AnchorPulse RWAP Universal ScalperWhat it is
AnchorPulse Scalper is an intraday indicator that reads price in real time through three ideas working together.
A live pivot engine that detects the current micro leg.
An Anchored Range Weighted Average Price that starts at each new leg or session.
An adaptive rhythm score that communicates a simple bias: Buy, Sell, or Wait.
The goal is clarity. You get one anchor line, soft bands that show stretch, discrete Buy and Sell marks, and a plain-language dashboard that says Trend, Phase, Bias, Momentum, Volatility, Stretch, ETA to next turn, and Regime. No external dependencies and no lookahead. It is designed for standard chart types on one to five minute timeframes across liquid symbols such as major FX, index futures, large cap stocks, and mainstream crypto pairs.
What makes it original
Most scalpers either track a fixed moving average or draw from a session VWAP. AnchorPulse does neither. The anchor resets at every new micro leg detected by a real time pivot engine that measures distance in units of ATR rather than in fixed points. This produces a responsive anchor that updates only when the market proves a leg has turned. On top of that, the rhythm timer keeps an average of how long legs usually last, so the indicator can treat the start and the end of a leg differently. Early in a leg it favors continuation signals. Late in a leg it watches for mean reversion. This mix of an ATR-based leg detector, a leg-anchored RWAP, and a rhythm aware bias is the core originality.
Plain explanation of the calculations
Pivot engine. While price travels up, the script tracks the highest high reached since the last pivot. If price pulls back from that extreme by at least a user defined fraction of ATR, the leg flips down. The reverse applies to down legs. The distance threshold is adaptive because ATR changes with volatility. A short cooldown in bars can prevent double flips on violent bars.
Anchored Range Weighted Average Price. From the first bar of each new leg the script accumulates a weighted average of the typical price, where the weight is the true range of each bar. The anchor can also reset at the start of a session and can ignore the very first session bar to avoid overweighting the open gap.
Progress and phase. The script measures how far price traveled from the last pivot relative to the reversal threshold. That is progress. At the same time it maintains an exponential average of leg duration in bars. The current leg age divided by that average is the age ratio. An age ratio below an adaptive early threshold means Early. Above an adaptive late threshold means Late. The thresholds drift with recent variability in leg length so they match the rhythm of the market.
Wick pressure and intrabar skew. Lower wick minus upper wick, normalized by ATR and smoothed, acts as tape pressure. The sign of close minus open, smoothed, is intrabar skew. They are combined into a compact momentum read.
Bands and stretch. The script computes the deviation of typical price from the anchor and builds soft bands around the anchor. Standard deviation is capped by a multiple of mean absolute error to avoid inflated bands just after a pivot.
Regime filter. You may optionally gate continuation entries when the higher timeframe EMA disagrees, or gate reversals when ADX shows strong trend.
Adaptive edge score. Progress and momentum are turned into percentile scores using a normal CDF of their rolling z scores. This yields a familiar zero to one hundred scale that is easier to read than raw values. Early in an up leg adds a small bonus to long bias. Early in a down leg adds a small bonus to short bias.
Gap cap. Signals are rejected if price is too far from the anchor. The cap is expressed as a fraction of price, which scales across symbols.
What you see on the chart
One white anchor line. Two transparent bands. Subtle green or orange background when a bias is active. Buy marks below bars and Sell marks above bars. Small triangles at pivots. Bar tint softly aligned with momentum. A compact table in the corner that tells you the state in plain language. On alert, a single JSON line can be sent to your alert channel with ticker, timeframe, trend, phase, bias, edge score, stretch, ETA in bars, and regime note.
How to use it in practice
Choose a liquid symbol and a one to five minute timeframe.
Keep the mode on Hybrid until you learn the personality of the market. If you notice long directional pushes, try Continuation mode. If you see frequent fades near the end of legs, try Reversal mode.
Read the table. Trend shows Up or Down according to the current leg. Phase shows Early, Mid, or Late from the rhythm timer. Bias shows Buy, Sell, or Wait once the signal rules and the gap cap are satisfied. Momentum reads Strong Up, Neutral, or Strong Down from wick pressure and skew. Volatility shows Calm, Average, or Wild relative to an ATR baseline. Stretch vs anchor prints the distance between close and the anchor as a percent of price. ETA shows how many bars remain to the average leg length if such a read is meaningful. Regime reflects the optional gate: None, HTF Up, HTF Down, Strong, or Soft.
