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Enhanced Scalping Strategy with Stop Loss📌 Overview The Enhanced Scalping Strategy with Stop Loss is a trend-following and momentum-based trading system designed for scalpers and short-term traders. It leverages Exponential Moving Averages (EMAs), Relative Strength Index (RSI), and Average True Range (ATR) to identify potential trading opportunities while implementing a stop-loss mechanism to minimize risk. This script is designed to be used in various timeframes, with optimizations for 1-minute and 5-minute charts. The strategy focuses on momentum breakouts, ensuring that trades are taken in strong trending conditions while filtering out false signals using volatility-based confirmation. 🔍 How It Works This strategy uses three main indicators to generate trade signals: 1️⃣ Moving Averages (Fast & Slow EMAs) Fast EMA (default: 9-period) Slow EMA (default: 21-period) A bullish crossover (Fast EMA crossing above Slow EMA) signals a potential long trade. A bearish crossover (Fast EMA crossing below Slow EMA) signals a potential short trade. 2️⃣ Relative Strength Index (RSI) The RSI is used as an overbought/oversold filter. Default settings: Overbought Level: 70 → Avoid long trades when RSI is too high. Oversold Level: 30 → Avoid short trades when RSI is too low. 3️⃣ Average True Range (ATR) Multiplier ATR is used to filter out low-volatility conditions. The script ensures that price exceeds a threshold based on ATR before confirming a trade, reducing false breakouts. 4️⃣ Stop Loss Mechanism Stop loss is dynamically calculated based on a percentage of the entry price (default: 1%). Long Trade Stop Loss: Set 1% below entry price. Short Trade Stop Loss: Set 1% above entry price. The strategy will automatically exit trades if the stop loss is hit. 🎯 Entry & Exit Conditions 🔵 Long Entry (Buy Signal) Fast EMA crosses above Slow EMA (Bullish crossover). RSI is below overbought (70) → Avoid buying into extreme conditions. Price is above Fast EMA + ATR Multiplier → Ensures a strong trend. Stops any active short trade before entering long. 🔴 Short Entry (Sell Signal) Fast EMA crosses below Slow EMA (Bearish crossover). RSI is above oversold (30) → Avoid shorting into extreme weakness. Price is below Fast EMA - ATR Multiplier → Ensures a strong trend. Stops any active long trade before entering short. 🔄 Exit Conditions Long Trade Exit: Fast EMA crosses below Slow EMA (Bearish crossover). OR Stop loss is hit (price drops 1% below entry). Short Trade Exit: Fast EMA crosses above Slow EMA (Bullish crossover). OR Stop loss is hit (price rises 1% above entry). 🛠 How to Use 1️⃣ Adding the Strategy Open TradingView. Navigate to the Pine Script Editor. Copy and paste the script. Click Add to Chart. 2️⃣ Customizing Settings Adjust the Moving Average lengths to suit different timeframes. Modify the RSI overbought/oversold levels for better filtering. Change the ATR Multiplier to fine-tune the volatility filter. Customize the Stop Loss Percentage to match your risk tolerance. 3️⃣ Best Timeframes for Scalping 1-Minute (M1): Fast scalping, more signals. 5-Minute (M5): Reduced noise, better trend identification. 15-Minute (M15) and higher: Can be used for intraday trading. 4️⃣ Alerts & Notifications Set up alerts to receive buy/sell signals. Alerts include: Long Entry Alert (Buy Signal) Short Entry Alert (Sell Signal) Exit Long Alert (Close Buy Position) Exit Short Alert (Close Sell Position) 📊 Visuals on the Chart ✅ Buy Signals: Displayed as green upward arrows. ✅ Sell Signals: Displayed as red downward arrows. ✅ EMA Lines: Fast EMA (blue) Slow EMA (orange) ✅ RSI Background Coloring: Red background when RSI is overbought. Green background when RSI is oversold. 🔎 Pros & Cons ✅ Pros ✔️ Works on multiple timeframes with automatic adjustments. ✔️ Uses ATR to confirm trends, reducing false signals. ✔️ Built-in stop loss for better risk management. ✔️ Alerts & visual signals for easy trade execution. ✔️ Can be customized for different trading styles. ❌ Cons ❌ May perform poorly in ranging markets. ❌ Stop-loss percentage may need optimization for different assets. ❌ Higher timeframes might require different parameters for best performance.
