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Legacy Scalper - Trend Trading SystemLegacy Scalper Trend Trading System Welcome to the Legacy Scalper This indicator is based on a trend trading strategy using multiple EMA's, with an added colored algo to help traders enter orders while simultaneously reducing noise in the markets by changing candlesticks to one solid color dependant upon direction of price. This indicator capitalizes on short term momentum while ensuring that you are trading with the trend using the commonly known fact of EMA's being above or below price to ensure the trend. The customization and plotting of different length EMA's allows for freedom to design your own system within the realm of the indicators, or use the recommended strategies below. //////// The Legacy Scalper plots 3 main EMA's listed as following: -50 EMA -200 EMA -800 EMA Additionaly there is an algo coded into the mix that allows for: - Tradingview alarms for buys and sells - change of period (frequency) for buys and sells - color selection of the moving average - change all candlestick color dependant upon buy and sell alerts. //////// The Strategies (Or Create Your Own) Basic Sell only when you get an alert above the 50 EMA (Only 50 EMA plotted on screen) Buy only when you get an alert with the 50 EMA below price (Only 50 EMA plotted on screen) Sell Example: Intermediate Sell only when 50EMA is below the 200EMA and you get a sell alert Buy only when the 50 EMA is above the 200EMA and you get a buy Alert Buy Example: Advanced Sell only when you get a sell alert with all EMA's above price Buy only when you get a buy alert with all EMA's below price Example: Legacy Mode Backtesting is highly recommended Remove EMA's and plot a high period MA and take alerts both ways to capitalize on longer moves And/Or Add Ema's for swing trading with a higher plot MA Example: NOTES: This is designed to work on all time frames This is designed to work on all financial instruments Feel free to backtest which period setting is best, however visually glancing at most charts the default setting appears the best across all instruments. Feel free to add in other indicators for additional confirmation such as an RSI, TDI, Stoch, or WAE DISCLAIMER THIS IS NOT FINANCIAL OR INVESTMENT ADVICE AND SHOULD NOT BE INTERPRETED AS SUCH. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Indicatore Pine Script®
di renegadeforex
4
GODXBT Scalper 15minGodxbt scalper is specifically designed for short term trades on 15min timeframe This indicator is based on price action What this indicator includes: 1) BULL,BEAR signals based on price action 2) 3 EMA(exponential moving average) for the market trend/direction . 3) take profits points ( based on oscillators ) shows overbought and oversold conditions. How to trade : This indicator works on 15min timeframe the parameters for the indicator is locked for 15min timeframe ***Important: Signal confirms on bar close 1) “BULL” signal shows buying opportunity Buys are more profitable than sells if EMA ribbon is blue which means bullish trend (buyers are in control) 2) “BEAR” signal shows selling opportunity Sells are more profitable when EMA ribbon is red which means bearish trend (sellers are in control) 3) TP+ and TP- appears below and above candles it shows the potential reversal points for the price action There you should take some profits off the trade Ema ribbon shows market trend Default ema inputs are set on 20 and 50 (you can add your own sets of ema by changing the input ) Blue ribbon is bullish trend which also acts as a support Red ribbon is bearish trend which also acts as a resistance You can use ribbon to add stoploss below and above the ribbon 222 EMA for strong support and resistance DM for the access
Indicatore Pine Script®
di GODFATHER711
14
William %R Scalper for GoldWilliam %R Scalper or WPR Scalper tool is used with small time frame : 5 , 3 or 1 minute, it uses two different William %R indicators : one for fast move with 9 period WPR9 and one slow with 54 period WPR54. You can find buy zone when WPR9 < -90 and WPR54 < -80 and sell zone when WPR9 > -10 AND WPR54 > -20. For experience user only you can adapt the two periods and threshold levels to your need. You can use only WPR9 to place trade and validate trend with WPR54.
