INVITE-ONLY SCRIPT
Universal Swing & Scalper
Hello Chart Warrior,
We always expect easy setups to trade in financial market. To make it easier for you, I am presenting my brand new indicator: "USS Prime" aka "Universal Swing & Scalper".
Though I was more focused on Gold when I started creating this indicator, you can use it for other assets as well. It is fully loaded with lots of features & filters. Let's break it down.
Inputs section is as below:
1. USS Mode: Aggressive & Balanced
I have set "Balanced" as default. With Aggressive mode you'll get early entries but it will also carry risk of false signals. With Balanced mode you get less but more reliable signals. Aggressive mode can be useful for scalping purpose.
2. EMA 200
EMA is fixed to 200 by default and is being used to find out the overall trend. EMA slope is used to identify if the asset is actually in trend and to avoid range. Higher the value of Slope, more strict parameter and vice versa. It is set to 0.05 by default, but you can reduce it for cryptocurrencies. It will check values of previous 10 bars for slope by default. You can change slope value & lookback period. Change only if you understand them. You can enable/disable EMA 200 Trend filter. EMA 200 slope is only applicable to Buy/Sell signals not to Up/Down arrows.
3. Filters
Total 4 filters are applied and all are toggleable.
You can use "HTF Trend" filter to check trend alignment on higher time frame with respect to chart time frame. So suppose you want to initiate Buy trade on 5m chart and you have set HTF trend to 1 Hour, then signal/arrow will not get produced if price of asset price is below 200 EMA on 1 hour time frame, even though all other criteria get fulfilled.
"Strong Candle" & "Strong volume" filter's criteria are internally coded and not available to modify. Still you can enable/disable them.
"Trend Strength" filter is very important in this indicator and it is highly recommended to not to turn it off, even though you disable all other filters. It will check trend strength across last 14 bars (candles). Trigger threshold for Trend Strength is set to 20 by default. Higher the value, higher the trend strength & strictness as well & vice versa. Do not increase it more then 25 & never lower it less then 17.
Imp Note: Out of all 4 filters "Strong Volume" is applicable to Buy/Sell only not to Up/Down Arrows. This is done intentionally to take maximum benefits of Arrows.
4. Signals
There are 2 types of signals available in this indicator, Buy/Sell & Up/Down Arrows. Both can be used for trading. You can enable/disable both of them. You can choose after how many bars Labels/Arrows will get displayed. For Buy/Sell it is set to 30 & Up/Down Arrows is set to 8 by default.
5. SL/TP Settings
Headache to decide SL & TP manually has been eliminated with auto SL/TP levels. SL/TP values & labels will be created automatically for Buy/Sell & Arrows. Multiplier for SL is set to 2 which is much required for volatile assets like Gold, you can reduce it to 1.5 for other low volatile asset as per your requirement. Risk Reward Ratio is applicable to 3rd TP. TP1 is set at 1R & TP2 at 2R of stop loss. Labels for Buy/Sell will be on left side of the bar while for Arrow it will be on right. When arrow & buy/sell appear simultaneously only right one will remain active.
History option is available to check SL/TP levels of previous trades if back to back trade opportunity appear as labels will be deleted once other signal appear or SL/TP3 get hit.
6. USS Divergence
This is one of the most special aspect of USS Prime crafted with amazing parameters. You just can't underestimate this, you will love it. This is great in identifying reversal and can also be helpful to exit partially or fully of any swing trade. Bars to check is set to 5 by default. For FX currency pairs you can change it to 6 or 7 max. Don't lower the value.
7. MTF Table
This can help to decide overall trend on 4 different time frames, which you can choose as per your need. This is being displayed on right top corner.
8. Colours
You can chose colour as per your taste for almost everything. (Buy/Sell Labels, Arrows, EMA, SL/TP Labels etc.. )
Have a Great Trading...
We always expect easy setups to trade in financial market. To make it easier for you, I am presenting my brand new indicator: "USS Prime" aka "Universal Swing & Scalper".
Though I was more focused on Gold when I started creating this indicator, you can use it for other assets as well. It is fully loaded with lots of features & filters. Let's break it down.
