Scalper Strategy

Scalper Strategy Documentation

A comprehensive, multi-indicator scalping system for TradingView. This strategy combines trend, momentum, volatility, and volume filters to identify high-probability entries and exits, and restricts trades to user-defined time slots for optimal performance.

1. Core Concept
This strategy aims to capture short, strong price movements by requiring multiple technical signals to align before entering a trade. It is highly configurable, allowing users to adjust indicator settings, risk management parameters, and trading time windows.

2. Key Components

• Trend and Price FiltersHeikin Ashi Candles, Linear Regression (3 periods), McGinley Dynamic (2 periods), EMA Bands, and HMA are used to clarify and confirm trend direction.Momentum and Oscillator FiltersRSI (2 periods), MACD (2 sets), and SMI (Stochastic Momentum Index) confirm momentum and trend changes.Volatility and Strength FiltersATR (Average True Range) with ADX ensures trades are only taken during periods of sufficient volatility and trend strength.Volume-Weighted Candle StrengthCalculates the volume-weighted body size of bullish and bearish candles over a user-defined lookback period to confirm the strength of the current move.
• Chandelier ExitUses ATR-based stop levels to help determine trend direction and manage exits dynamically.

3. Entry and Exit Logic

• Long (Buy) Entry: All of the following must be true: Trend filters confirm an uptrend. Momentum filters confirm bullish momentum. Volatility and trend strength filters are positive. Volume-weighted bullish candle strength is present. Current time is within one of the three user-defined time slots. Short (Sell) Entry: The opposite of the above, with all filters confirming a downtrend and bearish momentum. Long Exit: Triggered by a combination of opposite signals from the filters or by hitting a stop loss or take profit (if enabled).
• Short Exit: The opposite logic, or hitting stop loss/take profit.

4. Time Slot Filter

• Restricts trade entries to three user-defined time windows (e.g., 09:15–10:30, 13:00–14:00, 15:00–15:30). Users set the start and end times for each slot in the strategy settings.
• Trades are only entered if the current time falls within any of the active slots.

5. Risk Management

• Stop Loss and Take Profit: Configurable as a percentage of entry price. Can be enabled or disabled. Position Sizing: By default, uses 100% of equity per trade (adjustable in settings).

6. Alerts and Visualization

• Alerts: The strategy can trigger alerts for entries, exits, stop loss, and take profit events. Plotting: Visual signals (labels) are plotted on the chart for all major events, and background colors indicate trend direction.

7. How to Use

1. Add the strategy to your TradingView chart. Configure indicator and filter settings as desired in the strategy's input panel. Set your preferred time slots for trading. Enable or disable stop loss and take profit as needed. Monitor the chart for signals and alerts. Review performance in the TradingView strategy tester.

8. Notes and Best Practices

• Backtest thoroughly on your chosen market and timeframe before live trading. Adjust time slots to match periods of high liquidity for your instrument. Fine-tune indicator settings for your asset and trading style. Use proper risk management and never risk more than you can afford to lose.

9. Disclaimer

This strategy is for educational purposes only. Past performance does not guarantee future results. Use at your own risk.