Indicatore Pine Script®
di sharktrade
8
cosmic scalperCosmic Scalper is an intuitive & exotic trading engine, designed to Identify Trend, visually highlight our “Zone of Interest” & plot entry lines at its base, like a barcode, providing critical information to the trader’s mind in a clean, elegant way without cluttering the chart. Components Of Script : 1. Trend Support Cloud : Based on Fibonacci ratio, the cloud has 3 layers or bands. 2. Entry Engine : The last band of the cloud gets highlighted when we enter “Zone of Interest” & vertical lines appear indicating possible entry points. Together this forms a trend fingerprint. Mechanism Of Action : 1. Identify trend : The script observers multiple parameters on higher timeframes to identify trend & plots the fibonacci based 3 layer trend support cloud. The script will indicate a change of trend when the last band is breached & sustained. 2. Zone Of Interest : Once a trend is identified, we are looking for entries. But we wait for the other side to get exhausted first. When exhaustion is identified, the last band of the cloud gets highlighted. This “exhaustion” is measured using bespoke datasets created within the protocol. Conventional datasets like RSI, VWAP, MACD etc are only used as secondary or tertiary layer of information. 3. Entries : Once we have entered the highlighted ‘Zone of Interest’ the script will offer entry points represented by vertical lines in the last band, this Highlight + Vertical Lines together forms the trend fingerprint, giving traders crucial visual information to make informed decisions. How to use : 1. Make a Higher Timeframe Analysis, 4hr, 6hr or Daily timeframe. Use TA or Bollinger Bands. 2. Once you have an informed bias, switch to the Cosmic Scalper on 1min timeframe to take position. 3. Target, Stop, Leverage : at user discretion Have Questions? Feel free to PM me on TradingView
Indicatore Pine Script®
di Official_Bitcoin1
6
[astropark] Sniper ScalperDear Followers, today a new Scalper Tool , which works great on all timeframes , from 1 minute to 1 month! Keep in mind that this is a Scalper, so it's always a good idea to take or lock your profits, despite you may use it also for swing trading. This tool has some cool features: it works on all timeframes , from 1 minute to 1 month! you can change a filter option from 1 (lowest) to 7 (highest) Here some examples on how it performs on many timeframes and charts. EURUSD 15m chart AMZN 1h chart Bitmex XBTUSD 4h chart Bitfinex ETHUSD 1h chart Binance Chainlink LINKBTC 1h chart Binance Ethereum ETHBTC 1h chart GOLD XAUUSD 15m chart The user who wants to use this strategy, especially via an automated bot, must always manage to set a take profit and stoploss, as well as use a proper money and risk management strategies . This is not the "Holy Grail", so use it with caution. This is a premium indicator , so send me a private message in order to get access to this script.
Indicatore Pine Script®
di astropark
8
TonyUX EMA Scalper - Buy / SellThis is a simple scalping strategy that works for all time frames... I have only tested it on FOREX It works by checking if the price is currently in an uptrend and if it crosses the 20 EMA. If it crosses the 20 EMA and its in and uptrend it will post a BUY SIGNAL. If it crosses the 20 EMA and its in and down it will post a SELL SIGNAL. The red line is the highest close of the previous 8 bars --- This is resistance The green line is the lowest close of the previous 8 bars -- This is support
Indicatore Pine Script®
di tux
107
Reversal Scalping Ribbon - Adib NooraniThe Reversal Scalping Ribbon is a trend-following overlay tool designed to visually identify potential reversal zones based on price extremes and dynamic volatility bands. It calculates adaptive upper and lower bands using price action and custom ATR logic, helping traders quickly assess market direction and possible turning points 🔹 Volatility-adjusted bands based on price highs/lows 🔹 Color-coded ribbons to indicate trend bias and potential reversal shifts 🔹 No repainting, works on all timeframes and assets 🔹 Visual-only display, no trade signals — supports discretion-based entries This ribbon is designed for scalpers and intraday traders to spot reversal setups with clarity. It enhances your trading by showing real-time market bias without unnecessary distractions. By focusing on probabilities, it helps to improve