Price change scalping short and long strategyPrice change scalping Short and Long strategy uses a rate of change momentum oscillator to calculate the percent change in price between a period of time. Rate of change calculation takes the current price and compares it to a price of "n" periods while the period of time can be defined by a user. The calculated rate of change value is then compared to the upper threshold and the lower threshold values to determine if a position should be opened. If the threshold is crossed and filtering conditions are met a strategy position will be triggered. Entry, take profit, and stop loss prices are calculated and displayed on the chart as well as positions directions. Once the entry price is crossed, a long or short position is created and once the take profit price is crossed, the stop loss price will begin to trail behind the price action using the close of the previous bar. Once the trailing stop price is crossed, the position is closed. If the entry price is not crossed and the price action crosses the stop level, the trade setup is cancelled. The strategy is enhanced by DCA algorithm which allows to average entry price with safety orders. The script also allows to use Martingale coefficient to increase averaging power
Advantages of this script:
Strategy has high net profit of 293% at backtests
Backtests show high accuracy around 71%
High frequency and low duration of trades
Can be used with short-term timeframes ranging from 5 to 60 minutes
Strategy is sustainable to market slumps due to DCA implementation
Can be used for short and long positions (can be adjusted to long only, short only or both)
Can be applied to any market and quote currency
Easy to configure user interface settings
Built in detailed statistic menu
How to use?
1. Apply the strategy to a trading pair your are interested in using 5 to 60 minutes timeframe chart
2. Configure the strategy: change layer values, order size multiple and take profit/stop loss values according to current market cycle stage
3. Set up a TradingView alert to trigger when strategy conditions are met
4. Strategy will send alerts when to enter and when to exit positions which can be applied to your portfolio using external trading platforms
5. Update settings once market conditions are changed using backtests on a monthly period
ค้นหาในสคริปต์สำหรับ "scalping"
Price Change Scalping Strategy v1.0Introduction
This strategy uses a price rate of change (ROC) momentum calculation to determine the percent change in price between a defined range of bars. The calculated ROC value is then compared to the Upper Threshold and Lower Threshold values to determine if a trade setup is to be activated. If the threshold is crossed, a trade setup will occur based on the indicator settings. Entry, Take Profit, and Stop Loss prices are calculated and displayed on the chart. Once the Entry Price is crossed, a long or short position is created (depending on the direction) and once the Take Profit price is crossed, the position is closed. If the Entry Price is not crossed within a specific number of bars, the trade setup is canceled, and it will proceed to monitor price changes for the next set up.
How is it original and useful?
This strategy is unique in that the strategy version fully supports the TradingView backtester, which will enable you to perform experiments with various settings to evaluate performance using the historical chart data. The study version implements numerous custom alerts for you to build TradingView notifications around specific price action events and stay informed with market activity in real-time. Both script versions will provide the same configuration abilities where you can define:
Define a short or long trading strategy.
Price change data source and offset settings.
Your layering placement relative to the entry price.
Your trading parameters like take profit and stop loss offsets, exchange commission rates, trading start time, and order size multiplication for each layer.
Flexible trade eligibility rules that can use other chart indicators, like RSI or EMA, to exclude the selection of entry prices for trading.
The visibility of detailed statistics from the chart history pertaining to trading sessions started and closed, session durations, win rate, price action drops and bounces, as well as layer utilization.
How does it compare to other scripts in the Public Library?
