Price Coil Expansion & Trap Detector✅ Title:
Price Coil Expansion & Trap Detector (PCE-TD)
⸻
✅ Updated Description:
The PCE-TD (Price Coil Expansion & Trap Detector) is a hybrid volatility and market structure indicator designed to identify three high-impact setups:
1. Price Coil Compression Zones
2. Breakout Buy/Sell Signals (Expansion Events)
3. False Breakout Traps (Bull/Bear Fakes)
⸻
🔍 Core Concepts & Signal Logic
✅ 1. Price Coil Detection (Compression Phase)
• Highlights tight-range zones where price volatility shrinks and candles display smaller bodies with larger wicks.
• Criteria used:
• Consecutive shrinking bodies (customizable)
• High average wick-to-body ratio
• Coil zone must be tighter than recent range average
• These zones are shaded in gray on the chart to signal potential buildup before explosive movement.
⸻
✅ 2. Breakout Expansion Signals
Triggered when price breaks out of the coil zone with strong body momentum, optional volume spike, and optional EMA filter.
🔺 Signal: Buy↑ (Green Triangle Up)
• Appears below bar
• Triggers when:
• Price breaks above coil high
• Candle body exceeds average × user-defined multiplier
• Volume spike (if enabled)
• Trend filter (optional EMA confirmation)
🔻 Signal: Sell↓ (Red Triangle Down)
• Appears above bar
• Triggers when:
• Price breaks below coil low
• Candle body exceeds threshold
• Optional volume and trend confirmation
💬 Alerts Triggered:
• PCE-TD: Coil breakout UP
• PCE-TD: Coil breakout DOWN
These will be sent via TradingView’s alert system if configured using alert conditions.
⸻
✅ 3. False Breakout Detector (Trap Finder)
Identifies fake breakouts that fail within the next X bars and re-enter the prior range.
❌ False Bullish Breakout:
• Printed as Red X (above bar)
• Also subtly highlights background red
❌ False Bearish Breakout:
• Printed as Green X (below bar)
• Background turns green
These help avoid chasing traps and improve timing accuracy after failed breakouts.
⸻
⚙️ Customization Parameters:
• Coil Window Length, Shrinking Body Count, Wick-to-Body Ratio
• Volume Spike Multiplier
• EMA Trend Filter
• Range Lookback and Trap Detection Window
• Enable/disable zones, signals, and trap markers
⸻
🧠 Designed For:
• Breakout traders
• Volatility compression pattern followers
• Traders avoiding fake breakouts
• Scalpers and swing traders alike
Scalptrading
Yaman's Scalper Pro V.1 ✅This is just a quick scalping guide.
Enter based on your own Trading Strategies.
Please Do Not blindly place Trade Entries without Checking the Real Market Trend.
USE IT ON ANY TIME FRAMES,
BEST TO USE M1, M3 & M5 TIME FRAMES.
ENTRY RULES.
WAIT FOR ONE CANDLE TO CLOSE PROPER, OTHERWISE IT MIGHT REPAINT.
SELL ENTRY ---> RED COLOR
SELL EXIT ---> ORANGE COLOR
BUY ENTRY ---> GREEN COLOR
BUY EXIT ---> BLUE COLOR
HAPPY TRADING!!!
Thanks
Yaman Didi
29/04/2025
OI Open Interest Explosion + RSI Pullback Entries🚀 DrScalpLove OI Explosion (Core Exchanges, All USD/USDT/USDC) + RSI Pullback
Welcome to the official #DrScalpLove Open Interest Explosion indicator—your advanced momentum filter for crypto scalping and trend trading!
Features:
• Aggregated Open Interest: Sums up OI across Binance, OKX, Kraken, and BitMEX, covering all major pairs: USDT, USD, and USDC.
• OI Explosion Detection: Identifies “explosive” OI moves with three configurable spike detection algorithms (SMA, EMA, Percentile Rank)—pick your favorite and backtest!
• RSI Pullback Entries: Built-in RSI retest logic for high-probability mean reversion and trend-continuation signals.
• Exchange/Pair Data Table: Instantly see which exchanges and pairs are currently providing data for your chart.
• All calculations on main chart. Minimal, no-nonsense, no repaint, built for 1–5min and higher timeframes.
• Perfect for Copy Trading & Professional Scalpers: Join #DrScalpLove momentum traders or copy my trades directly (see link below)!
⸻
How to Use
1. Add to your chart.
2. Select your exchanges and OI aggregation logic in the indicator settings.
3. Use OI Explosion signals as a trend filter or trigger; combine with RSI Pullback for entry timing.
4. Check the status table to see live data availability for each exchange/pair.
5. Copy my trades or use as a watchlist filter to boost your win rate and avoid choppy zones.
⸻
👑 Follow, Like & Copy Trade
• Copytrade me on Binance: www.binance.com
• X (Twitter): @DrScalpLove2140
• Website: www.drscalplove.com
• Hashtag: #DrScalpLove
⸻
Disclaimer
This indicator is for educational purposes only. Crypto trading involves risk; always manage your exposure and never trade with money you can’t afford to lose.
⸻
**If you find value, smash that Like, Follow, and share with fellow traders!
Let’s scalp the future—together.
#DrScalpLove**
Ultimate Scalping Tool[BullByte]Overview
The Ultimate Scalping Tool is an open-source TradingView indicator built for scalpers and short-term traders released under the Mozilla Public License 2.0. It uses a custom Quantum Flux Candle (QFC) oscillator to combine multiple market forces into one visual signal. In plain terms, the script reads momentum, trend strength, volatility, and volume together and plots a special “candlestick” each bar (the QFC) that reflects the overall market bias. This unified view makes it easier to spot entries and exits: the tool labels signals as Strong Buy/Sell, Pullback (a brief retracement in a trend), Early Entry, or Exit Warning . It also provides color-coded alerts and a small dashboard of metrics. In practice, traders see green/red oscillator bars and symbols on the chart when conditions align, helping them scalp or trend-follow without reading multiple separate indicators.
Core Components
Quantum Flux Candle (QFC) Construction
The QFC is the heart of the indicator. Rather than using raw price, it creates a candlestick-like bar from the underlying oscillator values. Each QFC bar has an “open,” “high/low,” and “close” derived from calculated momentum and volatility inputs for that period . In effect, this turns the oscillator into intuitive candle patterns so traders can recognize momentum shifts visually. (For comparison, note that Heikin-Ashi candles “have a smoother look because take an average of the movement”. The QFC instead represents exact oscillator readings, so it reflects true momentum changes without hiding price action.) Colors of QFC bars change dynamically (e.g. green for bullish momentum, red for bearish) to highlight shifts. This is the first open-source QFC oscillator that dynamically weights four non-correlated indicators with moving thresholds, which makes it a unique indicator on its own.
Oscillator Normalization & Adaptive Weights
The script normalizes its oscillator to a fixed scale (for example, a 0–100 range much like the RSI) so that various inputs can be compared fairly. It then applies adaptive weighting: the relative influence of trend, momentum, volatility or volume signals is automatically adjusted based on current market conditions. For instance, in very volatile markets the script might weight volatility more heavily, or in a strong trend it might give extra weight to trend direction. Normalizing data and adjusting weights helps keep the QFC sensitive but stable (normalization ensures all inputs fit a common scale).
Trend/Momentum/Volume/Volatility Fusion
Unlike a typical single-factor oscillator, the QFC oscillator fuses four aspects at once. It may compute, for example, a trend indicator (such as an ADX or moving average slope), a momentum measure (like RSI or Rate-of-Change), a volume-based pressure (similar to MFI/OBV), and a volatility measure (like ATR) . These different values are combined into one composite oscillator. This “multi-dimensional” approach follows best practices of using non-correlated indicators (trend, momentum, volume, volatility) for confirmation. By encoding all these signals in one line, a high QFC reading means that trend, momentum, and volume are all aligned, whereas a neutral reading might mean mixed conditions. This gives traders a comprehensive picture of market strength.