decision-making in fast-paced environments How to use the indicator efficiently For Reversal Trading: Buy: When price closes below the green ribbon with a red candle, then re-enters with a green candle. Enter above the high of the green candle with a stop loss below the lowest low of the recent green/red candles Sell: When price closes above the red ribbon with a green candle, then re-enters with a red candle. Enter below the low of the red candle with a stop loss above the highest high of the recent red/green candles Risk Management: Limit risk to 0.5% of your capital per trade Take 50% profit at a 1:1 risk-reward ratio For the remaining 50%, trail using the lower edge of the green band for buys and the upper edge of the red band for sells
Indicatore Pine Script®
di GlobalMarketWizard
TTC EMA Scalping Machine with RSI Filter and MACDTTC EMA Scalping Machine with RSI Filter and MACD TTC EMA Scalping Machine with RSI Filter and MACD is a multi-layered technical analysis tool designed for traders looking to scalp the markets with a combination of trend-following and momentum-based indicators. This strategy leverages Exponential Moving Averages (EMAs) , Relative Strength Index (RSI) , MACD , and Volume Analysis to help traders identify high-probability entry points for short and long trades. The indicator can be used in multiple market conditions and is suited for both beginners and experienced traders looking for clear entry signals. --- Key Features : 1. EMA-Based Trend Filtering : - The indicator uses four Exponential Moving Averages (EMAs) with different periods: - EMA 10 (Short-Term) : The fastest-moving average for detecting quick price movements. - EMA 20 (Medium-Term) : A central trendline for market momentum. - EMA 30 (Long-Term) : To observe broader market trends. - EMA 50 (Longest-Term) : To identify the overall market direction. - These EMAs are plotted on the chart and used to create EMA bands , visually displaying potential support and resistance levels. Price action inside these bands helps identify scalping opportunities. 2. RSI Filter : - RSI (Relative Strength Index) is used to gauge overbought and oversold conditions in the market: - Overbought condition (RSI > 70) : The market may be overextended, signaling the possibility of a short. - Oversold condition (RSI < 30) : The market may be undervalued, signaling the possibility of a long. - The RSI filter ensures that trades are not taken when the market is overextended, offering a more conservative approach to trade entries. 3. MACD Momentum Analysis : - The MACD (Moving Average Convergence Divergence) indicator is included to confirm the trend and momentum direction: - Long Condition : The MACD line crosses above the signal line, confirming a bullish momentum. - Short Condition : The MACD line crosses below the signal line, confirming a bearish momentum. - This serves as an additional filter to verify if the market momentum aligns with the long or short entry criteria. 4. Long Entry (Buy Signal) : - A long entry signal is triggered when the following conditions are met: - The price is above EMA 20 (indicating an overall bullish market). - The price is within the green EMA band (EMA 10 and EMA 20), suggesting short-term support. - The RSI is below 70 (indicating the market is not overbought). - The MACD line is above the signal line , showing bullish momentum. - These conditions combined suggest an ideal environment for entering a long position. 5. Short Entry (Sell Signal) : - A short entry signal is triggered when the following conditions are met: - The price is below EMA 20 (indicating an overall bearish market). - The price is within the green EMA band (EMA 20 and EMA 30), suggesting short-term resistance. - The RSI is above 30 (indicating the market is not oversold). - The MACD line is below the signal line , showing bearish momentum. - These conditions combined suggest an ideal environment for entering a short position. 6. Signal Alerts : - Long Alerts : Users can set alerts to notify them when a long condition is met. These alerts are triggered when all the criteria for a long entry are satisfied. - Short Alerts : Similarly, users can set alerts for short signals, notifying them when all the conditions for a short entry are satisfied. 