Pine Script™ strategy
by DBate
Swing Breakout System (SBS)The Swing Breakout Sequence (SBS) is a trading strategy that focuses on identifying high-probability entry points based on a specific pattern of price swings. This indicator will identify these patterns, then draw lines and labels to show confirmation. How To Use: The indicator will show both Bullish and Bearish SBS patterns. Bullish Pattern is made up of 6 points: Low (0), HH (1), LL (2 | but higher than initial Low), New HH (3), LL (5), LL again (5) Bearish Patten is made up of 6 points: High (0), LL (1), HH (2 | but lower than initial high), New LL (3), HH (5), HH again (5) A label with an arrow will appear at the end, showing the completion of a successful sequence Idea behind the strategy: The idea behind this strategy, is the accumulation and then manipulation of liquidity throughout the sequence. For example, during SBS sequence, liquidity is accumulated during step (2), then price will push away to make a new high/low (step 3), after making a minor new high/low, price will retrace breaking the key level set up in step (2). This is price manipulating taking liquidity from behind high/low from step (2). After taking liquidity price the idea is price will continue in the original direction. Step 0 - Setting up initial direction Step 1 - Setting up initial direction Step 2 - Key low/high establishing liquidity Step 3 - Failed New high/low Step 4 - Taking liquidity from step (2) Step 5 - Taking liquidity from step 2 and 4 Pattern Detection: - Uses pivot high/low points to identify swing patterns - Stores 6 consecutive swing points in arrays - Identifies two types of patterns: 1. Bullish Pattern: A specific sequence of higher lows and higher highs 2. Bearish Pattern: A specific sequence of lower highs and lower lows Note: Because the indicator is identifying a perfect sequence of 6 steps, set ups may not appear frequently. Visualization: - Draws connecting lines between swing points - Labels each point numerically (optional) - Shows breakout arrows (↑ for bullish, ↓ for bearish) - Generates alerts on valid breakouts User Input Settings: Core Parameters 1. Pivot Lookback Period (default: 2) - Controls how many bars to look back/forward for pivot point detection - Higher values create fewer but more significant pivot points 2. Minimum Pattern Height % (default: 0.1) - Minimum required height of the pattern as a percentage of price - Filters out insignificant patterns 3. Maximum Pattern Width (bars) (default: 50) - Maximum allowed width of the pattern in bars - Helps exclude patterns that form over too long a period
Pine Script™ indicator
by ClayeWeight
[ARN]Reversal finderThe script is designed to identify potential reversal points in the market using a 5-period Exponential Moving Average (EMA) and specific candlestick patterns. Below is a detailed breakdown of the script: 1. Inputs and Settings Toggle for 5 EMA:toggle5EMA = input.bool(true, title="Show 5 EMA") This allows the user to enable or disable the display of the 5 EMA on the chart. EMA Length: emaLength5 = 5 The length of the EMA is fixed at 5 periods. 2.EMA Calculation: EMA Value: emaValue5 = ta.ema(close, emaLength5) The script calculates the 5-period EMA using the closing price of the candles. EMA Color: emaColor5 = emaValue5 > emaValue5 ? color.green : color.red The color of the EMA line is determined by its direction: - Green if the current EMA value is greater than the previous EMA value (uptrend). - Red if the current EMA value is less than the previous EMA value (downtrend). Plotting the EMA: plot(toggle5EMA ? emaValue5 : na, title="5 EMA", color=emaColor5, linewidth=2) The EMA is plotted on the chart if the toggle is enabled (`toggle5EMA` is `true`). 3. Candle Color Identification: Green Candle:close > open; Red Candle:close < open 4. Signal Candle Identification: Long Signal Candle: signalLong5 = isGreen and (low < emaValue5 and high < emaValue5) A long signal candle is a green candle where both the low and high prices are below the 5 EMA. This suggests a potential bullish reversal. Short Signal Candle: signalShort5 = isRed and (low > emaValue5 and high > emaValue5) A short signal candle is a red candle where both the low and high prices are above the 5 EMA. This suggests a potential bearish reversal. 5. Confirmation Candle Identification: confirmationCandleLong5 = signalLong5 and isGreen and (low <= emaValue5 and high >= emaValue5) A confirmation candle for a long signal is a green candle that occurs after a long signal candle. It must touch or cross the 5 EMA (i.e., the low is below the EMA and the high is above the EMA). Confirmation Candle for Short:confirmationCandleShort5 = signalShort5 and isRed and (low <= emaValue5 and high >= emaValue5) A confirmation candle for a short signal is a red candle that occurs after a short signal candle. It must touch or cross the 5 EMA (i.e., the low is below the EMA and the high is above the EMA). 6. Plotting Buy/Sell Signals: A green triangle is plotted below the confirmation candle for a long signal and a pink triangle is plotted above the confirmation candle for a short signal. How the Script Works: 1. The script calculates the 5 EMA and plots it on the chart. 2. It identifies signal candles (candles that do not touch the 5 EMA) and confirmation candles (candles that touch or cross the 5 EMA). 3. Buy and sell signals are generated based on the confirmation candles. 4. Stop-loss levels are plotted for each signal to help manage risk. Customization: - You can adjust the `extendBars` variable to change how far the stop-loss lines extend. - You can modify the colors and styles of the EMA, signals, and stop-loss lines to suit your preferences. This script is a useful tool for traders looking to identify potential reversals using the 5 EMA and candlestick patterns. However, like any trading tool, it should be used in conjunction with other indicators and analysis techniques for better accuracy.
