OPEN-SOURCE SCRIPT
Master Grader v2.4.2
Master Scalp Trade Grader (v2.4.2 – Final Tweaks)
What it does
A lightweight scalp framework that grades trade quality in real time and marks entries / exits for you. The core bias is built from 8/21/50 EMAs (stack & slope), momentum is gated by RSI bands (bull ≥ rsiBull, bear ≤ rsiBear), and breakouts use a short lookback high/low. Optional volume filter requires volume ≥ its SMA(volLen). Trend strength is quantified with ADX, and risk is managed by an ATR×mult trailing stop. The on-chart Info Box shows Bias, Grade, Trend Strength, Exit Level, and % of Avg Volume.
How it works (signal logic)
Bias: Bull if 8>21>50 and 21/50 sloping up; Bear if 8<21<50 and sloping down; else Neutral.
Entries:
Long: new Bull bias + breakout above highest-high(breakLook) + RSI ≥ rsiBull (+ optional vol filter).
Short: new Bear bias + breakdown below lowest-low(breakLook) + RSI ≤ rsiBear (+ optional vol filter).
Trailing stop: ATR(atrLen) × atrMult, flips to the favorable side and trails with trend.
Exits:
Stop exit: price crosses the ATR trail.
Weak exit: ADX < adxStrong and 8/21 cross against you.
Grading
A: Strong Hold → Bias active and (ADX > adxStrong) and RSI in the correct zone.
B: Moderate Hold → Bias active and ADX > 20.
C: Weakening → Bias active but strength fading.
EXIT SIGNAL → Stop/weak exit triggered.
D: No Trend → No bias.
Visuals & Alerts
Colored bars: Bull = green, Bear = red.
Plots: 8/21/50 EMAs (custom colors), ATR trail, and entry/exit markers.
Info Box (top-right): Bias • Grade • ADX (Strong/Weak) • Exit Level • Volume vs Avg.
Alerts: Long Entry, Short Entry, Exit Signal (ready for webhooks).
Inputs (quick)
EMAs: 8/21/50 • RSI: rsiLen, rsiBull, rsiBear • Breakout lookback • Volume SMA + toggle • ADX length/threshold • ATR length/multiplier • Colors/toggles for EMAs, ATR trail, Info Box.
Notes
Designed for scalps / fast swings; works on 1–15m and up.
Best results when bias + breakout + RSI + (optional) volume all agree.
Use the ATR trail for mechanical exits; downgrade to B/C as early caution.
What it does
A lightweight scalp framework that grades trade quality in real time and marks entries / exits for you. The core bias is built from 8/21/50 EMAs (stack & slope), momentum is gated by RSI bands (bull ≥ rsiBull, bear ≤ rsiBear), and breakouts use a short lookback high/low. Optional volume filter requires volume ≥ its SMA(volLen). Trend strength is quantified with ADX, and risk is managed by an ATR×mult trailing stop. The on-chart Info Box shows Bias, Grade, Trend Strength, Exit Level, and % of Avg Volume.
How it works (signal logic)
Bias: Bull if 8>21>50 and 21/50 sloping up; Bear if 8<21<50 and sloping down; else Neutral.
Entries:
Long: new Bull bias + breakout above highest-high(breakLook) + RSI ≥ rsiBull (+ optional vol filter).
Short: new Bear bias + breakdown below lowest-low(breakLook) + RSI ≤ rsiBear (+ optional vol filter).
Trailing stop: ATR(atrLen) × atrMult, flips to the favorable side and trails with trend.
Exits:
Stop exit: price crosses the ATR trail.
Weak exit: ADX < adxStrong and 8/21 cross against you.
Grading
A: Strong Hold → Bias active and (ADX > adxStrong) and RSI in the correct zone.
B: Moderate Hold → Bias active and ADX > 20.
C: Weakening → Bias active but strength fading.
EXIT SIGNAL → Stop/weak exit triggered.
D: No Trend → No bias.
Visuals & Alerts
Colored bars: Bull = green, Bear = red.
Plots: 8/21/50 EMAs (custom colors), ATR trail, and entry/exit markers.
Info Box (top-right): Bias • Grade • ADX (Strong/Weak) • Exit Level • Volume vs Avg.
Alerts: Long Entry, Short Entry, Exit Signal (ready for webhooks).
Inputs (quick)
EMAs: 8/21/50 • RSI: rsiLen, rsiBull, rsiBear • Breakout lookback • Volume SMA + toggle • ADX length/threshold • ATR length/multiplier • Colors/toggles for EMAs, ATR trail, Info Box.
Notes
Designed for scalps / fast swings; works on 1–15m and up.
Best results when bias + breakout + RSI + (optional) volume all agree.
Use the ATR trail for mechanical exits; downgrade to B/C as early caution.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.