The strategy offers a very detailed, comprehensive settings to address all types of markets found on TradingView where you can implement the price change scalping strategy. The strategy version can be considered the first of its kind on TradingView to leverage the backtester to provide informative, detailed performance measurements surrounding this unique trading strategy. The study version will contain numerous custom alerts to aid in your notification preferences and stay informed on the indicator's activities:
Price Crossed Above Threshold
Price Crossed Below Threshold
Enter Long Position
Exit Long Position
Enter Short Position
Exit Short Position
Price Crossed DCA Layer 1 (Long)
Price Crossed DCA Layer 2 (Long)
Price Crossed DCA Layer 3 (Long)
Price Crossed DCA Layer 4 (Long)
Price Crossed DCA Layer 5 (Long)
Price Crossed DCA Layer 6 (Long)
Price Crossed DCA Layer 7 (Long)
Price Crossed DCA Layer 8 (Long)
Price Crossed DCA Layer 1 (Short)
Price Crossed DCA Layer 2 (Short)
Price Crossed DCA Layer 3 (Short)
Price Crossed DCA Layer 4 (Short)
Price Crossed DCA Layer 5 (Short)
Price Crossed DCA Layer 6 (Short)
Price Crossed DCA Layer 7 (Short)
Price Crossed DCA Layer 8 (Short)
Strategy Results
The default settings are designed to define a "loose" price change settings to ensure that the indicator will render chart elements when first loaded as well as to allow the backtester to gather order executions and display performance summary. The strategy version is using $10,000 initial capital, a commission rate of 0.1% for both entries and exits, and a 1 tick slippage setting. It is also using 2.74506% of the equity with a Order Size Multiplier of 1.33, using 8 total DCA layers, and a take profit of 2% with no stop loss. All other settings are defaults.
It is recommended that the indicator be "tuned" for your specific market in order to best implement the price change strategy and obtain better desirable results. You do so by scrolling through the chart's history and observing moments when prices tend to move rapidly. Measure the number or bars it typcially takes for the price to change at a specific rate. Using this information, you can adjust the Price Change Settings accordingly to configure the indicator for the chart.
Always keep in mind that past performance may not be indicative of future results. Settings that seem favorable for one market may be found to be disastrous in another. Therefore, do take the time needed to understand how the settings will behave with the given chart symbol.
Enjoy! 😊👍
How to obtain access to the script?
You have two choices:
Use the "Website" link below to obtain access to this indicator, or
Send us a private message (PM) in TradingView itself.
CRYPTO TRADING BOT - 1min SCALPING LONG/SHORTHOW IT WORKS
The core concept behind the script is the determination of the current market mood in sense of creating a trendline indicator using EMA / SMA .
By using this trend indication alongside RSI / MACD value range, we are able to enter/exit the market in both directions: LONG and SHORT .
In case of confirmed false signals, we try to catch up the next good opportunity to minimise loss and to close the current trade.
If the chance for a good countertrade is given at this point, the market is going to be entered reversely.
Should the market move incredibly fast against our trade direction, we use proven Stop-loss targets, to bring our children into safety.
As many others, we could tell you now, that we used state-of-the-art machine learning algorithms
as well as highly sophisticated methods to gain our results.
As a fact, we started with an idea, using simple and common trading tools/indicators,
as a solid ground. We did not want to reinvent the wheel and it paid off.
GET A WORKING SCRIPT
The algorithm we are using has initially been created with a self-developed backtesting software.
To be able to deliver gas to our engine, we have bought a huge amount of OHLCV data for the 1min chart.
After many exhausting and frustrating weeks of our workflow-rotation (develop, fail, fix, test, repeat)
we finally got confirmation for all of our conditions/expectations, so we translated our algorithm into pine-code.
THE RESULTS
Since we have been using our Pine-Strategy alongside our backtesting software , we checked all the results provided by TradingView
and our tool to be 100% sure every outcome, every entry and every exit is exactly the same.
We did this for several months and since 2021 June we have been using it with real Alerts, coped to our binance account.
Below, you will find how the performance for the previous months looked like (every trade was made with 100% of the capital, of course using proper stop loss and take profit):
September 2020: 15.18%
October 2020: 36.17%
November 2020: 15.12%
December 2020: 48.58%
January 2021: 150.10%
February 2021: 45.96%
March 2021: 46.48%
April 2021: 4.96%
May 2021: 43.48%
June 2021: -28.99%
Juli 2021: 15.63%
August 2021 (so far): 11.57%
Accumulated Profit: 1,979.01%
To prove our results, we will link an excel sheet for every trade that was made within this timerange.
Link: docs.google.com
ABOUT US
We are two good friends, both incredibly interested in mathematics, software engineering, AI and algorithmics. After getting introduced into the crypto space
by a common friend, we started figuring out that there is a pattern behind every big or small move which happens in an asset.
This is where the passion for creating a CRYPTO TRADING BOT began. It was our goal, to create this script for the 1min Timeframe, so the software can react quickly when a
big or small move is happening - this is why it is called a SCALPING SCRIPT .