Signal Classification
The script interprets the QFC oscillator to label trades. For example:
• Strong Buy/Sell : Triggered when the oscillator crosses a high-confidence threshold (e.g. breaks clearly above zero with strong slope), indicating a well-confirmed move. This is like seeing a big green/red QFC candle aligned with the trend.
• Pullbacks : Identified when the trend is up but momentum dips briefly. A Pullback Buy appears if the overall trend is bullish but the oscillator has a short retracement – a typical buying opportunity in an uptrend. (A pullback is “a brief decline or pause in a generally upward price trend”.)
• Early Buy/Sell : Marks an initial swing in the oscillator suggesting a possible new trend, before it is fully confirmed. It’s a hint of momentum building (an early-warning signal), not as strong as the confirmed “Strong” signal.
• Exit Warnings : Issued when momentum peaks or reverses. For instance, if the QFC bars reach a high and start turning red/green opposite, the indicator warns that the move may be ending. In other words, a Momentum Peak is the point of maximum strength after which weakness may follow.
These categories correspond to typical trading concepts: Pullback (temporary reversal in an uptrend), Early Buy (an initial bullish cross), Strong Buy (confirmed bullish momentum), and Momentum Peak (peak oscillator value suggesting exhaustion).
Filters (DI Reversal, Dynamic Thresholds, HTF EMA/ADX)
Extra filters help avoid bad trades. A DI Reversal filter uses the +DI/–DI lines (from the ADX system) to require that the trend direction confirms the signal . For example, it might ignore a buy signal if the +DI is still below –DI. Dynamic Thresholds adjust signal levels on-the-fly: rather than fixed “overbought” lines, they move with volatility so signals happen under appropriate market stress. An optional High-Timeframe EMA or ADX filter adds a check against a larger timeframe trend: for instance, only taking a trade if price is above the weekly EMA or if weekly ADX shows a strong trend. (Notably, the ADX is “a technical indicator used by traders to determine the strength of a price trend”, so requiring a high-timeframe ADX avoids trading against the bigger trend.)
Dashboard Metrics & Color Logic
The Dashboard in the Ultimate Scalping Tool (UST) serves as a centralized information hub, providing traders with real-time insights into market conditions, trend strength, momentum, volume pressure, and trade signals. It is highly customizable, allowing users to adjust its appearance and content based on their preferences.
1. Dashboard Layout & Customization
Short vs. Extended Mode : Users can toggle between a compact view (9 rows) and an extended view (13 rows) via the `Short Dashboard` input.
Text Size Options : The dashboard supports three text sizes— Tiny, Small, and Normal —adjustable via the `Dashboard Text Size` input.
Positioning : The dashboard is positioned in the top-right corner by default but can be moved if modified in the script.
2. Key Metrics Displayed
The dashboard presents critical trading metrics in a structured table format:
Trend (TF) : Indicates the current trend direction (Strong Bullish, Moderate Bullish, Sideways, Moderate Bearish, Strong Bearish) based on normalized trend strength (normTrend) .
Momentum (TF) : Displays momentum status (Strong Bullish/Bearish or Neutral) derived from the oscillator's position relative to dynamic thresholds.
Volume (CMF) : Shows buying/selling pressure levels (Very High Buying, High Selling, Neutral, etc.) based on the Chaikin Money Flow (CMF) indicator.
Basic & Advanced Signals:
Basic Signal : Provides simple trade signals (Strong Buy, Strong Sell, Pullback Buy, Pullback Sell, No Trade).
Advanced Signal : Offers nuanced signals (Early Buy/Sell, Momentum Peak, Weakening Momentum, etc.) with color-coded alerts.
RSI : Displays the Relative Strength Index (RSI) value, colored based on overbought (>70), oversold (<30), or neutral conditions.
HTF Filter : Indicates the higher timeframe trend status (Bullish, Bearish, Neutral) when using the Leading HTF Filter.
VWAP : Shows the V olume-Weighted Average Price and whether the current price is above (bullish) or below (bearish) it.
ADX : Displays the Average Directional Index (ADX) value, with color highlighting whether it is rising (green) or falling (red).
Market Mode : Shows the selected market type (Crypto, Stocks, Options, Forex, Custom).
Regime : Indicates volatility conditions (High, Low, Moderate) based on the **ATR ratio**.
3. Filters Status Panel
A secondary panel displays the status of active filters, helping traders quickly assess which conditions are influencing signals:
- DI Reversal Filter: On/Off (confirms reversals before generating signals).
- Dynamic Thresholds: On/Off (adjusts buy/sell thresholds based on volatility).
- Adaptive Weighting: On/Off (auto-adjusts oscillator weights for trend/momentum/volatility).
- Early Signal: On/Off (enables early momentum-based signals).
- Leading HTF Filter: On/Off (applies higher timeframe trend confirmation).
4. Visual Enhancements
Color-Coded Cells : Each metric is color-coded (green for bullish, red for bearish, gray for neutral) for quick interpretation.
Dynamic Background : The dashboard background adapts to market conditions (bullish/bearish/neutral) based on ADX and DI trends.
Customizable Reference Lines : Users can enable/disable fixed reference lines for the oscillator.
How It(QFC) Differs from Traditional Indicators
Quantum Flux Candle (QFC) Versus Heikin-Ashi
Heikin-Ashi candles smooth price by averaging (HA’s open/close use averages) so they show trend clearly but hide true price (the current HA bar’s close is not the real price). QFC candles are different: they are oscillator values, not price averages . A Heikin-Ashi chart “has a smoother look because it is essentially taking an average of the movement”, which can cause lag. The QFC instead shows the raw combined momentum each bar, allowing faster recognition of shifts. In short, HA is a smoothed price chart; QFC is a momentum-based chart.
Versus Standard Oscillators
Common oscillators like RSI or MACD use fixed formulas on price (or price+volume). For example, RSI “compares gains and losses and normalizes this value on a scale from 0 to 100”, reflecting pure price momentum. MFI is similar but adds volume. These indicators each show one dimension: momentum or volume. The Ultimate Scalping Tool’s QFC goes further by integrating trend strength and volatility too. In practice, this means a move that looks strong on RSI might be downplayed by low volume or weak trend in QFC. As one source notes, using multiple non-correlated indicators (trend, momentum, volume, volatility) provides a more complete market picture. The QFC’s multi-factor fusion is unique – it is effectively a multi-dimensional oscillator rather than a traditional single-input one.
Signal Style
Traditional oscillators often use crossovers (RSI crossing 50) or fixed zones (MACD above zero) for signals. The Ultimate Scalping Tool’s signals are custom-classified: it explicitly labels pullbacks, early entries, and strong moves. These terms go beyond a typical indicator’s generic “buy”/“sell.” In other words, it packages a strategy around the oscillator, which traders can backtest or observe without reading code.
Key Term Definitions
• Pullback : A short-term dip or consolidation in an uptrend. In this script, a Pullback Buy appears when price is generally rising but shows a brief retracement. (As defined by Investopedia, a pullback is “a brief decline or pause in a generally upward price trend”.)
• Early Buy/Sell : An initial or tentative entry signal. It means the oscillator first starts turning positive (or negative) before a full trend has developed. It’s an early indication that a trend might be starting.
• Strong Buy/Sell : A confident entry signal when multiple conditions align. This label is used when momentum is already strong and confirmed by trend/volume filters, offering a higher-probability trade.
• Momentum Peak : The point where bullish (or bearish) momentum reaches its maximum before weakening. When the oscillator value stops rising (or falling) and begins to reverse, the script flags it as a peak – signaling that the current move could be overextended.
What is the Flux MA?
