always do your own research and test on replay/paper before live trading.