Focus on the anchor. Continuation longs are stronger when price holds above the anchor in the first part of an up leg with positive momentum and adequate progress. Continuation shorts are the mirror case below the anchor. Reversal longs are stronger when a down leg is late, price crosses the anchor, and momentum flips positive. Reversal shorts are the mirror case in late up legs.
Respect the gap cap. When price is stretched far away from the anchor, skip signals and wait for re-alignment or a fresh leg.
Keep the chart clean. The script is designed to work on its own. If you add other tools, make sure they do not paint multiple backgrounds or heavy drawings that obscure the anchor and the bands.
Inputs explained with practical defaults
The script ships with sensible defaults and all inputs provide tooltips inside the indicator. The description here is included so traders who do not read code can still understand how to tune it.
Signal mode. Continuation uses early leg logic. Reversal uses late leg logic at anchor crosses. Hybrid allows both and lets the edge score decide.
ATR length and Pivot reversal in ATR. These govern flips. Shorter ATR and smaller reversal multiples yield faster turns and more signals. Longer and larger do the opposite. A middle ground such as ATR 50 with reversal 0.75 often reads well across liquid markets.
Rhythm smoothing length and Freeze bars after flip. The first sets how quickly the average leg length adapts. The second prevents double flips on wide bars. Values around 20 and 1 to 3 bars work well for most symbols.
Session hours, Session reset, and Skip first session bar. These are optional. Day sessions in equities can benefit from a reset and from skipping the first bar so the anchor is not dragged by the open gap. Round the session to your venue.
Wick pressure length and Intrabar skew length. They control how quickly the micro momentum reacts. Values between 6 and 12 for wick pressure and 4 to 10 for skew are common.
Early and Late thresholds and the Adaptive option. If you turn adaptation on, the thresholds drift with leg variability. The adaptiveness setting controls the strength of that drift.
Minimum progress and Maximum stretch vs anchor. The first ensures that continuation signals only occur once the leg moved a minimum distance from the last pivot. The second prevents chasing far from the anchor. As a rule, raise minimum progress when the market chops and reduce it on trend days. Keep stretch around one to two percent for many symbols, then adjust by product.
Regime filter. Higher timeframe EMA supports trend alignment. ADX supports a simple read on the strength of trend. Use one at a time or none, depending on your preference.
Adaptive scoring lookback. The percentile logic needs a modest window. Values near one hundred twenty bars tend to give stable ranks without lagging too much.
Band settings. Band length and width control the look of the soft channel around the anchor. The cap versus mean absolute error is there to keep the bands realistic just after flips.
Visual controls. Pick labels, triangles, or circles, and choose to mark only state changes if you prefer a very clean chart.
Why the dashboard uses plain language
Many traders prefer to reason in simple terms rather than in raw values. The table abstracts the math into natural categories such as Early versus Late, Calm versus Wild, or Strong Up versus Strong Down. The only numeric reads are Stretch and Edge score because these help in threshold decisions. Stretch is a percent of price so it scales across markets. Edge is a normalized score from zero to one hundred that reflects the combined progress, momentum, and phase. The table is intended to be the only element you need to glance at during a fast session once you learn the anchor and the band cues.
Design choices and integrity
No repaint. The script uses bar closes and standard Pine semantics with lookahead off in security calls. There are no offset tricks that move plotted values after the fact.
One background painter. Background tint is created by a single call to avoid vertical stripes.
Reset logic is explicit. The anchor resets at a pivot or at session start if that option is enabled. This is written to be transparent so you know why the anchor restarted.
Conservative defaults. Out of the box, the script is not tuned to over trade. It communicates bias rather than forcing entries.
Clean chart guidance. The tool is meant to be used on standard bars or candles. It is not intended for synthetic chart types such as Heikin Ashi, Renko, Kagi, Point and Figure, or Range for the purpose of signal generation.
How to read a few common situations
Breakout with strong follow through. Trend reads Up. Phase reads Early. Momentum reads Strong Up. Stretch sits inside the band. Bias shows Buy. This is the typical continuation long.