The Flux MA (Moving Average) is an Exponential Moving Average (EMA) applied to a normalized oscillator, referred to as FM . Its purpose is to smooth out the fluctuations of the oscillator, providing a clearer picture of the underlying trend direction and strength. Think of it as a dynamic baseline that the oscillator moves above or below, helping you determine whether the market is trending bullish or bearish.
How it’s calculated (Flux MA):
1.The oscillator is normalized (scaled to a range, typically between 0 and 1, using a default scale factor of 100.0).
2.An EMA is applied to this normalized value (FM) over a user-defined period (default is 10 periods).
3.The result is rescaled back to the oscillator’s original range for plotting.
Why it matters : The Flux MA acts like a support or resistance level for the oscillator, making it easier to spot trend shifts.
Color of the Flux Candle
The Quantum Flux Candle visualizes the normalized oscillator (FM) as candlesticks, with colors that indicate specific market conditions based on the relationship between the FM and the Flux MA. Here’s what each color means:
• Green : The FM is above the Flux MA, signaling bullish momentum. This suggests the market is trending upward.
• Red : The FM is below the Flux MA, signaling bearish momentum. This suggests the market is trending downward.
• Yellow : Indicates strong buy conditions (e.g., a "Strong Buy" signal combined with a positive trend). This is a high-confidence signal to go long.
• Purple : Indicates strong sell conditions (e.g., a "Strong Sell" signal combined with a negative trend). This is a high-confidence signal to go short.
The candle mode shows the oscillator’s open, high, low, and close values for each period, similar to price candlesticks, but it’s the color that provides the quick visual cue for trading decisions.
How to Trade the Flux MA with Respect to the Candle
Trading with the Flux MA and Quantum Flux Candle involves using the MA as a trend indicator and the candle colors as entry and exit signals. Here’s a step-by-step guide:
1. Identify the Trend Direction
• Bullish Trend : The Flux Candle is green and positioned above the Flux MA. This indicates upward momentum.
• Bearish Trend : The Flux Candle is red and positioned below the Flux MA. This indicates downward momentum.
The Flux MA serves as the reference line—candles above it suggest buying pressure, while candles below it suggest selling pressure.
2. Interpret Candle Colors for Trade Signals
• Green Candle : General bullish momentum. Consider entering or holding a long position.
• Red Candle : General bearish momentum. Consider entering or holding a short position.
• Yellow Candle : A strong buy signal. This is an ideal time to enter a long trade.
• Purple Candle : A strong sell signal. This is an ideal time to enter a short trade.
3. Enter Trades Based on Crossovers and Colors
• Long Entry : Enter a buy position when the Flux Candle turns green and crosses above the Flux MA. If it turns yellow, this is an even stronger signal to go long.
• Short Entry : Enter a sell position when the Flux Candle turns red and crosses below the Flux MA. If it turns purple, this is an even stronger signal to go short.
4. Exit Trades
• Exit Long : Close your buy position when the Flux Candle turns red or crosses below the Flux MA, indicating the bullish trend may be reversing.
• Exit Short : Close your sell position when the Flux Candle turns green or crosses above the Flux MA, indicating the bearish trend may be reversing.
•You might also exit a long trade if the candle changes from yellow to green (weakening strong buy signal) or a short trade from purple to red (weakening strong sell signal).
5. Use Additional Confirmation
To avoid false signals, combine the Flux MA and candle signals with other indicators or dashboard metrics (e.g., trend strength, momentum, or volume pressure). For example:
•A yellow candle with a " Strong Bullish " trend and high buying volume is a robust long signal.
•A red candle with a " Moderate Bearish " trend and neutral momentum might need more confirmation before shorting.
Practical Example
Imagine you’re scalping a cryptocurrency:
• Long Trade : The Flux Candle turns yellow and is above the Flux MA, with the dashboard showing "Strong Buy" and high buying volume. You enter a long position. You exit when the candle turns red and dips below the Flux MA.
• Short Trade : The Flux Candle turns purple and crosses below the Flux MA, with a "Strong Sell" signal on the dashboard. You enter a short position. You exit when the candle turns green and crosses above the Flux MA.
Market Presets and Adaptation
This indicator is designed to work on any market with candlestick price data (stocks, crypto, forex, indices, etc.). To handle different behavior, it provides presets for major asset classes. Selecting a “Stocks,” “Crypto,” “Forex,” or “Options” preset automatically loads a set of parameter values optimized for that market . For example, a crypto preset might use a shorter lookback or higher sensitivity to account for crypto’s high volatility, while a stocks preset might use slightly longer smoothing since stocks often trend more slowly. In practice, this means the same core QFC logic applies across markets, but the thresholds and smoothing adjust so signals remain relevant for each asset type.
Usage Guidelines
• Recommended Timeframes : Optimized for 1 minute to 15 minute intraday charts. Can also be used on higher timeframes for short term swings.
• Market Types : Select “Crypto,” “Stocks,” “Forex,” or “Options” to auto tune periods, thresholds and weights. Use “Custom” to manually adjust all inputs.
• Interpreting Signals : Always confirm a signal by checking that trend, volume, and VWAP agree on the dashboard. A green “Strong Buy” arrow with green trend, green volume, and price > VWAP is highest probability.
• Adjusting Sensitivity : To reduce false signals in fast markets, enable DI Reversal Confirmation and Dynamic Thresholds. For more frequent entries in trending environments, enable Early Entry Trigger.
• Risk Management : This tool does not plot stop loss or take profit levels. Users should define their own risk parameters based on support/resistance or volatility bands.
Background Shading
To give you an at-a-glance sense of market regime without reading numbers, the indicator automatically tints the chart background in three modes—neutral, bullish and bearish—with two levels of intensity (light vs. dark):
Neutral (Gray)
When ADX is below 20 the market is considered “no trend” or too weak to trade. The background fills with a light gray (high transparency) so you know to sit on your hands.
Bullish (Green)
As soon as ADX rises above 20 and +DI exceeds –DI, the background turns a semi-transparent green, signaling an emerging uptrend. When ADX climbs above 30 (strong trend), the green becomes more opaque—reminding you that trend-following signals (Strong Buy, Pullback) carry extra weight.
Bearish (Red)
Similarly, if –DI exceeds +DI with ADX >20, you get a light red tint for a developing downtrend, and a darker, more solid red once ADX surpasses 30.
By dynamically varying both hue (green vs. red vs. gray) and opacity (light vs. dark), the background instantly communicates trend strength and direction—so you always know whether to favor breakout-style entries (in a strong trend) or stay flat during choppy, low-ADX conditions.
The setup shown in the above chart snapshot is BTCUSD 15 min chart : Binance for reference.
Disclaimer
No indicator guarantees profits. Backtest or paper trade this tool to understand its behavior in your market. Always use proper position sizing and stop loss orders.
Good luck!
- BullByte
Intraday Pivot Highs & Lows (Asia London NY)Intraday Pivot Highs & Lows (Asia London NY)
Script Description
This TradingView indicator is optimized for Forex, scalping, intraday, and day trading strategies. It accurately plots Pivot Points and levels, high/low, support and resistance levels. These are clearly identified to aid the trader during killzone sessions and session opens. Ideal for scalp trading, intraday sessions, and leveraging SMT (Smart Money Techniques). Utilize these Price Levels effectively during London Open, NY Open, and the Asia Session, utilizing Market Structure to pinpoint key levels and reversal zones for successful trading. Improve your Trade Setups, recognize reliable Chart Patterns, identify critical Price Pivots, and trade confidently off Institutional Levels.
This script marks the intraday pivot highs, lows and midpoints retracement levels for
Asia
London
New York
It also plots the previous day's high, low, midpoint, and 0.618 Fibonacci retracement levels, providing traders with critical price reference points for making intraday trading decisions.