We are incredibly proud of this script and would like to share it with this amazing community - just hit us up on TradingView!
PA Researcher Perfect Auto-Scalping [NASDAQ]This is PA Researcher Perfect Auto-Scalping Indicator for NQ1!
Amazing Hit Ratio on 3min/5min chart
No Repainting
FX Scalping Indicators (Revised)This is an edit from: 1 minute 'Forex Scalping Strategy'
Added realistic Stop/Loss + Take Profit
Now works fluently with 1-15 Minute charts.
Adjusted EMA lengths
Tested on other majors and provides the same if not better results. (:
I'll be using this upon open and will update with live results.
Bimex Scalping [PlungerMen] 15mHello!
This free community edition is very good for a 15 minute time frame
This Script is very well used as it works by itself and very well used in conjunction with the "Bitmex Long Short" script, both compliment for each other. the "Bitmex Long Short" script is Free, you can find it
If you want to be more accurate and more efficient, more comfortable when you do not want to see too many other indicators, you can register for our Professional edition.
- The Professional Edition supports Level 1 and Level 2 commands, which are very effective in allocating funds and optimizing your profits
Besides that,You will be supported by personal preferences, profit maximization
- Register for a Professional version will be used 2 Script,Bimex Scalping Pro and Bitmex Long Short Pro
- We will invite you to the signal channel with the announcement of the bottom and the peak of the BTC ,the big variable variable has exists
We hope you enjoy this script. Your support will help us develop more good quality scripts in the future to serve the community
**Remember, Like this script and posivite feedback if you are satisfied**
if you have any questions Plz post a comment ... below here
******
Thanks
Camelback ScalpingThis is a port of Camelback scalping strategy (google it for more info).
It looks profitable in tradingview.
I'm testing it also with MT4 and next step will be jforex testing.
If you are interested in ex4 file for metatrader let me know through comment section.
Thanks for your feedbaks.
PS: note that this strategy works well at higher time frames too.
Scalping Line Strategy📌 Scalping Line Strategy – A Precision Crossover System
🔎 Overview
The Scalping Line Strategy is a short-term trading system built around the concept of momentum-driven crossovers between a smoothed moving average filter and a fast signal line. It is designed for scalpers and intraday traders who seek clear entry signals, minimal lag, and adaptive filtering to fit volatile market conditions.
At its core, the strategy uses a custom signal line ("Scalping Line"), which is derived from the difference between a double-smoothed moving average and a shorter-period signal line. Trade entries are triggered when this Scalping Line crosses above or below zero, providing a clean and rules-based framework for both long and short setups.
⚙️ Core Logic
Main Trend Filter – A double-smoothed moving average is calculated over a configurable period (default 100). This reduces noise and provides a more robust backbone for scalping signals.
Percent-Based Filter – To avoid false signals, a customizable percentage filter adjusts how closely the system “respects” price deviations from the moving average. This helps filter out insignificant fluctuations.
Signal Line – A shorter-period simple moving average (default 7) provides faster responsiveness to recent price action.
Scalping Line (SLI) – Calculated as the difference between the fast signal line and the smoothed moving average. When the SLI crosses zero, it signals a potential momentum shift.
SLI > 0 → Momentum bias is bullish.
SLI < 0 → Momentum bias is bearish.
🎯 Trade Direction & Flexibility
Trade Direction Control:
Choose between Long Only, Short Only, or Both to tailor the system to your trading style.
Signal Flip Option:
By default, long entries occur when the SLI crosses below zero, and shorts when it crosses above zero. This orientation can be flipped, allowing for alternative interpretations of the signals depending on how you want to capture momentum in your market.
🕒 Time Window Filtering
For intraday traders, a time filter can be enabled to restrict signals to specific trading sessions (e.g., 9 AM – 4 PM EST). This is particularly useful when trading assets such as equities or futures that have strong intraday volatility windows.
📈 Visuals & Clarity
Scalping Line Plot: Displayed as a dynamic oscillator around a zero baseline.
Histogram Fill: Green when above zero (bullish bias), red when below zero (bearish bias).
Signal Markers: Clear arrows mark long and short entries at crossover points.
Zero Line Reference: A flat gray line at zero assists in visually gauging momentum shifts.