Extended push into exhaustion. Trend reads Up. Phase reads Late. Momentum cools. Stretch prints a high positive percent of price. Bias flips to Wait, sometimes to Sell after an anchor cross. This is the potential reversal short.
Mean reverting chop. Trend flips often. Phase hangs around Mid. Momentum flips sign frequently. Stretch hovers near zero. Bias often prints Wait. In this case you let the market speak and only act when the leg matures or when stretch spikes away from the anchor.
Trend day with strength. ADX filter reads Strong. Continuation is allowed. Reversal attempts are blocked. Bias favors the dominant direction.
Session open. If you selected a session reset and chose to skip the first bar, the anchor starts at the second bar and the first prints do not dominate the anchor.
Limits and realistic expectations
This indicator measures leg structure and micro pressure to suggest a bias. It is not a self-contained trading system. It does not size positions, pick stops, or set take profits. It does not promise accuracy or profits. In violent markets the pivot detector can flip and then flip back. Cooldown reduces this effect but cannot remove it. During news and illiquid hours the anchor can move very quickly. Wide slippage and spread can make any intraday approach impractical. These are standard realities of intraday trading and they also apply here.
Suggested workflows
Discretionary scalper. Keep the chart clean. Use the table to decide whether to engage, then work entries at the anchor or inside the band. Focus on position risk and a predefined stop level independent of the script.
Session specialist. If you trade a venue with strong sessions such as US equities or major FX sessions, enable the session reset. Many traders find the tool shines in the first two hours and the last hour of an active session.
Multi timeframe monitor. Keep AnchorPulse on one to five minutes and a simple higher timeframe EMA on a separate chart. If you prefer a single chart, switch the regime filter to HTF Trend and let the indicator handle it.
Alert driven workflow. Create alerts on Buy or Sell. The payload contains the essential context so you can log and review. Use the payload fields to build a small notebook of cases you like to take.
Why it is published as protected
The script contains original logic that relies on a compact set of calculations not commonly seen together. Publishing as protected keeps the logic intact while still giving the community full access through the Public Library.
Frequently asked questions
Does it repaint
No. The pivot flips on confirmed bars using ATR distance. The anchor, bands, and dashboard read from that state and do not shift after the bar closes.
What settings should I change first
Try the reversal distance in ATR and the minimum progress. These two govern how active or selective the tool becomes. If you see too many flips, raise the ATR multiple or the freeze bars. If you want faster action, lower them slightly.
What is a reasonable stretch cap
One to two percent of price is a useful starting point for many symbols. Thin products may need a larger cap. Extremely liquid products can often work with a smaller cap.
Should I use the regime filter
On days with persistent trend, the higher timeframe EMA filter or the ADX filter can help keep you with the flow. On rotational days, consider turning the filter off to allow more two sided action.
Can I use it on higher timeframes
The logic works on any timeframe, but the design and defaults target one to five minutes. If you go higher, adjust the ATR length, reversal distance, and rank lookback accordingly.
Can I combine it with volume
Yes. A simple volume filter that marks above average volume near the anchor can help you time entries. Keep the chart readable.
Risk notice and user responsibility
This indicator is a tool for research and education. It does not give investment advice, trade recommendations, or any guarantee of outcomes. All trading carries risk including the loss of capital. Past performance is not a reliable guide to future results. You are solely responsible for your trading decisions, for verifying that the indicator behaves as you expect on your data and platform settings, and for selecting appropriate risk controls such as position sizing, stops, and loss limits.
Summary
AnchorPulse Scalper is a concise way to read the market’s current leg, its anchor, and its rhythm. The pivot engine tells you direction. The leg-anchored RWAP shows where value sits for this micro move. The adaptive score simplifies momentum and progress into a familiar scale. The dashboard translates complex calculations into the plain words that scalpers actually use. If you prefer simple signals, enable alerts and let them flow into your log. If you prefer context, watch the anchor and bands as the leg evolves and let the rhythm guide your timing. Use it respectfully on a clean chart, stay realistic, and keep your own rules for risk.