Originality & Usefulness
This indicator uniquely integrates pivot calculations across three major Forex sessions (Asia, London, NY), clearly delineating session boundaries.
It enhances visibility by using distinct styling
solid for New York
dashed for London
dotted lines for Asia
And colour co-ordinated labeling, improving traders' ability to identify important intraday price action zones efficiently. Unlike standard pivot indicators, this script emphasizes session-specific trading dynamics.
### Key Features ###
Session-Based Levels: Automatically plots high, low, midpoint, and Fibonacci (.618) levels for each major session (Asia, London, NY).
Distinct Visual Cues: Lines and labels use session-specific styles and colors to easily differentiate between sessions.
Previous Day Reference: Clearly plots and labels yesterday's high, low, midpoint, and Fibonacci levels.
Flexible Visibility: Traders can set timeframe visibility to maintain clean charts on higher timeframes.
### How It Works
At the start of next day's session, previous session lines are cleared, ensuring the chart remains uncluttered.
High, low, midpoint, and Fibonacci retracement levels (.618) are dynamically calculated and displayed at the close of each session.
All session levels remain visible until the start of the next respective session, providing continuous actionable insights.
Trading Application:
Session highs and lows act as strong intraday support and resistance zones.
Midpoints and Fibonacci levels are effective for identifying potential reversal zones and retracements.
Daily levels provide a broader context, useful for gauging intraday volatility and range.
### Limitations and Considerations ##
Best used on liquid assets with clear session-based price action, such as Forex major pairs, if used on indexes make sure they contain 24 hour price action not just New York session.
This indicator is designed to streamline intraday trading by clearly marking essential pivot points and session-based levels, significantly improving traders' market context and decision-making accuracy. Can be used to enhance SMT decision making when scalping killzones.
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.
---
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.
---
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.
---
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
---
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
---
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
---
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.
---
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.
---
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.
---
Credits & References
- Pine Script v6, using TradingView’s built-in `ta.supertrend()`.
- TradingView House Rules: www.tradingview.com
Goodluck!
BullByte
Swing High/Low Scalper(Mastersinnifty)Overview
The Swing High/Low Scalper is designed for traders seeking structured entries and disciplined stop-loss planning during momentum shifts. It combines smoothed Force Index readings with swing high/low analysis to identify moments where both momentum and structural price levels align.
When a new directional bias is confirmed, the indicator plots clear entry signals and dynamically calculates the nearest logical stop-loss level based on recent swing points.
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Core Logic
- Force Index Bias Detection
- The Force Index (price × volume change) is smoothed with an EMA to determine sustained bullish or bearish momentum.
- Signal Memory and Noise Reduction
- The indicator remembers the last signal (buy/sell) and only triggers a new signal when the bias changes, helping avoid redundant entries in sideways or noisy conditions.
- Swing-based Stop-Loss Calculation
- Upon signal confirmation, the script automatically plots a stop-loss label near the most recent swing low (for buys) or swing high (for sells).
- If conditions are extreme, fallback safety checks are used to validate the stop-loss placement.
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Key Features
- Dynamic, structure-based stop-loss plots at every trade signal.
- Visual background bias:
- Green tint = Bullish bias
- Red tint = Bearish bias
- Minimalist and clean chart visualization for easy interpretation.
- Designed for scalability across timeframes (from 1-minutes to daily charts).
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Why It’s Unique
- Unlike simple momentum oscillators or swing indicators, this tool integrates a state-tracking mechanism.
- A signal is only generated when a true shift in directional force occurs and swing structure supports the move, seeking to catch only meaningful changes rather than every minor fluctuation.
- This dual-filter approach emphasizes quality over quantity, aiming for disciplined entries with risk levels derived from actual price behavior, not arbitrary formulas.
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How to Use
- Apply the Script to your desired chart and timeframe.
- Look for Signals:
- Green Up Arrow = Buy Signal
- Red Down Arrow = Sell Signal
- Observe Stop-Loss Labels
- Use the plotted SL labels for setting exit points based on recent swing structure.
- Monitor Background Bias:
- Green or Red background hints at prevailing directional momentum.
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Important Disclaimer
This tool is intended to assist technical analysis and trade planning.
It does not provide financial advice or guarantee any future performance.
Always use additional risk management practices when trading.
SynchroTrend Oscillator (STO) [PhenLabs]📊 SynchroTrend Oscillator
Version: PineScript™ v5
📌 Description
The SynchroTrend Oscillator (STO) is a multi-timeframe synchronization tool that combines trend information from three distinct timeframes into a single, easy-to-interpret oscillator ranging from -100 to +100.
This indicator solves the common problem of having to analyze multiple timeframe charts separately by consolidating trend direction and strength across different time horizons. The STO helps traders identify when markets are truly synchronized across timeframes, potentially indicating stronger trend conditions and higher probability trading opportunities.
Using either Moving Average crossovers or RSI analysis as the trend definition metric, the STO provides a comprehensive view of market structure that adapts to various trading strategies and market conditions.
🚀 Points of Innovation
Triple-timeframe synchronization in a single view eliminates chart switching
Dual trend detection methods (MA vs Price or RSI) for flexibility across different markets
Dynamic color intensity that automatically increases with signal strength
Scaled oscillator format (-100 to +100) for intuitive trend strength interpretation
Customizable signal thresholds to match your risk tolerance and trading style
Visual alerts when markets reach full synchronization states
🔧 Core Components
Trend Scoring System: Calculates a binary score (+1, -1, or 0) for each timeframe based on selected metrics, providing clear trend direction
Multi-Timeframe Synchronization: Combines and scales trend scores from all three timeframes into a single oscillator
Dynamic Visualization: Adjusts color transparency based on signal strength, creating an intuitive visual guide
Threshold System: Provides customizable levels for identifying potentially significant trading opportunities
🔥 Key Features
Triple Timeframe Analysis: Synchronizes three user-defined timeframes (default: 60min, 15min, 5min) into one view
Dual Trend Detection Methods: Choose between Moving Average vs Price or RSI-based trend determination
Adjustable Signal Smoothing: Apply EMA, SMA, or no smoothing to the oscillator output for your preferred signal responsiveness
Dynamic Color Intensity: Colors become more vibrant as signal strength increases, helping identify strongest setups
Customizable Thresholds: Set your own buy/sell threshold levels to match your trading strategy
Comprehensive Alerts: Six different alert conditions for crossing thresholds, zero line, and full synchronization states
🎨 Visualization
Oscillator Line: The main line showing the synchronized trend value from -100 to +100
Dynamic Fill: Area between oscillator and zero line changes transparency based on signal strength
Threshold Lines: Optional dotted lines indicating buy/sell thresholds for visual reference
Color Coding: Green for bullish synchronization, red for bearish synchronization
📖 Usage Guidelines
Timeframe Settings
Timeframe 1: Default: 60 (1 hour) - Primary higher timeframe for trend definition
Timeframe 2: Default: 15 (15 minutes) - Intermediate timeframe for trend definition
Timeframe 3: Default: 5 (5 minutes) - Lower timeframe for trend definition
Trend Calculation Settings
Trend Definition Metric: Default: “MA vs Price” - Method used to determine trend on each timeframe
MA Type: Default: EMA - Moving Average type when using MA vs Price method
MA Length: Default: 21 - Moving Average period when using MA vs Price method
RSI Length: Default: 14 - RSI period when using RSI method
RSI Source: Default: close - Price data source for RSI calculation
Oscillator Settings
Smoothing Type: Default: SMA - Applies smoothing to the final oscillator
Smoothing Length: Default: 5 - Period for the smoothing function
Visual & Threshold Settings
Up/Down Colors: Customize colors for bullish and bearish signals
Transparency Range: Control how transparency changes with signal strength
Line Width: Adjust oscillator line thickness
Buy/Sell Thresholds: Set levels for potential entry/exit signals
✅ Best Use Cases
Trend confirmation across multiple timeframes
Finding high-probability entry points when all timeframes align
Early detection of potential trend reversals
Filtering trade signals from other indicators
Market structure analysis
Identifying potential divergences between timeframes
⚠️ Limitations
Like all indicators, can produce false signals during choppy or ranging markets
Works best in trending market conditions
Should not be used in isolation for trading decisions
Past performance is not indicative of future results
May require different settings for different markets or instruments
💡 What Makes This Unique
Combines three timeframes in a single visualization without requiring multiple chart windows
Dynamic transparency feature that automatically emphasizes stronger signals
Flexible trend definition methods suitable for different market conditions
Visual system that makes multi-timeframe analysis intuitive and accessible
🔬 How It Works
1. Trend Evaluation:
For each timeframe, the indicator calculates a trend score (+1, -1, or 0) using either:
MA vs Price: Comparing close price to a moving average
RSI: Determining if RSI is above or below 50
2. Score Aggregation:
The three trend scores are combined and then scaled to a range of -100 to +100
A value of +100 indicates all timeframes show bullish conditions
A value of -100 indicates all timeframes show bearish conditions
Values in between indicate varying degrees of alignment
3. Signal Processing:
The raw oscillator value can be smoothed using EMA, SMA, or left unsmoothed
The final value determines line color, fill color, and transparency settings
Threshold levels are applied to identify potential trading opportunities
💡 Note:
The SynchroTrend Oscillator is most effective when used as part of a comprehensive trading strategy that includes proper risk management techniques. For best results, consider using the oscillator in conjunction with support/resistance levels, price action analysis, and other complementary indicators that align with your trading style.