7. EMA Bands : - The EMA bands are visually represented with colored fills between the EMAs, providing a visual aid to recognize potential trading zones. These zones can serve as a reference for traders to make quick decisions regarding entries and exits. 8. Volume Filter : - The indicator also includes a volume filter , which compares the current volume to its 20-period simple moving average. Higher volumes provide confirmation of price movement, which can indicate stronger potential for the trade. --- How It Works : - Long Trades : The indicator suggests a long position when the price is above the EMA 20, within the green EMA band, the RSI is not overbought, and MACD confirms bullish momentum (MACD line above the signal line). - Short Trades : The indicator suggests a short position when the price is below the EMA 20, within the green EMA band, the RSI is not oversold, and MACD confirms bearish momentum (MACD line below the signal line). - Volume Confirmation : The indicator uses a volume-based filter to ensure the trade is backed by sufficient market participation. --- Usage : - Best for Scalping : This strategy is designed for short-term trades ( scalping ) and can be applied to any time frame, though it works best on intraday charts, such as 5-minute or 15-minute charts. - Ideal for Trend-Following : With the use of EMAs and MACD, the strategy is best suited for markets that exhibit clear trends. It helps to avoid whipsaw trades and focuses on capturing medium-term trends. - Risk Management : By using RSI, MACD, and volume analysis together, this strategy reduces the likelihood of entering a trade in an overextended market, which helps with risk management. --- Alerts and Signals : - Long Signals : When all conditions are met for a long trade, a green label appears below the price bar, indicating a potential buy opportunity. An alert is also generated, notifying the user. - Short Signals : When all conditions are met for a short trade, a red label appears above the price bar, indicating a potential sell opportunity. An alert is also generated, notifying the user. --- This combination of EMA , RSI , MACD , and volume-based filters creates a balanced approach to scalping, ensuring that traders receive clear, actionable entry signals with trend confirmation, while avoiding overbought and oversold conditions that may lead to false signals. The indicator is designed to help traders confidently identify high-probability trades while maintaining simplicity and clarity in its setup.
Indicatore Pine Script®
di Perry_Satoshi
1
Ultimate T3 Fibonacci for BTC Scalping. Look at backtest report!Hey Everyone! I created another script to add to my growing library of strategies and indicators that I use for automated crypto trading! This strategy is for BITCOIN on the 30 minute chart since I designed it to be a scalping strategy. I calculated for trading fees, and use a small amount of capital in the backtest report. But feel free to modify the capital and how much per order to see how it changes the results:) It is called the "Ultimate T3 Fibonacci Indicator by NHBprod" that computes and displays two T3-based moving averages derived from price data. The t3_function calculates the Tilson T3 indicator by applying a series of exponential moving averages to a combined price metric and then blending these results with specific coefficients derived from an input factor. The script accepts several user inputs that toggle the use of the T3 filter, select the buy signal method, and set parameters like lengths and volume factors for two variations of the T3 calculation. Two T3 lines, T3 and T32, are computed with different parameters, and their colors change dynamically (green/red for T3 and blue/purple for T32) based on whether the lines are trending upward or downward. Depending on the selected signal method, the script generates buy signals either when T32 crosses over T3 or when the closing price is above T3, and similarly, sell signals are generated on the respective conditions for crossing under or closing below. Finally, the indicator plots the T3 lines on the chart, adds visual buy/sell markers, and sets alert conditions to notify users when the respective trading signals occur. The user has the ability to tune the parameters using TP/SL, date timerames for analyses, and the actual parameters of the T3 function including the buy/sell signal! Lastly, the user has the option of trading this long, short, or both! Let me know your thoughts and check out the backtest report!