Scalpingstrategy
XAUMO MEGABAR Detector]XAUMO MegaBar Detector – Breakout Candle Identification Tool
Purpose:
The XAUMO MegaBar Detector is built to highlight rare, high-impact candles where strong price movement and high trading volume occur together. These moments often reflect aggressive market activity and can be used to confirm potential breakouts or reversals.
How It Works (High-Level Overview)
The tool continuously monitors two primary conditions:
Price Expansion – Identifies large-bodied candles compared to recent averages.
Volume Expansion – Confirms that the move is supported by above-average trading activity.
When both conditions are present, the candle is marked:
🟢 Mega Bull – Strong bullish pressure.
🔴 Mega Bear – Strong bearish pressure.
Key Features
Automatic Timeframe Adjustment – Detection sensitivity changes based on chart timeframe, so results stay relevant from 1-minute scalps to multi-day swing setups.
Clear Visual Output – Significant candles are highlighted directly on the chart for easy recognition.
Optional Labels – Toggle on/off text labels (“Mega Bull” / “Mega Bear”) for a cleaner chart view.
Alert Integration – Set TradingView alerts to be notified immediately when a qualifying candle appears.
Universal Compatibility – Works on Forex, Commodities, Indices, Crypto, Stocks, ETFs, and Futures.
Practical Uses for Traders
As a confirmation tool when price approaches support/resistance or Fibonacci levels.
To filter low-quality setups by focusing only on moments where both price and volume confirm the move.
As part of a trend-following or breakout strategy when combined with other analysis methods.
Using the Indicator
Add the indicator to any chart and select your preferred timeframe.
Watch for highlighted candles – they indicate significant combined momentum and liquidity.
Use as a signal filter or confirmation alongside your existing trading system.
Optional: Set alerts to receive push/email/webhook notifications.
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📌 MEGA BAR TRADING CHEAT SHEET
Spot Big Money. Ride the Move.
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🧠 WHAT’S A MEGA BAR?
A Mega Bar is a candle so big it makes the rest look tiny — and it often means institutions are making a move.
Check the 4 Rules:
✅ Body size ≥ 2x average
✅ High relative volume (vs. last 20 bars)
✅ Closes near high (bull) or low (bear)
✅ Comes after sideways chop or price squeeze
📈 WHY IT MATTERS
Mega Bars = intent, not random spikes.
🟢 Mega Bull near support/Fib pullback → Likely accumulation
🔴 Mega Bear near resistance/Fib extension → Likely distribution or trap
🔧 HOW TO TRADE IT
1. WAIT FOR IT
No Mega Bar → No trade.
Mega Bull (big green) → BUY bias.
Mega Bear (big red) → SELL bias.
2. FIND THE SPOT
Fib levels: 61.8% / 78.6% / 138.2%
Major Support/Resistance
3. CONFIRM ON BIGGER TIMEFRAME
Example: 15M Mega Bar → Check 1H trend direction.
4. SET YOUR LEVELS
Stop-Loss:
Long → Below Mega Bull low (+0.2×ATR)
Short → Above Mega Bear high (+0.2×ATR)
Take-Profit:
Fib extensions: 127.2% / 161.8% / 261.8%
Prior highs/lows
5. RISK SMART
Risk 1–2% max per trade
Aim for 2:1+ R:R
🌍 WORKS ON:
Forex • Commodities • Stocks • Crypto • Indices
THE RETAILER’S FORMULA:
🟢 Big Green → Buy
🔴 Big Red → Sell
🎯 Fibs = Payday
One setup. One signal. Discipline = profit.
Williams R Zone Scalper v1.0[BullByte]Originality & Usefulness
Unlike standard Williams R cross-over scripts, this strategy layers five dynamic filters—moving-average trend, Supertrend, Choppiness Index, Bollinger Band Width, and volume validation —and presents a real-time dashboard with equity, PnL, filter status, and key indicator values. No other public Pine script combines these elements with toggleable filters and a custom dashboard. In backtests (BTC/USD (Binance), 5 min, 24 Mar 2025 → 28 Apr 2025), adding these filters turned a –2.09 % standalone Williams R into a +5.05 % net winner while cutting maximum drawdown in half.
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What This Script Does
- Monitors Williams R (length 14) for overbought/oversold reversals.