Triple Confirmation Scalper v2 - Alarm CompatibleTriple Confirmation Scalper Strategy
A high-probability scalping strategy combining trend momentum, overbought/sold conditions, and volume confirmation to filter low-noise signals.
📊 Strategy Logic
Trend Direction
Dual EMA crossover (9 & 21 periods) for momentum and trend bias.
Overbought/Oversold Zones
RSI (14-period) to avoid entries at extremes.
Volume Spike Filter
OBV + 20-period volume average to confirm breakout validity.
Dynamic Risk Management
Stop-loss: Adaptive to recent price action (5-candle low/high ±1%).
Take-profit: 1.5% target (1.5:1 risk/reward).
🔍 Advanced Features
Precision VWAP (20-period, HLC3-based) for dynamic S/R levels.
Visual Aids:
EMA/VWAP bands + trend-colored background.
Volume spike alerts.
TradingView Alerts pre-configured for long/short signals.
⚙️ Default Settings
Commission: 0.1% factored into backtests.
Mode: Supports both long/short positions.
⚠️ Disclaimer
This is a technical analysis tool, not financial advice.
Past performance ≠ future results. Test thoroughly in a demo account.
Adjust parameters (e.g., EMA periods, RSI thresholds) to match your risk tolerance.
✅ TradingView Compliance Notes:
No exaggerated claims (e.g., "100% win rate").
Clear disclaimer included.
Focus on objective strategy logic (no promotional language).
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.
Money Flow Oscillator [BullByte]
Overview :
The Money Flow Oscillator is a versatile technical analysis tool designed to provide traders with insights into market momentum through the Money Flow Index (MFI). By integrating trend logic, dynamic support/resistance levels, multi-timeframe analysis, and additional indicators like ADX and Choppiness, this script delivers a detailed view of market conditions and signal strength—all while adhering to TradingView’s publication guidelines.
Key Features :
Money Flow Analysis :
Uses the MFI to assess buying and selling pressure, helping traders gauge market momentum.
Trend Switch Logic :
Employs ATR-based calculations to determine trend direction. The background color adjusts dynamically to signal bullish or bearish conditions, and a prominent center line changes color to reflect the prevailing trend.
Dynamic Support/Resistance :
Calculates oscillator support and resistance over a pivot lookback period. These levels help you identify potential breakouts or reversals as the MFI moves above or below prior levels.
Signal Metrics & Classifications :
Combines MFI values with additional metrics to classify signals into categories such as “Strong Bullish,” “Bullish,” “Bearish,” or “Strong Bearish.” An accompanying note provides details on momentum entry and overall signal strength.
Multi-Timeframe Order Flow Confirmatio n:
Analyzes the MFI on a higher timeframe to confirm order flow. This extra layer of analysis helps verify the short-term signals generated on your primary chart.
Volume and ADX Integration :
Incorporates volume analysis and a manual ADX calculation to further validate signal strength and trend stability. A dashboard displays these metrics for quick reference.
Choppiness Indicator :
Includes a choppiness index to determine if the market is trending or choppy. When the market is identified as choppy, the script advises caution by adjusting the overall signal note.
Comprehensive Dashboard :
A built-in dashboard presents key metrics—including ADX, MFI, order flow, volume score, and support/resistance details—allowing you to quickly assess market conditions at a glance.
How to Use :
Trend Identification : Monitor the dynamic background and center line colors to recognize bullish or bearish market conditions.
Signal Confirmation : Use the oscillator support/resistance levels along with the signal classifications and dashboard data to make informed entry or exit decisions.
Multi-Timeframe Analysis : Validate short-term signals with the higher timeframe MFI order flow confirmation.
Risk Management : Always combine these insights with your own risk management strategy and further analysis.
Disclaimer :
This indicator is provided for educational and informational purposes only. It does not constitute financial advice. Always perform your own analysis and use proper risk management before making any trading decisions. Past performance is not indicative of future results.
Scalping Strategy Signal v2 by [INFINITYTRADER]Overview
This Pine Script (v6) implements a scalping strategy that uses higher timeframe data (default: 4H) to generate entry and exit signals, originally designed for the 15-minute timeframe with an option for 30-minute charts. The "Scalping Strategy Signal v2 by " integrates moving averages, RSI, volume, ATR, and candlestick patterns to identify trading opportunities. It features adjustable risk management with ATR-based stop-loss, take-profit, and trailing stops, plus dynamic position sizing based on user-set capital. Trades trigger only on the higher timeframe candle close (e.g., 4H) to limit activity within the same period. This closed-source script offers a structured scalping approach, blending multiple entry methods and risk controls for adaptability across market conditions.
What Makes It Unique
Unlike typical scalping scripts relying on single-indicator triggers (e.g., RSI alone or basic MA crossovers), this strategy combines four distinct entry methods—standard MA crossovers, RSI-based momentum shifts, trend-following shorts, and candlestick pattern logic—evaluated on a 4H timeframe for confirmation. This multi-layered design, paired with re-entry logic after losses and a mix of manual, ATR-based, and trailing exits, aims to balance trade frequency and reliability. The higher timeframe filter adds precision not commonly found in simpler scalping tools, while the 30-minute option enhances consistency by reducing noise.
How It Works
Timeframe Logic
Runs on a base timeframe (designed for 15-minute charts, with a 30-minute option) while pulling data from a user-chosen higher timeframe (default: 4H) for signal accuracy.
Limits entries to the close of each 4H candle, ensuring one trade per period to avoid over-trading in volatile conditions.
Indicators and Data
Moving Averages : Employs 21-period and 50-period simple moving averages on the higher timeframe to detect trends and signal entries/exits.
Volume : Requires volume to exceed 70% of its 20-period average on the higher timeframe for momentum confirmation.
RSI : Uses a 14-period RSI for overbought/oversold filtering and a 6-period RSI for precise entry timing.
ATR : Applies a 14-period Average True Range on the higher timeframe to set adaptive stop-loss and take-profit levels.
Candlestick Patterns : Analyzes consecutive green or red 4H bars for trend continuation signals.