Inputs section is as below:
1. USS Mode: Aggressive & Balanced
I have set "Balanced" as default. With Aggressive mode you'll get early entries but it will also carry risk of false signals. With Balanced mode you get less but more reliable signals. Aggressive mode can be useful for scalping purpose.
2. EMA 200
EMA is fixed to 200 by default and is being used to find out the overall trend. EMA slope is used to identify if the asset is actually in trend and to avoid range. Higher the value of Slope, more strict parameter and vice versa. It is set to 0.05 by default, but you can reduce it for cryptocurrencies. It will check values of previous 10 bars for slope by default. You can change slope value & lookback period. Change only if you understand them. You can enable/disable EMA 200 Trend filter. EMA 200 slope is only applicable to Buy/Sell signals not to Up/Down arrows.
3. Filters
Total 4 filters are applied and all are toggleable.
You can use "HTF Trend" filter to check trend alignment on higher time frame with respect to chart time frame. So suppose you want to initiate Buy trade on 5m chart and you have set HTF trend to 1 Hour, then signal/arrow will not get produced if price of asset price is below 200 EMA on 1 hour time frame, even though all other criteria get fulfilled.
"Strong Candle" & "Strong volume" filter's criteria are internally coded and not available to modify. Still you can enable/disable them.
"Trend Strength" filter is very important in this indicator and it is highly recommended to not to turn it off, even though you disable all other filters. It will check trend strength across last 14 bars (candles). Trigger threshold for Trend Strength is set to 20 by default. Higher the value, higher the trend strength & strictness as well & vice versa. Do not increase it more then 25 & never lower it less then 17.
Imp Note: Out of all 4 filters "Strong Volume" is applicable to Buy/Sell only not to Up/Down Arrows. This is done intentionally to take maximum benefits of Arrows.
4. Signals
There are 2 types of signals available in this indicator, Buy/Sell & Up/Down Arrows. Both can be used for trading. You can enable/disable both of them. You can choose after how many bars Labels/Arrows will get displayed. For Buy/Sell it is set to 30 & Up/Down Arrows is set to 8 by default.
5. SL/TP Settings
Headache to decide SL & TP manually has been eliminated with auto SL/TP levels. SL/TP values & labels will be created automatically for Buy/Sell & Arrows. Multiplier for SL is set to 2 which is much required for volatile assets like Gold, you can reduce it to 1.5 for other low volatile asset as per your requirement. Risk Reward Ratio is applicable to 3rd TP. TP1 is set at 1R & TP2 at 2R of stop loss. Labels for Buy/Sell will be on left side of the bar while for Arrow it will be on right. When arrow & buy/sell appear simultaneously only right one will remain active.
History option is available to check SL/TP levels of previous trades if back to back trade opportunity appear as labels will be deleted once other signal appear or SL/TP3 get hit.
6. USS Divergence
This is one of the most special aspect of USS Prime crafted with amazing parameters. You just can't underestimate this, you will love it. This is great in identifying reversal and can also be helpful to exit partially or fully of any swing trade. Bars to check is set to 5 by default. For FX currency pairs you can change it to 6 or 7 max. Don't lower the value.
7. MTF Table
This can help to decide overall trend on 4 different time frames, which you can choose as per your need. This is being displayed on right top corner.
8. Colours
You can chose colour as per your taste for almost everything. (Buy/Sell Labels, Arrows, EMA, SL/TP Labels etc.. )
Have a Great Trading...
Script su invito
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Istruzioni dell'autore
Hello Chart Warrior,
Please DM me to get the invite access.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script su invito
Solo gli utenti approvati dall'autore possono accedere a questo script. È necessario richiedere e ottenere l'autorizzazione per utilizzarlo. Tale autorizzazione viene solitamente concessa dopo il pagamento. Per ulteriori dettagli, seguire le istruzioni dell'autore riportate di seguito o contattare direttamente vipsy6.
TradingView NON consiglia di acquistare o utilizzare uno script a meno che non si abbia piena fiducia nel suo autore e se ne comprenda il funzionamento. È inoltre possibile trovare alternative gratuite e open source nei nostri script della community.
Istruzioni dell'autore
Hello Chart Warrior,
Please DM me to get the invite access.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.