🚀 Strategy Execution
Long Entry: Triggered when SLI crosses below zero (or above zero if flip is enabled) within allowed session hours.
Short Entry: Triggered when SLI crosses above zero (or below zero if flip is enabled) within allowed session hours.
Built-in Signal Cancels: Pending entries are canceled if conditions are no longer valid, ensuring no stale trades remain active.
✅ Best Use Cases
Markets: Works across equities, forex, crypto, and futures with sufficient intraday volatility.
Timeframes: Most effective on 1m to 15m charts for scalping setups, but adaptable to higher frames for swing trading.
Style: Traders who appreciate simple, rules-based momentum crossovers will find this system easy to follow and highly adaptable.
⚠️ Risk Management Note
This strategy is strictly an entry signal framework. Position sizing, stop-loss, and take-profit rules must be overlaid based on your risk management style. Always validate results with backtesting and forward testing before applying to live trading accounts.
📜 Final Thoughts
The Scalping Line Strategy offers a refined, easy-to-interpret approach to intraday trading. By combining smoothed moving averages, adaptive filtering, and flexible signal options, it helps traders identify short-term momentum shifts with clarity and confidence, making it a highly configurable tool for scalping-focused strategies.
Scalping Strategy By TradingConTotoScript Description: "Scalping Strategy By TradingConToto"
This scalping strategy is designed to trade in volatile markets, taking advantage of rapid price movements. It uses pivots to identify key entry and exit points, along with exponential moving averages (EMAs) to determine the overall trend.
Key Features:
Dynamic Pivots: Calculates pivot highs and lows to identify support and resistance zones, improving entry accuracy.
Market Trend Analysis: Utilizes a 100-period EMA for long-term trend analysis and a 25-period EMA for short-term trends, facilitating informed decision-making.
Automated Entry and Exit: Generates buy and sell signals based on EMA crossovers and specific market conditions, ensuring you don't miss opportunities.
Risk Management: Allows you to set take profit and stop loss levels tailored to market volatility, using the ATR for effective risk management.
User-Friendly Interface: Easily customize strategy parameters such as pivot range, stop loss and take profit pips, and spread.
Requirements:
Ideal for use on short time frames during high activity sessions, like the configured scalping session.
Activate buy and sell options according to your preference and analyze performance using TradingView’s tools.
Note:
This script is a tool and does not guarantee results. It is recommended to test in a simulated environment before applying it to real accounts.
Optimize your scalping operations and enhance your market performance with this effective strategy!
Scalping 15min: EMA + MACD + RSI + ATR-based SL/TP📈 Strategy: 15-Minute Scalping — EMA + MACD + RSI + ATR-based SL/TP
This scalping strategy is designed for 15-minute charts and combines trend-following and momentum confirmation with dynamic stop loss and take profit levels based on volatility.
🔧 Indicators Used:
EMA 50 — identifies the main trend
MACD Histogram — confirms momentum direction
RSI (14) — filters overbought/oversold conditions
ATR (14) — dynamically sets SL and TP based on market volatility
📊 Entry Conditions:
Long Entry:
Price is above EMA 50
MACD histogram is positive
RSI is above 50 but below 70
Short Entry:
Price is below EMA 50
MACD histogram is negative
RSI is below 50 but above 30
🛑 Risk Management:
Stop Loss: 1×ATR (user-configurable)
Take Profit: 2×ATR (user-configurable)
These values can be adjusted in the script inputs depending on your risk/reward preference or market conditions.
⚠️ Notes:
Strategy is optimized for scalping fast-moving pairs (e.g. crypto, forex).
Works best in trending markets.
Use backtesting and forward testing before live trading.
PeBAS FX ScalperMy Forex Scalping Script
Use in 5 Min Chart, TP = 20 PIP'S. (Maximum 15 Min Chart with 30PIPS - not higher, not lower!)
Close @20 PIP'S!
USE STOP LOSS 150 PIP Maximum!!!!!!!
Turn Position when it's @ -50 PIP or close it.
USE STOP LOSS 150 PIP Maximum!!!!!!!
Trade only at the Main-Times (EurUSD 9 -18.00 European Time and so on!)
Take a look, and have fun!
This Script is not repainting, but it's really only for Scalping! Dont use for long-time-Trades, dont use for DAX, DJI, SPX and so on!