Why These Indicators
The blend of moving averages, RSI, volume, ATR, and candlestick patterns forms a robust scalping framework. Moving averages establish trend context, RSI filters momentum and avoids extremes, volume confirms market activity, ATR adjusts risk to volatility, and candlestick patterns enhance entry timing with price action insights. Together, they target small, frequent moves in flat or trending markets, with the 4H filter reducing false signals common in lower-timeframe scalping.
Entry Conditions
Four entry methods are evaluated at the 4H candle close:
Standard Long Entry: Price crosses above the 21-period moving average, volume exceeds 70% of its 20-period average, and the 1H 14-period RSI is below 70—confirms uptrend momentum.
Special Long Entry: The 6-period RSI crosses above 23, price is more than 1.5 times the ATR from the 21-period moving average, and price exceeds its prior close—targets oversold bounces with a stop-loss at the 4H candle’s low.
Short Entries:
- RSI-Based: The 6-period RSI crosses below 68 with volume support—catches overbought pullbacks.
- Trend-Based: Price crosses below the 21-period moving average, volume is above 70% of its average, and the 1H 14-period RSI is above 30—confirms downtrends.
Red/Green Bar Logic: Two consecutive green 4H bars for longs or red 4H bars for shorts—uses candlestick patterns for continuation, with a tight stop-loss from the base timeframe candle.
Re-Entry Logic
Long : After a losing special long, triggers when the 6-period RSI crosses 27 and price crosses the 21-period moving average.
Short : After a losing short, triggers when the 6-period RSI crosses 50 and price crosses below the 21-period moving average.
Purpose: Offers recovery opportunities with stricter conditions.
Exit Conditions
Manual Exits: Longs close if the 21-period MA crosses below the 50-period MA or the 1H 14-period RSI exceeds 68; shorts close if the 21-period MA crosses above the 50-period MA or RSI drops below 25.
ATR-Based TP/SL: Stop-loss is entry price ± ATR × 1.5 (default); take-profit is ± ATR × 4 (default), checked at 4H close.
Trailing Stop: Adjusts ±6x ATR from peak/trough, closing if price retraces within 1x ATR.
Special/Tight SL: Special longs exit if price opens below the 4H candle’s low; 4th method entries use the base timeframe candle’s low/high, checked every bar.
Position Sizing
Bases trade value on user-set capital (default: 100 USDT), dividing by the higher timeframe close price for dynamic sizing.
Visualization
Displays a table at the bottom-right with current/previous signals, TP/SL levels, equity, trading pair, and trade size—color-coded for clarity (green for buy, red for sell).
Inputs
Initial Capital (USDT): Sets trade value (default: 100, min: 1).
ATR Stop-Loss Multiplier: Adjusts SL distance (default: 1.5, min: 1).
ATR Take-Profit Multiplier: Adjusts TP distance (default: 4, min: 1).
Higher Timeframe: Selects analysis timeframe (options: 1m, 5m, 15m, 30m, 1H, 4H, D, W; default: 4H).
Usage Notes
Intended Timeframe: Designed for 15-minute charts with 4H confirmation for precision and frequency; 30-minute charts improve consistency by reducing noise.
Backtesting: Adjust ATR multipliers and capital to match your asset’s volatility and risk tolerance.
Risk Management: Combines manual, ATR, and trailing exits—monitor to avoid overexposure.
Limitations: 4H candle-close dependency may delay entries in fast markets; RSI/volume filters can reduce trades in low-momentum periods.
Backtest Observations
Tested on BTC/USDT (4H higher timeframe, default settings: Initial Capital: 100 USDT, ATR SL: 1.5x, ATR TP: 4x) across market conditions, comparing 15-minute and 30-minute charts:
Bull Market (Jul 2023 - Dec 2023):
15-Minute: 277 long, 219 short; Win Rate: 42.74%; P&L: 108%; Drawdown: 1.99%; Profit Factor: 3.074.
30-Minute: 257 long, 215 short; Win Rate: 49.58%; P&L: 116.85%; Drawdown: 2.34%; Profit Factor: 3.14.
Notes: Moving average crossovers and green bar patterns suited this bullish phase; 30-minute improved win rate and P&L by filtering weaker signals.
Bear Market (Jan 2022 - Jun 2022):
15-Minute: 262 long, 211 short; Win Rate: 44.4%; P&L: 239.80%; Drawdown: 3.74%; Profit Factor: 3.419.
30-Minute: 250 long, 200 short; Win Rate: 52.22%; P&L: 258.77%; Drawdown: 5.34%; Profit Factor: 3.461.
Notes: Red bar patterns and RSI shorts thrived in the downtrend; 30-minute cut choppy reversals for better consistency.
Flat Market (Jan 2021 - Jun 2021):
15-Minute: 280 long, 208 short; Win Rate: 51.84%; P&L: 340.33%; Drawdown: 9.59%; Profit Factor: 2.924.
30-Minute: 270 long, 209 short; Win Rate: 55.11%; P&L: 315.42%; Drawdown: 7.21%; Profit Factor: 2.598.
Notes: High trade frequency and P&L showed strength in ranges; 30-minute lowered drawdown for better risk control.
Results reflect historical performance on BTC/USDT with default settings—users should test on their assets and timeframes. Past performance does not guarantee future results and is shared only to illustrate the strategy’s behavior.
Why It Works Well in Flat Markets
A "flat market" lacks strong directional trends, with price oscillating around moving averages, as in Jan 2021 - Jun 2021 for BTC/USDT. This strategy excels here because its crossover-based entries trigger frequently in tight ranges. In trending markets, an exit might not be followed by a new entry without a pullback, but flat markets produce multiple crossovers, enabling more trades. ATR-based TP/SL and trailing stops capture these small swings, while RSI and volume filters ensure momentum, driving high P&L and win rates.
Technical Details
Built in Pine Script v6 for TradingView compatibility.
Prevents overlapping trades with long/short checks.
Handles edge cases like zero division and auto-detects the trading pair’s base currency (e.g., BTC from BTCUSDT).
This strategy suits scalpers seeking structured entries and risk management. Test on 15-minute or 30-minute charts to match your style and market conditions.
Scalping long-shortThe Scalping long-short indicator is a comprehensive system for analyzing candle patterns and trading volume, designed for use in a scalping strategy. The main purpose of the indicator is to identify the key points of changing market sentiment and provide the trader with accurate signals for entering a trade.
The main components of the indicator:
1. Candle Pattern Analysis:
The indicator analyzes four main candle patterns:
-A Bullish Hammer is a candle with a small body and a long lower tail, which indicates the possible completion of a downward movement and the beginning of an uptrend.
-Bearish Hanging Man is a candle similar to a bullish hammer, but it appears after an upward movement, signaling the possible beginning of a downtrend.
-Bullish Engulfing is a candle with a large body that completely covers the body of the previous candle, showing strong buyer interest.
-Bearish Engulfing is the reverse situation, when a large bearish candle absorbs the previous bullish candle, indicating the predominance of sellers.
-Doji is a candle with almost identical opening and closing prices, indicating market indecision.
For each of these patterns, the indicator sets certain threshold values that the user can adjust to their preferences and features of the trading instrument.
2. Volume analysis:
The volume is an important confirmation of the strength of the signal. The indicator compares the current volume with the average value for the user-selected period (length parameter) multiplied by the volumeMultiplier coefficient. If the current volume exceeds this indicator, the signal is considered confirmed.
3. Visual indication:
Graphical elements corresponding to each type of signal are displayed on the price chart.:
-The green triangle down is a buy signal (bullish hammer or bullish takeover).
-The red triangle up is a sell signal (bearish hanging or bearish engulfing).
-The yellow diamond is a neutral state (doji).
These visual cues help you quickly assess the current market situation without having to analyze each candle manually in depth.
4. Alerts:
The indicator supports setting alerts that can be sent via the TradingView platform or other supporting systems. This allows the trader to receive notifications about the occurrence of new signals even outside the workplace.