- Applies up to five dynamic filters to confirm trend strength and volatility direction:
- Moving average (SMA/EMA/WMA/HMA)
- Supertrend line
- Choppiness Index (CI)
- Bollinger Band Width (BBW)
- Volume vs. its 50-period MA
- Plots blue arrows for Long entries (R crosses above –80 + all filters green) and red arrows for Short entries (R crosses below –20 + all filters green).
- Optionally sets dynamic ATR-based stop-loss (1.5×ATR) and take-profit (2×ATR).
- Shows a dashboard box with current position, equity, PnL, filter status, and real-time Williams R / MA/volume values.
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Backtest Summary (BTC/USD(Binance), 5 min, 24 Mar 2025 → 28 Apr 2025)
• Total P&L : +50.70 USD (+5.05 %)
• Max Drawdown : 31.93 USD (3.11 %)
• Total Trades : 198
• Win Rate : 55.05 % (109/89)
• Profit Factor : 1.288
• Commission : 0.01 % per trade
• Slippage : 0 ticks
Even in choppy March–April, this multi-filter approach nets +5 % with a robust risk profile, compared to –2.09 % and higher drawdown for Williams R alone.
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Williams R Alone vs. Multi-Filter Version
• Total P&L :
– Williams R alone → –20.83 USD (–2.09 %)
– Multi-Filter → +50.70 USD (+5.05 %)
• Max Drawdown :
– Williams R alone → 62.13 USD (6.00 %)
– Multi-Filter → 31.93 USD (3.11 %)
• Total Trades : 543 vs. 198
• Win Rate : 60.22 % vs. 55.05 %
• Profit Factor : 0.943 vs. 1.288
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Inputs & What They Control
- wrLen (14): Williams R look-back
- maType (EMA): Trend filter type (SMA, EMA, WMA, HMA)
- maLen (20): Moving-average period
- useChop (true): Toggle Choppiness Index filter
- ciLen (12): CI look-back length
- chopThr (38.2): CI threshold (below = trending)
- useVol (true): Toggle volume-above-average filter
- volMaLen (50): Volume MA period
- useBBW (false): Toggle Bollinger Band Width filter
- bbwMaLen (50): BBW MA period
- useST (false): Toggle Supertrend filter
- stAtrLen (10): Supertrend ATR length
- stFactor (3.0): Supertrend multiplier
- useSL (false): Toggle ATR-based SL/TP
- atrLen (14): ATR period for SL/TP
- slMult (1.5): SL = slMult × ATR
- tpMult (2.0): TP = tpMult × ATR
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How to Read the Chart
- Blue arrow (Long): Williams R crosses above –80 + all enabled filters green
- Red arrow (Short) : Williams R crosses below –20 + all filters green
- Dashboard box:
- Top : position and equity
- Next : cumulative PnL in USD & %
- Middle : green/white dots for each filter (green=passing, white=disabled)
- Bottom : Williams R, MA, and volume current values
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Usage Tips
- Add the script : Indicators → My Scripts → Williams R Zone Scalper v1.0 → Add to BTC/USD chart on 5 min.
- Defaults : Optimized for BTC/USD.
- Forex majors : Raise `chopThr` to ~42.
- Stocks/high-beta : Enable `useBBW`.
- Enable SL/TP : Toggle `useSL`; stop-loss = 1.5×ATR, take-profit = 2×ATR apply automatically.
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Common Questions
- * Why not trade every Williams R reversal?*
Raw Williams R whipsaws in sideways markets. Choppiness and volume filters reduce false entries.
- *Can I use on 1 min or 15 min?*
Yes—adjust ATR length or thresholds accordingly. Defaults target 5 min scalping.
- *What if all filters are on?*
Fewer arrows, higher-quality signals. Expect ~10 % boost in average win size.
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Disclaimer & License
Trading carries risk of loss. Use this script “as is” under the Mozilla Public License 2.0 (mozilla.org). Always backtest, paper-trade, and adjust risk settings to your own profile.
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Credits & References
- Pine Script v6, using TradingView’s built-in `ta.supertrend()`.
- TradingView House Rules: www.tradingview.com
Goodluck!