Play with the magic Parameters, may be you'll find better ones!
Hope you like it, would be glad to hear from you.
scalping with market facilitationThis strategy is for scalping low timeframes for 10 pips. I have yet to see a strategy with this unique combo of indicators.
First we have volume indicator market facilitation, where we are looking for volume and mfi to be up, then we want the adx 5 to be above level 30 and above its ema period 3, then if these conditions are good we take shorts when ema 8 is below ema 100 and longs when ema8 is above ema 100 with parabolic sar in its propet place, also to verify trend we have obv over or under its ema of 55 and macd line over its signal line.
I have heikenashi bars on with the regular priceline showing so j see actual price levels, when i get a buy signal i set a buystop above the high of that bar and have a stoploss of 7.5 pips and a take profit of 10 pips, reverse for sells, i have to use metatrader to trade so i use this as my signals to trade.
Note this is not advice trade at your own risk no guarantees in anything in life, but i wanted to share this for it is helping me with my trades to be more strict and semi mechanical. I use it for forex time frames 1 3 5 15 mjn
Scalping Trading System bot Crypto and StocksThis is a trend trading strategy scalping bot that can work with any type of market. However I concluded my tests so far with Crypto, Stocks and Forex, and with optimizations always could be found some profitable settings.
Indicators
SImple Moving Average
Exponential Moving Average
Keltner Channels
MACD Histogram
Stochastics
Rules for entry
long= Close of the candle bigger than both moving averages and close of the candle is between the top and bot levels from Keltner. At the same time the macd histogram is negative and stochastic is below 50.
short= Close of the candle smaller than both moving averages and close of the candle is between the top and bot levels from Keltner. At the same time the macd histogram is positive and stochastic is above 50.
Rules for exit
We exit when we meet an opposite reverse order.
This strategy has no risk management inside, so use it with caution !
scalping against trapped countertrendAbstract
This script attempts to find the end of countertrend.
This script uses oscillators to measure long term and short period trends. When the long term trend keeps positive and clear short term period is over, this script provides a buy signal.
This script does not contain pullback, cut loss and re-enter. You need to add it manually.
Introduction
Many traders want to buy when long term trend is bullish and short term pullback is over.
This is because we can take advantage to the emotion of countertrend traders.
Countertrend traders realizes their profit is finite and therefore want to protect their profit well and limit their loss.
This script is inspired by a searchable trading strategy video.
The video mentioned 4 points.
(1) long term trend. The video did not spend much ink on this point. You can use any method to observe.
(2) clear pullback bar (at least 50% body)
(3) weak bar after clear pullback
(4) entry trigger buy stop
This script attempts to quantize these points to determine trading direction.
This script is originally designed for timeframes lower than examples in the video but you can apply it on any timeframe.
Computing and Adjusting
(1) long term trend
This script uses smoothed stochastic.
(2) clear pullback bar
Since this script is originally designed for timeframes lower than examples in the video, so the condition becomes:
RSI is low enough
(3) weak bar after clear pullback
RSI goes back from low level.
(4) entry trigger buy stop
This script does not include this condition.
You can decide enter when buy stop or pullback.
Parameters
x_src : the value for computing oscillators
x_len_a : how many bars for measuring short term trend
x_len_b : how many bars for measuring long term trend
x_k_b : smooth long term trend, the average value of stochastic values
x_changk = check if clear short term pullback appears recently. 1 means do not use, larger numbers means how long of periods to check.
x_rsi_ct : threshold of short term pullback clear
x_rsi_ft : threshold of short term pullback end
Reading numbers in Strategy Tester
Most possible loss :
(1) to find rational pullback. Generally 1/3 to 2/3 atr.
(2) to find cut loss distance. Generally 1 to 2 atr.
Most possible profit :
to find if trading the opposite direction against this script is profitable.
Conclusion
This script can suggest us trading direction.
Waiting for pullback can reduce risk, compared to buy stop.
This script does not provide good signals in sideways markets.
Reference
A searchable trading strategy video
scalping low lag tema etalCredit for original idea goes to 1 min forex scalping by mikegoryunov
Changes include several lower lag filters (See line 3 for a list)
and values for profit, loss, and trail_points (See lines 48:53)
a, b, & c represent fast, medium, and slow filters. Basic idea is to monitor
crossovers of the three filters to determine buy/sells. Exits occur quickly within
the next time interval.