Settings:
The user can change the following settings:
-Length is the period for calculating the average volume.
-Multiplier is a multiplier for the thresholds of candle patterns.
-HammerThreshold, HangingManThreshold, EngulfingThreshold, DojiThreshold are Thresholds for recognizing specific candlestick patterns.
-VolumeMultiplier is a coefficient for comparing the current volume with the average value.
These parameters allow you to adapt the indicator to various trading instruments and time intervals, making it a universal tool for a wide range of traders.
Conclusion:
The Scalping long-short indicator combines powerful analytical tools to identify key points in the market, providing the trader with clear and timely signals for making trading decisions. Its flexibility and fine-tuning capability make it useful for both beginners and experienced market participants.
Johnny The Scalper - Momentum/Speed [by Oberlunar]The Johnny The Scalper indicator is designed to provide scalpers with insights into market momentum and speed dynamics by analyzing the price movement within candles. It calculates the "candle speed," defined as the range of a candle (high minus low) divided by the elapsed time in seconds since the candle opened. Users can customize the distance for comparison by specifying how many candles back the indicator should look when calculating the speed difference (`Diff`).
The script retrieves the speed of the specified candle from the past (`candle_speed_x`) and compares it to the speed of the current candle, calculating the difference (`speed_difference`). The indicator also identifies whether the current candle and the candle from the past are bullish (green) or bearish (red), using this information to interpret the dynamics of the difference.
If the difference is negative, it means the current candle's speed is slower than the reference candle's speed. A negative difference combined with candles of the same direction suggests a slowdown, while candles of opposite directions indicate a slowing reversal. A positive difference suggests that the current candle is faster. If the candles have the same direction, it signifies an acceleration in the current trend; if their directions differ, it indicates a faster reversal.
The results are displayed graphically as labels on the chart. Labels above the candles show the difference Diff with color-coded backgrounds based on the calculated dynamics:
orange for a slowdown in the same direction,
red for a slowing reversal,
green for acceleration in the same direction,
and blue for a faster reversal.
An additional label below the candle optionally displays the current candle's speed in real time. This indicator helps scalpers identify momentum shifts and potential reversals in a highly customizable manner, adapting to different trading strategies and timeframes.
Thrax - QuickStrike 5-Mins Scalping** Indicator Description **
1. Price Change Threshold (%) – The minimum price change required for a candle to be recognized as significant. Candles exceeding this threshold are considered potential candidates for zone creation. Default value for 5 min is 0.5%. As you move on higher timeframe the threshold should increase
2. Percentage Change for Zones (%) – The amount of price movement needed to form a dynamic support or resistance zone. Tweak this to control how sensitive the indicator is to price fluctuations. 5 min default value is 1%. For 15 min suggested is 2-3%.
3. Break Threshold for Zones (%) – Defines how much price must break above or below a zone for it to be removed from the chart/mitigated. Keeps the chart clean by removing invalidated zones. Default value is 0.1% in 5 min, for 15 min it is 0.5%.
4. Buy Zone Retracement Level (%) – The percentage retracement level for defining the inner buy zone within a broader bullish zone. Ideal for timing precision entries. Ideal value is 75%
5. Sell Zone Retracement Level (%) – The percentage retracement level used to determine the inner sell zone within a larger bearish zone. Helps in identifying potential reversal areas or exits. Ideal value is 25%
By tailoring these inputs, traders can fully customize the indicator to suit their scalping strategies, enhancing their ability to navigate fast-moving markets with confidence.
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There are two primary approaches for scalping using this indicator:
1. Candle-Based Scalping:
a. Bullish Signal: When you observe a bullish candle highlighted in blue (by default), you can consider entering a long position at the close of this candle. It’s advisable to wait for the candle to close before taking action. For a more aggressive scalp, you might take profits based on your scalp target after a few subsequent candles. If the price remains stagnant or moves unfavorably in the next few candles, you can exit with a small loss. Alternatively, if you have a higher risk tolerance, you may hold the position even if the price initially declines within a set percentage.
b. Bearish Signal: For a bearish candle highlighted in yellow, you can enter a short trade at the close of the candle. Similar to the bullish setup, you have the option to exit after a few candles if the price doesn’t move as expected or hold the position with a higher risk tolerance if the price goes up initially.
2. Zone-Based Scalping:
Entering Zones: Monitor the price as it enters a defined support or resistance zone. If you are open to higher risk, you can enter a trade immediately upon the price entering the zone. For a more cautious approach with a smaller stop loss, wait for the price to reach a retracement level within the zone before initiating your trade. This approach allows for a more precise entry but may result in missing out on trades if the price reverses before hitting the retracement level. Conversely, entering at the zone’s boundary offers the potential for early trade capture but comes with a higher stop loss risk.
Adjust these strategies based on your risk tolerance and trading preferences to optimize your scalping opportunities.
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.
Session Breakout Scalper Trading BotHi Traders !
Introduction:
I have recently been exploring the world of automated algorithmic trading (as I prefer more objective trading strategies over subjective technical analysis (TA)) and would like to share one of my automation compatible (PineConnecter compatible) scripts “Session Breakout Scalper”.
The strategy is really simple and is based on time conditional breakouts although has more ”relatively” advanced optional features such as the regime indicators (Regime Filters) that attempt to filter out noise by adding more confluence states and the ATR multiple SL that takes into account volatility to mitigate the down side risk of the trade.
What is Algorthmic Trading:
Firstly what is algorithmic trading? Algorithmic trading also known as algo-trading, is a method of using computer programs (in this case pine script) to execute trades based on predetermined rules and instructions (this trading strategy). It's like having a robot trader who follows a strict set of commands to buy and sell assets automatically, without any human intervention.
Important Note:
For Algorithmic trading the strategy will require you having an essential TV subscription at the minimum (so that you can set alerts) plus a PineConnecter subscription (scroll down to the .”How does the strategy send signals” headings to read more)
The Strategy Explained:
Is the Time input true ? (this can be changed by toggling times under the “TRADE MEDIAN TIMES” group for user inputs).
Given the above is true the strategy waits x bars after the session and then calculates the highest high (HH) to lowest low (LL) range. For this box to form, the user defined amount of bars must print after the session. The box is symmetrical meaning the HH and LL are calculated over a lookback that is equal to the sum of user defined bars before and after the session (+ 1).
The Strategy then simultaneously defines the HH as the buy level (green line) and the LL as the sell level (red line). note the strategy will set stop orders at these levels respectively.
Enter a buy if price action crosses above the HH, and then cancel the sell order type (The opposite is true for a stop order).
If the momentum based regime filters are true the strategy will check for the regime / regimes to be true, if the regime if false the strategy will exit the current trade, as the regime filter has predicted a slowing / reversal of momentum.
The image below shows the strategy executing these trading rules ( Regime filters, "Trades on chart", "Signal & Label" and "Quantity" have been omitted. "Strategy label plots" has been switched to true)
Other Strategy Rules:
If a new session (time session which is user defined) is true (blue vertical line) and the strategy is currently still in a trade it will exit that trade immediately.
It is possible to also set a range of percentage gain per day that the strategy will try to acquire, if at any point the strategy’s profit is within the percentage range then the position / trade will be exited immediately (This can be changed in the “PERCENT DAY GAIN” group for user inputs)
Stops and Targets:
The strategy has either static (fixed) or variable SL options. TP however is only static. The “STRAT TP & TP” group of user inputs is responsible for the SL and TP values (quoted in pips). Note once the ATR stop is set to true the SL values in the above group no longer have any affect on the SL as expected.