BullByte
Smart Grid Scalping (Pullback) Strategy[BullByte]The Smart Grid Scalping (Pullback) Strategy is a high-frequency trading strategy designed for short-term traders who seek to capitalize on market pullbacks. This strategy utilizes a dynamic ATR-based grid system to define optimal entry points, ensuring precise trade execution. It integrates volatility filtering and an RSI-based confirmation mechanism to enhance signal accuracy and reduce false entries.
This strategy is specifically optimized for scalping by dynamically adjusting trade levels based on current market conditions. The grid-based system helps capture retracement opportunities while maintaining strict trade management through predefined profit targets and trailing stop-loss mechanisms.
Key Features :
1. ATR-Based Grid System :
- Uses a 10-period ATR to dynamically calculate grid levels for entry points.
- Prevents chasing trades by ensuring price has reached key levels before executing entries.
2. No Trade Zone Protection :
- Avoids low-volatility zones where price action is indecisive.
- Ensures only high-momentum trades are executed to improve success rate.
3. RSI-Based Entry Confirmation :
- Long trades are triggered when RSI is below 30 (oversold) and price is in the lower grid zone.
- Short trades are triggered when RSI is above 70 (overbought) and price is in the upper grid zone.
4. Automated Trade Execution :
- Long Entry: Triggered when price drops below the first grid level with sufficient volatility.
- Short Entry: Triggered when price exceeds the highest grid level with sufficient volatility.
5. Take Profit & Trailing Stop :
- Profit target set at a customizable percentage (default 0.2%).
- Adaptive trailing stop mechanism using ATR to lock in profits while minimizing premature exits.
6. Visual Trade Annotations :
- Clearly labeled "LONG" and "SHORT" markers appear at trade entries for better visualization.
- Grid levels are plotted dynamically to aid decision-making.
Strategy Logic :
- The script first calculates the ATR-based grid levels and ensures price action has sufficient volatility before allowing trades.
- An additional RSI filter is used to ensure trades are taken at ideal market conditions.
- Once a trade is executed, the script implements a trailing stop and predefined take profit to maximize gains while reducing risks.
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Disclaimer :
Risk Warning :
This strategy is provided for educational and informational purposes only. Trading involves significant risk, and past performance is not indicative of future results. Users are advised to conduct their own due diligence and risk management before using this strategy in live trading.
The developer and publisher of this script are not responsible for any financial losses incurred by the use of this strategy. Market conditions, slippage, and execution quality can affect real-world trading outcomes.
Use this script at your own discretion and always trade responsibly.
Pro Scalper AI [BullByte]The Pro Scalper AI is a powerful, multi-faceted scalping indicator designed to assist active traders in identifying short-term trading opportunities with precision. By combining trend analysis, momentum indicators, dynamic weighting, and optional AI forecasting, this tool provides both immediate and latched trading signals based on confirmed (closed bar) data—helping to avoid repainting issues. Its flexible design includes customizable filters such as a higher timeframe trend filter, and adjustable settings for ADX, ATR, and Hull Moving Average (HMA), giving traders the ability to fine-tune the strategy to different markets and timeframes.
Key Features :
- Confirmed Data Processing :
Utilizes a helper function to lock in price and volume data only from confirmed (closed) bars, ensuring the reliability of signals without the risk of intrabar repainting.
- Trend Analysis :
Employs ADX and Directional Movement (DI) calculations along with a locally computed HMA to detect short-term trends. An optional higher timeframe trend filter can further refine the analysis.
- Flexible Momentum Modes :
Choose between three momentum calculation methods—Stochastic RSI, Fisher RSI, or Williams %R—to match your preferred style of analysis. This versatility allows you to optimize the indicator for different market conditions.
- Dynamic Weighting & Volatility Adjustments :
Adjusts the contribution of trend, momentum, volatility, and volume through dynamic weighting. This ensures that the indicator responds appropriately to varying market conditions by scaling its sensitivity with user-defined maximum factors.
- Optional AI Forecast :
For those who want an extra edge, the built-in AI forecasting module uses linear regression to predict future price moves and adjusts oscillator thresholds accordingly. This feature can be toggled on or off, with smoothing options available for more stable output.