Strategia Pine Script®
di nhbprod
2
[UPRIGHT Trading] Academy of Forex - Scalp Strategy█ OVERVIEW This is a collaboration of efforts of The Academy of Forex and UPRIGHT Trading . The Academy of Forex - Scalp Strategy Indicator is a clean & reimagined lower indicator. To enable optimization & potential automation, we re-coded & optimized it at UPRIGHT Trading. It is based on the one presented on its YT channel. The idea is for it to be an easy to use - simple indicator - that works not just for confirmation, but also entering and exiting quickly (scalping). █ CONCEPTS The idea is that %B (derived from BBs) is able to pick up some pretty significant moves. With that as one of the bases the Inverse Fisher Transform (Ribbon) acts to show some of the movement of the asset highlighting when it at extremes. The RSI highlights are there as another confirmation to help normalize the sometimes too frequent movement of %B. As expected the indicator often acts as a reversal indicator, but with the optimizations of logic it's able to pick up more than just the reversals and works as a pretty decent Buy/Sell Algorithm. █ CALCULATIONS Calculations used included, but not limited to: - %B - Quantifies the price as a percentage to the Upper and Lower Band of the Popular Bollinger Bands, which were named after their inventor John Bollinger in 1980. - Inverse Fisher Transform RSI - is a variation of the IFT, created by John Ehlers, the idea is for the IFT to convert Gaussian normal distribution and to take it a step further the RSI version is to just use overbought and oversold placements. This indicator is meant to highlight when price has moved to an extreme and in this process helps to spot turning points. - Relative Strength Index (RSI) - As most of you know already the RSI is a technical analysis tool invented by J. Welles Wilder, that oscillates and is used to measure the momentum of price changes. It normalizes to index 0-100 with overbought and oversold defined by the user, but often around 70 as overbought and 30 as oversold. - Pivot/Swing Points - Implemented to show recent Higher-Highs or Lower-Lows, Pivot points are included in the indicator for structure tracking. - Moving Averages - Moving averages help to get an idea of when price is moving near the norm or outside to extremes. █ FEATURES Indicator Features: -2 Buy/Sell Signals. -U Signals (UPRIGHT optimized). -Exit Reminders. -Alerts allowing Automation of Scalp Strategy. -H/L Swings. -Color Customization. -Clean Mode. -Inverse Fisher Transform Ribbon. -RSI Bullish/Bearish Highlights. -Options for More Signals (including: Oversold/Overbought Circles, %B Bull/Bear Squares and Triangles, and IFT Highlights). Showing some of the signals close up. Should look like this: Enjoy! Sincerely, Mike
Indicatore Pine Script®
di UPRIGHTTrading
17
[SPOILED]SuperTrench - ETH Super ScalperHi Traders, I'm republishing this script as I finally polished it to perfection IMO. The script uses 5 coding sections: entry, trend filter, pivot filter, take profit, and stop loss. The script mainly uses trailing as take profit; this is probably the easiest way to make a profitable scalper strategy. Backtest capital is set to 1000 USDT, 35% equity, 0.04% commission, limited backtest date from Jan 2022 to now, backtested on ETH/USDT prep contracts 15m timeframe, result as shown below. It looks unreal right? Hell no, I actually tested this strategy on Binance from Dec 06 to Dec 10. I got 8.29% return with 4x leverage, 50% equity setup; 75% win rate,1.58 profit factor, with 4.3% max drawdown, it is amazingly close to the backtest result. User Manual Entry >>> Stoch RSI: I added 5 MA types to the Stoch RSI which is HMA/VWMA/WMA/EMA/SMA, HMA with Length setting of 5, 8 seems to be most efficient, VWMA and WMA with 8, 13 will generate less entry signals but with less entry risks. Entry >>> R Style: It based on price action, with candlestick makes a U turn, after 2nd candlestick confirmed, it generates entry signal, this will give you some extra entries, better leave it enabled. Entry >>> Price Step: This probably is the core feature of this strategy; also my secret ingredient to making this strategy this efficient. It is recommended to enable step 1-5, more steps basically means more entries, but they are not necessarily profitable. Trend Filter >>> Price Step: I couldn't tell you much details about how this indicator works, but it is a reliable indicator, based on price action, and I got some ideas from Demark9 indicator. The bigger the level, the stronger the filter is, please note that if 'Price Step Entries' less than Price Step Trend, entries will be ignored. Pivot Filter >>> RSI Pivot & Pinbar Pivot: RSI Pivot detects if the RSI signal line making U turn in certain condition, Pinbar detection combines R Style entry when price action U turn took place, these 2 pivot filter will close the trade once it is counter trend, so it better enable and leave