What are the Regime Filters:
The Larry Williams Large Trade Index (LWLTI): The Larry Williams Large Trade Index (LWTI) is a momentum-based technical indicator developed by iconic trader Larry Williams. It identifies potential entries and exits for trades by gauging market sentiment, particularly the buying and selling pressure from large market players. Here's a breakdown of the LWTI:
LWLTI components and their interpretation:
Oscillator: It oscillates between 0 and 100, with 50 acting as the neutral line.
Sentiment Meter: Values above 75 suggest a bearish market dominated by large selling, while readings below 25 indicate a bullish market with strong buying from large players.
Trend Confirmation: Crossing above 75 during an uptrend and below 25 during a downtrend confirms the trend's continuation.
The Andean Oscillator (AO) : The Andean Oscillator is a trend and momentum based indicator designed to measure the degree of variations within individual uptrends and downtrends in the prices.
Regime Filter States:
In trading, a regime filter is a tool used to identify the current state or "regime" of the market.
These Regime filters are integrated within the trading strategy to attempt to lower risk (equity volatility and/or draw down). The regime filters have different states for each market order type (buy and sell). When the regime filters are set to true, if these regime states fail to be true the trade is exited immediately.
For Buy Trades:
LWLTI positive momentum state: Quotient of the lagged trailing difference and the ATR > 50
AO positive momentum state: Bull line > Bear line (signal line is omitted)
For Sell Trades:
LWLTI negative momentum stat: Quotient of the lagged trailing difference and the ATR < 50
AO negative momentum state: Bull line < Bear line (signal line is omitted)
How does the Strategy Send Signals:
The strategy triggers a TV alert (you will neet to set a alert first), TV then sends a HTTP request to the automation software (PineConnecter) which receives the request and then communicates to an MT4/5 EA to automate the trading strategy.
For the strategy to send signals you must have the following
At least a TV essential subscription
This Script added to your chart
A PineConnecter account, which is paid and not free. This will provide you with the expert advisor that executes trades based on these strategies signals.
For more detailed information on the automation process I would recommend you read the PineConnecter documentation and FAQ page.
Dashboard:
This Dashboard (top right by defualt) lists some simple trading statistics and also shows when a trade is live.
Important Notice:
- USE THIS STRATEGY AT YOUR OWN RISK AND ALWAYS DO YOUR OWN RESEARCH & MANUAL BACKTESTING !
- THE STRATEGY WILL NOT EXHIBIT THE BACKTEST PERFORMANCE SEEN BELOW IN ALL MARKETS !
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.
BE - Volume Scalping ProDear Traders,
Here with presenting the new Indicator (Strategy) for scalping which is primarily built based on the the Volume Analysis.
Idea behind this Indicator: I am sure every trader would agree that Volume is one of the Leading indicator along with Price, and hence thought to use the same for scalping the trades. There is a direct co-relation between the price and volume and thereby used this as a base for arriving at strength of the volume pumped in. Indicator is working on the Logic of "What is the ROC in price for the volume dumped in and does ROC quantify the same which is happened in the recent past of x candles." In order to be successful in scalping trade, Accuracy, Risk to reward and Money Management is very much crucial and hence thought so much on this to make it happen.
Note: Accuracy here being profitable in the trade and not hitting the bulls eye all the time.
What this indicator is providing:
Based on the volume, ROC & Candle Thresholds and using the inputs provided for RISK and Money Management options, Indicator continuously scans for trading opportunities and provides alerts for possible trades.
Alerts & Notifications:
There are basically 3 types of Alerts provided one with General Notification and Other with Dhan HQ notifications to support Algo Trades and AlgoJi for supporting Algo trades too.
Self Declaration:
I have been testing the performance in 30 seconds and 1 min chart and I haven't faced any issues yet. I strongly recommend users to use the same in timeframe less than 10 Min only.
Enjoy!
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
Happy to receive suggestions and feedback in order to improve the performance of the indicator better.
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.
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
Gators Oscillator - Bitcoin Scalp Trader(T&M/e V3!!)Gator's Oscillator:
**For reference, all numbers, and settings displayed on the input screen are only what I HAVE FOUND to be profitable for my own strategy, Yours will differ. This is not financial advice and I am not a financial advisor. Please do your due diligence and own research before considering taking entries based on this strategy and indicator. I am not advertising investing, trading, or skills untaught, this is simply to help incorporate into your own strategy and improve your trading journey!**
INPUTS:
EV: This is an integer value set to default at 55. This value is equated to the lead value, volatility measurement, and standard deviation between averages
EV 2: This integer is used as the base value and is meant to always be GREATER THEN EV, the default is set at 163. There should be at least a 90+ integer difference between EVs for data accuracy.
EV TYPE & EV TYPE 2: This option only affects the output for the moving average histograms. (and data inserted for strategy)
Volatility Smoothing: This is the smoothness of the custom-made volatility oscillator. I have this default at 1 to show time-worthy-term (3.9%+) moves or significant trends to correspond with the standard deviation declination between EVMA and EVMA2.
Directional Length: This is the amount of data observed per candle in the bull versus bear indicator.
Take Profit: Pre-set takes profit level that is set to 4 but can be adjusted for user experience.
Style:
Base Length: Columns equated using a custom-made statistical equation derived from EV TYPE 2+EV2 to determine a range of differential in historic averages to a micro-scale.
Lead Length: Columns equated using a custom-made statistical equation derived from EV TYPE+EV to determine a range of differential in historic averages to a micro-scale.
Weighted EMA Differential: Equation expressing the differences between exponential and simple averages derived from EV+EV Type 2. Default is displaying none, but optional for use if found helpful.
Volatility: Represents volatility from multiple data sets spanning from Bollinger bands to HPV and translated through smoothing.
Bull Strength: The strength of Bulls in the current trend is derived from a DMI+RSI+MACD equation to represent where the trend lies.
Bear Strength: The strength of Bears in the current trend is derived from a DMI+RSI+MACD equation to represent where the trend lies.
(NEW) Standard Deviation between Moving Averages: Use this logarithmic indicator depicted as circles to help determine whether a move is a fake out or not. Compare the circles with the volatility line, if you see them deviating away, it is either a bull/bear trap or trend continuation is imminent until they correlate back together.
CHEAT CODE'S NOTES:
Do not use this indicator on high leverage. I have personally used this indicator for a week and faced a max of 8% drawdown, albeit painful I was on low leverage and still closed on my take profit level.
85% is not 100% do not overtrade using this indicator's entry conditions if you have made 4 consecutive profitable trades.
Mess around with the input values and let me know if you find an even BETTER hit rate, 30+ entries, and a good drawdown!!
V2 UPGRADES:
*Increased Opacity on Bull Bear Columns
*Removed the Stop Loss Input option
*Decreased EV2 to a default of 143 for accuracy
*Added additional disclaimers in the description
* Removed Bull/Bear offset values for accuracy
V3 UPGRADES:
*ADDED THE EMA DIFFERENTIAL FROM SMA STANDARD DEVIATION INDICATOR. REPRESENTED BY PURPLE BARS THAT PLOT BRIGHT AT EXTREME LEVELS (Translate this to the EMA's and SMA's are very far apart) This is a fantastic way to resolve volatility and momentum in one indicator!!
*Line Width increased for volatility
*plot's for Oversold Alma reduced to 3, also adjusted the plot shape to arrows corresponding to 'overbought/oversold values. Look for a cross-over from green/red plot to transparent for best signals.
*Histograms for bull/bear strength correspond to an increase or decrease in value
*Input screen converted into groups, with bull/bear color inline
*Converted base/lead length value's into areas with breaks. IF YOU SEE WHITE (Short/Lead Length), IT IS A SHORT TERM MOVE AND SCALPING OPPORTUNITY. IF YOU SEE BLUE(Long/Base Length) IT MEANS IT IS A MACRO MOVE, WHICH MAY LAST LONGER
-Cheat Code
BINANCE:BTCUSDT BYBIT:BTCUSDT COINBASE:BTCUSD