Pine Script™ indicator
by MurugesanTrader
hull ribbon pratap1. Purpose: This script implements a Hull Moving Average (HMA) ribbon-based trading strategy with additional conditions from RSI and multi-timeframe EMA comparisons. 2. Key Components: Hull Moving Averages Calculation: Computes six different HMAs with varying lengths (50, 55, 60, 65, 70, 50). Uses Weighted Moving Average (WMA) instead of the traditional Hull formula. Some HMA calculations are fetched from a higher timeframe (45-minute). Color Coding Hull Trend: The script compares current and previous Hull values to determine trend direction. Green (Uptrend) if current HMA > previous HMA. Red (Downtrend) if current HMA < previous HMA. 3. Entry & Exit Conditions: Buy Conditions: Hull Ribbon Trend: Close price is above all calculated Hull moving averages. Close is greater than the previous candle's high. Multi-Timeframe EMA Confirmation: EMA(330) of 2-minute timeframe is greater than 1-minute timeframe. RSI Condition: RSI(9) > its 9-period SMA (indicates strength). Sell Conditions: Hull Ribbon Trend: Close price is below all calculated Hull moving averages. Multi-Timeframe EMA Confirmation: EMA(330) of 3-minute timeframe is lower than 1-minute timeframe. 4. Trade Execution: Long Entry ("Buy") → When Buy Zone & Buy Hull Close conditions are met. Exit ("Close Buy") → When Sell Zone & Sell Hull Close conditions are met. Target Price: 1% above the entry price. 5. Visuals & Alerts: Plots Hull values and colors them based on trend. Background Colors: Green → Buy zone Red → Sell zone Purple/Aqua → Hull crossovers Alerts for Buy/Sell Crossovers. 6. Notes & Additional Features: The script was intended to have stop-loss and take-profit logic, but they are commented out. Uses multi-timeframe analysis (EMA from different timeframes). The strategy runs on TradingView’s built-in backtesting engine. Conclusion: This is a trend-following strategy using Hull Moving Averages, RSI, and multi-timeframe EMA confirmation to identify buy and sell opportunities. It plots signals and background colors for easy trend visualization. 🚀 Let me know if you need any modifications or optimizations!
Pine Script™ indicator
by rampratapipm
Quad Super Signal EntriesThe Quad Super Signal Entries Indicator identifies potential buy and sell entry points based on multiple stochastic indicators. It places green upward triangles (▲) below candles for long entries when at least 3 out of 4 stochastics signal an oversold condition (≤ 20). Similarly, red downward triangles (▼) appear above candles for short entries when at least 3 out of 4 stochastics indicate an overbought condition (≥ 80). This indicator helps traders visually confirm momentum shifts directly on the price chart. Key Features: ✔ Uses four stochastic indicators (9-3, 40-4, 60-10, extra) to confirm entries. ✔ Marks buy signals (▲) when the market is oversold, and sell signals (▼) when overbought. ✔ Ensures at least 3 out of 4 stochastics align before triggering an entry. ✔ Clean, non-intrusive visualization with TradingView’s built-in icons. ✔ Standalone indicator—does not execute trades but provides strong entry confirmations. This indicator offers a simple yet powerful visual cue for traders looking to time their entries effectively. 🚀
Pine Script™ indicator
by robhartwig
1
Timecode° – The Hidden Key to Institutional MovesSummary: Institutions know where the market is headed, but they need to manipulate the price to grab liquidity before making their move. The market fakes you out first → Then it moves in the real direction! This trick happens consistently in the last 10 minutes of every hour (xx:50 - xx:00). Timecode° Time & Price Window Breakdown 1️⃣ Time Manipulation (xx:50 - xx:00) - Institutions create a **false move** to trigger stop-losses and mislead retail traders. - This phase is a **liquidity hunt**, not the real direction. 2️⃣ Price Delivery (xx:00 - xx:10) - Once liquidity is taken, price moves in the real direction based on institutional positioning. - This is where the **true institutional order flow** kicks in. 3️⃣ The Institutional Playbook - Price doesn’t move randomly—it moves based on liquidity and execution at key time windows (like xx:50 - xx:10). - The fake move is designed to create imbalances, allowing institutions to enter at optimal prices. 🔑 How to Use This in Trading** - Don’t chase breakouts between xx:50 - xx:59.Wait for confirmation. - Look for liquidity grabs near key levels.** Institutions love to sweep these before the real move. - Watch price behavior at xx:00 - xx:10.** This is where the trend shift often happens. This method is not just price action—it’s price action within institutional time windows. That’s what separates smart traders from trapped retail traders! 🚀
Pine Script™ indicator
by thydethofficial
2
Supertrend by siosi This script enhances the Supertrend indicator by integrating trend detection, price rejection signals, and market session highlights. 🔹 Objective: Identify potential trend reversals, price rejections, and key trading sessions to provide better market insights. 🔹 Features: Supertrend Indicator – Uses ATR-based calculation to determine market trends. Rejection Signals – Highlights when price touches and rejects key Supertrend levels. Market Session Highlighting – Colors the background for New York, London, and Asian trading sessions. Customizable Inputs – Allows users to adjust trend parameters, session times, and signal visibility. Alerts – Notifies users of trend changes and price rejections.
Pine Script™ indicator
by JaimeAvalos
1