- Latching Mode for Signal Persistenc e:
The script features a latching mechanism that holds signals until a clear reversal is detected, preventing whipsaws and providing more reliable trade entries and exits.
- Comprehensive Visualizations & Dashboard :
- Composite Oscillator & Dynamic Thresholds : The oscillator is plotted with dynamic upper and lower thresholds, and the area between them is filled with a color that reflects the active trading signal (e.g., Strong Buy, Early Sell).
- Signal Markers : Both immediate (non-latching) and stored (latched) signals are marked on the chart with distinct shapes (circles, crosses, triangles, and diamonds) to differentiate between signal types.
- Real-Time Dashboard : A customizable dashboard table displays key metrics including ADX, oscillator value, chosen momentum mode, HMA trend, higher timeframe trend, volume factor, AI bias (if enabled), and more, allowing traders to quickly assess market conditions at a glance.
How to Use :
1. S ignal Interpretation :
- Immediate Signals : For traders who prefer quick entries, the indicator displays immediate signals such as “Strong Buy” or “Early Sell” based on the current market snapshot.
- Latched Signals : When latching is enabled, the indicator holds a signal state until a clear reversal is confirmed, offering sustained trade setups.
2. Trend Confirmation :
- Use the HMA trend indicator and the optional higher timeframe trend filter to confirm the prevailing market direction before acting on signals.
3. Dynamic Thresholds & AI Forecasting :
- Monitor the dynamically adjusted oscillator thresholds and, if enabled, the AI bias to gauge potential shifts in market momentum.
4. Risk Management :
- Combine these signals with additional analysis and sound risk management practices to determine optimal entry and exit points for scalping trades.
Disclaimer :
This script is provided for educational and informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Always perform your own analysis and use proper risk management strategies before trading.
LNL Scalper ArrowsLNL Scalper Arrows
The indicator consist of various different types of candlestick patterns that are truly time tested by multiple veteran traders. These arrows are a combination of short-term scalping strategies taught by Linda Raschke & a trader that goes by name Quant Trade Edge. These strategies/patterns occur regularly within the markets. They offer high probability quick moves during the trending days. These four patterns are based on pure price action, no oscillators, no trend, no momentum indicators involved. Trend (ema) is there just as a simple trend gauge.
LNL Scalper Arrows were designed specifically for intra-day trading. Mostly useful for the futures but also stocks as well. These arrows can work anywhere between the fast-moving 512 or 1600 tick charts to a 1min, 2min and up to 5min or 10min charts.
Trend Gauge (Exponential Moving Average)
Nothing fancy just a classic EMA that can guide the direction of the short-term trend. I have added a custom coloring of the EMA that is based on a simple RSI filter. That should help to visualize the non-directional moments within the trend. Although the length is adjustable, for scalping it is better to focus on smaller periods such as 9, 13 or 20 or 34 but anything above 50 loses its purpose as a short-term trend gauge. Again, this is a scalping tool not a trend tool, you are not going to get rid of the fakeouts by increasing the period of the trend.
Tail Arrows (Eat the Tail Pattern)
Tail is a candlestick that is either a price rejection spike, or a flag continuation pattern on a lower time frame. A failed action. It is basically a candle with much bigger wick (shadow) of the candle than the actual body. Such candles are usually telling us about strong participation from the other side of the market. Eat the tail pattern occurs whenever the low of the Tail candle is immediately broken on a following candle "the tail is eaten alive". Such a breaks occurs in a most aggressive types of markets with a strong momentum. DO NOT try to trade this in a low volume or a ranging market. Tail Arrows are the most aggressive arrows & should be only used on the highest volume or a parabolic momentum markets.
Scalp Arrows (Scallop Pattern)
Known as Scallops or minor lows or highs, these patterns are the most common within the all scalper arrows. They occur regularly on 1min & 5min charts - basically everyday. Scallops provide the best possible risk to reward entry within the trend without the need of any indicators or oscillators. The Scallop Up 3 bar pattern consist of a high that is lower that the previous high but also low that is lower than the previous low. Scallop Up or a minor low triggers when the last high is broken, creating a three bar mountain or a peak within the 5 bar span.