Note that this may be used for stocks and forex. The time interval can vary widely.
I have concerns about how to incorporate transaction costs with so many transactions.
Scalping StrategyMy recent attempt to make an easy scalping trade strategy. The simple moving average (SMA) seems to work best, but multiple types are available to test. Might work better on higher time frames for swing trading, or as just another indicator to help identify bottoms.
SMA - Simple Moving Average
EMA - Exponential Moving Average
WMA - Weighted Moving Average
ALMA – Arnaud Legoux Moving Average.
VWMA - Volume Weighted Moving Average
TEMA - Triple Exponential Moving Average
DEMA - Double Exponential Moving Average
HMA - Hull Moving Average
LSMA - Least Squares Moving Average
TRIMA - Triangular Moving Average
SMMA - Smoothed Moving Average
KAMA - Kaufman's Adaptive Moving Average
FRAMA - Fractal Adaptive Moving Average
Scalping with Heikin Ashi candle pattern for BTCUSDThis strategy is based on a trading idea that works for me on crypto markets. I use this trading strategy manually from a couple of weeks.
It is based on 1 minute timeframe and heikin ashi candles.
Basically, the strategy places two pending orders in a certain moment of the market and scalp as many pips as possible. Then suddenly it exits before price correction.
The scope of this script is to back test the strategy on a larger period but due to trading view limitation it has to be done modifing the backtesting period manually.
If some of you want to test, please write in comment section.
Please use comment section for any feedback.
Next improvment (only to whom is interested to this script and follows me): study with alerts. Leave a comment if you want to have access to study.
Autoview/Profit Trailer Scalping StrategyScalping and Dollar Cost Averaging strategy specifically intended for use with Autoview + Profit Trailer.
Williams R Zone Scalper v1.0[BullByte]Originality & Usefulness
Unlike standard Williams R cross-over scripts, this strategy layers five dynamic filters—moving-average trend, Supertrend, Choppiness Index, Bollinger Band Width, and volume validation —and presents a real-time dashboard with equity, PnL, filter status, and key indicator values. No other public Pine script combines these elements with toggleable filters and a custom dashboard. In backtests (BTC/USD (Binance), 5 min, 24 Mar 2025 → 28 Apr 2025), adding these filters turned a –2.09 % standalone Williams R into a +5.05 % net winner while cutting maximum drawdown in half.
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What This Script Does
- Monitors Williams R (length 14) for overbought/oversold reversals.
- Applies up to five dynamic filters to confirm trend strength and volatility direction:
- Moving average (SMA/EMA/WMA/HMA)
- Supertrend line
- Choppiness Index (CI)
- Bollinger Band Width (BBW)
- Volume vs. its 50-period MA
- Plots blue arrows for Long entries (R crosses above –80 + all filters green) and red arrows for Short entries (R crosses below –20 + all filters green).
- Optionally sets dynamic ATR-based stop-loss (1.5×ATR) and take-profit (2×ATR).
- Shows a dashboard box with current position, equity, PnL, filter status, and real-time Williams R / MA/volume values.
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Backtest Summary (BTC/USD(Binance), 5 min, 24 Mar 2025 → 28 Apr 2025)
• Total P&L : +50.70 USD (+5.05 %)
• Max Drawdown : 31.93 USD (3.11 %)
• Total Trades : 198
• Win Rate : 55.05 % (109/89)
• Profit Factor : 1.288
• Commission : 0.01 % per trade
• Slippage : 0 ticks
Even in choppy March–April, this multi-filter approach nets +5 % with a robust risk profile, compared to –2.09 % and higher drawdown for Williams R alone.