it as is. Trend Filter >>> Trend Magic: Trend Magic uses CCI and ATR to calculate trend status, green means uptrend, red means downtrend, pretty straight forward, the best value for this indicator would be, 21, 34, 55, 89. Trend Filter >>> Alpha: This filter combines R style pivot, price step, EMA all together to detects consolidation area, because EMA was involved, so the best look back period would be around 15-35, it is best to use default value IMO, in another hands, if you need stronger filter, feel free to use 10, 18, 20, 25, 30, 35, make sure look back period should increase or decrease by 5 every time. Take Profit and Stop Loss: The default value for tp is set to 0.4%, but I also give you option to switch to ATR TP; you can adjust in the ATR multiplier, default ATR trailing stop loss uses 1 ATR, but you can adjust it for better drawdown tolerance. Fixed ATR SL is also given when fixed ATR is enabled. There will be a failsafe SL default set to 1% if price moves counter direction of opened position, it will close trade no matter what happens. Enjoy :)
Strategia Pine Script®
di spoiledchildomine7
15
RF+ Divergence Scalping SystemRF+ Divergence Scalping System + Custom Signals + Alerts. This chart overlay indicator has been developed for the low timeframe divergence scalper. Built upon the realtime divergence drawing code from the Divergence for Many indicator originally authored by Lonsometheblue, this chart overlay indicator bundles several additional unique features and modifications to serve as an all-in-one divergence scalping system. The current key features at the time of publishing are listed below (features are optional and can be enabled or disabled): - Fully configurable realtime divergence drawing and alerting feature that can draw divergences directly on the chart using data sourced from up to 11 oscillators selected by the user, which have been included specifically for their ability to detect divergences, including oscillators not presently included in the original Divergence for Many indicator, such as the Ultimate Oscillator and TSI. - Optional on chart table showing a summary of key statuses of various indicators, and nearby divergences. - 2 x Range Filters with custom settings used for low timeframe trend detection. - 3 x configurable multi-timeframe Stochastic RSI overbought and oversold signals with presentation options. - On-chart pivot points drawn automatically. - Automatically adjusted pivot period for up to 4 configurable time frames to fine tune divergences drawn for optimal divergence detection. - Real-price line for use with Heikin Ashi candles, with styling options. - Real-price close dots for use with Heikin Ashi candles, with styling options. - A selection of custom signals that can be printed on-chart and alerted. - Sessions indicator for the London, New York, Tokyo and Sydney trading sessions, including daylight savings toggle, and unique ‘invert background color’ option, which colours the entire chart - except the trading session you have selected, leaving your chart clear of distracting background color. - Up to 4 fully configurable moving averages. - Additional configurable settings for numerous built in indicators, allowing you to alter the lengths and source types, including the UO, TSI, MFI, TSV, 2 x Range Filters. - Configurable RSI Trend detection signal filter used in a number of the signals, which filters buy signals where the RSI is over the RSI moving average, and only prints sell signals where RSI is under the moving average. - Customisable on-chart watermark, with inputs for a custom title, subtitle, and also an optional symbol | timeframe | date feature. The Oscillators able to be selected for use in drawing divergences at the time of publishing are as follows: - Ultimate Oscillator (UO) - True Strength Indicator (TSI) - Money Flow Index (MFI) - Cumulative Delta Volume (CDV) - Time Segmented Volume (TSV) - Commodity Channel Index (CCI) - Awesome Oscillator - Relative Strength Index (RSI) - Stochastic - On Balance Volume (OBV) - MACD Histogram What are divergences? Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. There are 4 main types of divergence, which are split into 2 categories; regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation. Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend. Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend. Hidden bullish divergence: An indication of a potential uptrend continuation. Hidden bearish divergence: An indication of a potential downtrend continuation. Setting alerts. With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose, also when the triple timeframe Stochastic RSI overbought and oversold confluences occur, as well as when custom signals are printed. Configurable pivot period values. You can adjust the default pivot period values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action. By default, this indicator has enabled the automatic adjustment of the pivot periods for 4 configurable time frames, in a bid to optimize the divergences drawn when the indicator is loaded onto any of the 4 time frames selected. These time frames and their associated pivot periods can be fully reconfigured within the settings menu. By default, these have been further optimized for the low timeframe scalper trading on the 1-15 minute time frames. How do traders use divergences in their trading? A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future. Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes. When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase. Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur. How do traders use overbought and oversold levels in their trading? The oversold level is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at, or crossing down from an overbought level as a confluence for entry into a short position, and the Stochastic RSI at, or crossing up from an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI. This indicator is intended for use in conjunction with related panel indicators including the TSI+ (True Strength Indicator + Realtime Divergences), UO+ (Ultimate Oscillator + Realtime Divergences), and optionally the STRSI+ (MTF Stochastic RSI + Realtime Divergences) and MFI+ (Money Flow Index + Realtime Divergences) available via this authors’ Tradingview profile, under the scripts section. The realtime divergence drawing code will not identify all divergences, so it is suggested that you also have panel indicators to observe. Each panel indicator also offers additional means of entry confirmation into divergence trades, for example, the Stochastic can indicate when it is crossing down from overbought or up from oversold, the TSi can indicate when the 2 TSI bands cross over one another upward or downward, and the UO and MFI can indicate an entry confluence when they are nearing, or crossing their centerlines, for more confidence in your divergence trade entries. Additional information on the settings for this indicator can be found via the tooltips within the settings menu itself. Further information on feature updates, and usage tips & tricks will be added to the comments section below in due course. Disclaimer: This indicator uses code adapted from the Divergence for Many v4 indicator authored by Lonesometheblue, and several stock indicators authored by Tradingview. With many thanks.
Indicatore Pine Script®
di PHVNTOM_TRADER
17
Morning Scalp StrategyThe Morning Scalp Strategy combines the 50EMA with the Stochastic Momentum Index. The morning period is when penny stocks usually have the highest volatility, so the strategy works between 10:00 AM and 12:10 PM. ***It opens only long positions. The ideal timeframe for this scalping strategy is 5 minutes on low-price stocks. The stock should spike in the morning with momentum and Volume. ***Look for a daily or intraday support area, close to the open position, to increase the confidence in the play The components are: - EMA50: Exponential Moving Average (EMA50) - Stochastic Momentum Index (SMI) Rules: - Period: 10:00 AM and 12:10 PM - if SMI Crossover and SMI < 0, open a position - If close < EMA50, close the position - Profit target: To be decided by the user, default value = 10% above the entry price If you have any questions, let me know!
Strategia Pine Script®
di Trading_Bites
6
Crypto Scalper Divergence Macd Psar Ema 200This is a very efficient crypto scalper adapted to very short timeframes, however it can be optimized for other timeframes and assests as well. Its components are MACD P SAR EMA 200 Risk management Rules for entry: For short : we have an uptrend on PSAR , histogram is positive (divergence MACD) and close of a candle is below EMA 200 For long : we dont have an uptrend on PSAR, histogram is negative(divergence MACD) and close of a candle is above EMA 200 Rules for exit: We exit when we either find a reverse condition than the entry one, or based on stop loss/take profit that are calculated on % movements of the price. If you have any questions, let me know !
Strategia Pine Script®
di exlux
25
Swing/Scalper HULL + T3 avg Crypto StrategyThis is a both a swing and a scalper strategy(depends on the timeframe that you use), that works with all timeframes, however I noticed that with swing 3h works the best on most crypto pairs, such as ETH, BTC and so on. Its main components are: Hull moving average T3 moving average Risk management With them I make an average and use it as the main moving average. Rules for entry For long: Average moving average is bigger than previous average moving average value. For short:Average moving average is lower than previous average moving average value. Rules for exit We exit when either the TP/SL has been hit, or when we get a different condition than previous one(both for long and short). If you have any questions, let me know !
Strategia Pine Script®
di exlux
15