Hoagie Arrows (Hoagie Pattern)
Hoagies occur way less often than any other scalping patterns. Hoagies represent two (or more) inside candles within the shadow of a first candle. Such a formation is creating a small compression or a range that sooner or later breaks out. The hoagie is triggered whenever the high or low of the shadow (first) candle is broken. The great thing about the hoagies is that they can work either way despite the trend direction. Although this indicator is coded for the 2 bar hoagies, there are no limitations on how much inside bars can hoagie include.
Umbrella Arrows (Umbrella Pattern)
Another really awesome 3 bar pattern that is really fun to trade. Umbrella occurs when the candle before the previous candle is a pin bar or a tail bar and the body of the previous candle is within the shadow or a wick of the candle before. The umbrella is triggered once the high or low of the previous bar is broken. Umbrellas are more frequent than Hoagies but occur much less than the Scallops.
Outside Bar Wedges (Outside Bar Pattern)
Pretty much self-explanatory candlestick pattern. Outside Bar is basically any bar that peaks outside of the both ends of the previous candle. So the range of the candle is higher & it looked beyond the high and beyond the low of the previous candle. These candles are signalizing the potenial momentum change. Ouside Bars usually occur at the tops or bottoms of the moves. I decided to add them because they can serve as a great addition to these scalping patterns.
Signal vs. SignalBreak Mode
The trigger can be viewed in two different ways:
1. Signal: Plots the trigger before the trigger bar, basically right when the pattern is formed but NOT YET triggered. The signal is triggered once the next candle break the high or low of the current candle.
2. SignalBrake: Plots the trigger after the break of the high or low of the actual pattern. It is basically a candle after the signal candle. (Signal is better for trading because it gives you time to prepare for the actual break of the high or low = the actual signal. SignalBrake is great for looking back in history only for the patterns that actually traded).
Pin Bar BTW Ratio
Pin Bar (Body-To-Wick) Ratio represents the size of the body of a pin bar candle for Eat the Tail and Umbrella patterns. Pin Bar BTW Ratio measures the ratio between the wick & the body of the candle. Ref. interval is 2.0 - 5.0 (ideal pin bar is 2.0 - 3.0 = the wick or a shadow is 2x - 3x bigger than the body of the candle)
ATR Stop & Target Labels
I also created three simple labels (tables) that can show you the ideal target & stop as well as the current ATR. Since LNL Scalper Arrows consist of high probability scalping patterns, a good rule of thumb to follow is to use a half of the current ATR as a target and a current ATR as a stop (or two times the target). So if the current 7 period ATR is 30 the target would be 15 pts. and a stop around 30 pts. With such a risk management you should aim for a win rate 70% or higher. Obviously you can adjust the risk management in the settings to your personal preference.
Low Range vs. High Range Markets
There are two major downsides with the Scalper Arrows:
1. You need volume and a volatility. These patterns really do struggle in ranging "boring" sideways action. It is absolutely crucial to recognize the current market environment and really stay cautions and (or completely out) in case the chop continues. Adding something like DMI can help you recognize the potential flat markets.
2. Not only do you need volume & momentum, you also need a decent range. This indicator works better on a rangy market such as NQ futures or YM. But are much tougher to trade on lower range markets such as some stocks or ZB futures or basically any other lower range market.
Hope it helps.
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
RSI Divergence Strategywhat is "RSI Divergence Strategy"?
it is a RSI strategy based this indicator:
what it does?
it gives buy or sell signals according to RSI Divergences. it also has different variables such as "take profit", "stop loss" and trailing stop loss.
how it does it?
it uses the "RSI Divergence" indicator to give signal. For detailed information on how it works, you can visit the link above. The quantity of the inputs is proportional to the rsi values. Long trades are directly traded with "RSI" value, while short poses are traded with "100-RSI" value.
How to use it?
The default settings are for scalp strategy but can be used for any type of trading strategy. you can develop different strategies by changing the sections. It is quite simple to use.
RSI length is length of RSİ
source is source of RSİ
RSİ Divergence lenght is length of line on the RSI
The "take profit", "stop" and "trailing stop" parts used in the "buy" group only affect buys. The "sell" group is similarly independent of the variables in the "buy" group.
The "zoom" section is used to enlarge or reduce the indicator. it only changes the appearance, it does not affect the results of the strategy.