TCT - Range Bar Scalper

A confluence-based scalping indicator designed for range bar charts that identifies high-probability trade entries using ADX momentum, Directional Movement bias, and Short-Term Trend direction.

📊 How It Works
This indicator generates buy and sell signals when three key conditions align:

Buy Signal Triggers When:

• ADX is above the threshold (default: 20) confirming trend strength
  
• Directional Movement shows bullish bias (DI+ > DI-)
  
• Short-Term Trend candles are bullish
  

Sell Signal Triggers When:

• ADX is above the threshold confirming trend strength
  
• Directional Movement shows bearish bias (DI- > DI+)
  
• Short-Term Trend candles are bearish
  

🎯 Key Features

Dashboard Panel

• Real-time display of Momentum (ADX value), Bias (DM direction), and Direction (STT state)
  
• Color-coded cells for instant visual assessment
  
• Fully customizable position, colors, and text size
  

Short-Term Trend Candles

• Smoothed candles using linear regression to filter noise
  
• Overlaid directly on your chart
  
• Adjustable reaction speed for faster or smoother signals
  

Smart Signal Logic

• Toggle between consecutive signals or alternating buy/sell mode
  
• Optional filter to require bar close in signal direction
  
• Signals only fire when conditions fail and recover (prevents spam)
  

Confluence Dots (Optional)

• Visual status indicators for each component (ADX, DM, STT)
  
• Quickly see which conditions are met or missing
  

Alerts

• Built-in alert conditions for both buy and sell signals
  

⚙️ Settings
ADX Length

• Period for ADX/DI calculation (default: 10)
  

ADX Threshold

• Minimum ADX for signals (default: 20)
  

STT Speed

• Speed for trend candles (5-200, default: 25)
  

Allow Consecutive Signals

• Enable/disable same-direction signal repeats
  

Require Bar Close in Direction

• Filter signals by candle close direction
  

💡 Best Used On

• Range bar charts (primary design intent)
  
• Works on any timeframe but optimized for scalping
  
• Pairs well with support/resistance levels and volume analysis
  

📝 Notes

• Lower STT Speed values react faster to price changes; higher values provide smoother signals
  
• The ADX threshold filters out choppy, sideways markets
  
• Use the confluence dots to understand why signals may not be firing