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Williams R Alone vs. Multi-Filter Version
• Total P&L :
– Williams R alone → –20.83 USD (–2.09 %)
– Multi-Filter → +50.70 USD (+5.05 %)
• Max Drawdown :
– Williams R alone → 62.13 USD (6.00 %)
– Multi-Filter → 31.93 USD (3.11 %)
• Total Trades : 543 vs. 198
• Win Rate : 60.22 % vs. 55.05 %
• Profit Factor : 0.943 vs. 1.288
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Inputs & What They Control
- wrLen (14): Williams R look-back
- maType (EMA): Trend filter type (SMA, EMA, WMA, HMA)
- maLen (20): Moving-average period
- useChop (true): Toggle Choppiness Index filter
- ciLen (12): CI look-back length
- chopThr (38.2): CI threshold (below = trending)
- useVol (true): Toggle volume-above-average filter
- volMaLen (50): Volume MA period
- useBBW (false): Toggle Bollinger Band Width filter
- bbwMaLen (50): BBW MA period
- useST (false): Toggle Supertrend filter
- stAtrLen (10): Supertrend ATR length
- stFactor (3.0): Supertrend multiplier
- useSL (false): Toggle ATR-based SL/TP
- atrLen (14): ATR period for SL/TP
- slMult (1.5): SL = slMult × ATR
- tpMult (2.0): TP = tpMult × ATR
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How to Read the Chart
- Blue arrow (Long): Williams R crosses above –80 + all enabled filters green
- Red arrow (Short) : Williams R crosses below –20 + all filters green
- Dashboard box:
- Top : position and equity
- Next : cumulative PnL in USD & %
- Middle : green/white dots for each filter (green=passing, white=disabled)
- Bottom : Williams R, MA, and volume current values
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Usage Tips
- Add the script : Indicators → My Scripts → Williams R Zone Scalper v1.0 → Add to BTC/USD chart on 5 min.
- Defaults : Optimized for BTC/USD.
- Forex majors : Raise `chopThr` to ~42.
- Stocks/high-beta : Enable `useBBW`.
- Enable SL/TP : Toggle `useSL`; stop-loss = 1.5×ATR, take-profit = 2×ATR apply automatically.
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Common Questions
- * Why not trade every Williams R reversal?*
Raw Williams R whipsaws in sideways markets. Choppiness and volume filters reduce false entries.
- *Can I use on 1 min or 15 min?*
Yes—adjust ATR length or thresholds accordingly. Defaults target 5 min scalping.
- *What if all filters are on?*
Fewer arrows, higher-quality signals. Expect ~10 % boost in average win size.
---
Disclaimer & License
Trading carries risk of loss. Use this script “as is” under the Mozilla Public License 2.0 (mozilla.org). Always backtest, paper-trade, and adjust risk settings to your own profile.
---
Credits & References
- Pine Script v6, using TradingView’s built-in `ta.supertrend()`.
- TradingView House Rules: www.tradingview.com
Goodluck!
BullByte
Gold Scalping Strategy with Precise EntriesThe Gold Scalping Strategy with Precise Entries is designed to take advantage of short-term price movements in the gold market (XAU/USD). This strategy uses a combination of technical indicators and chart patterns to identify precise buy and sell opportunities during times of consolidation and trend continuation.
Key Elements of the Strategy:
Exponential Moving Averages (EMAs):
50 EMA: Used as the shorter-term moving average to detect the recent price trend.
200 EMA: Used as the longer-term moving average to determine the overall market trend.
Trend Identification:
A bullish trend is identified when the 50 EMA is above the 200 EMA.
A bearish trend is identified when the 50 EMA is below the 200 EMA.
Average True Range (ATR):
ATR (14) is used to calculate the market's volatility and to set a dynamic stop loss based on recent price movements. Higher ATR values indicate higher volatility.
ATR helps define a suitable stop-loss distance from the entry point.
Relative Strength Index (RSI):
RSI (14) is used as a momentum oscillator to detect overbought or oversold conditions.
However, in this strategy, the RSI is primarily used as a consolidation filter to look for neutral zones (between 45 and 55), which may indicate a potential breakout or trend continuation after a consolidation phase.
Engulfing Patterns:
Bullish Engulfing: A bullish signal is generated when the current candle fully engulfs the previous bearish candle, indicating potential upward momentum.
Bearish Engulfing: A bearish signal is generated when the current candle fully engulfs the previous bullish candle, signaling potential downward momentum.
Precise Entry Conditions:
Long (Buy):
The 50 EMA is above the 200 EMA (bullish trend).
The RSI is between 45 and 55 (neutral/consolidation zone).
A bullish engulfing pattern occurs.
The price closes above the 50 EMA.
Short (Sell):
The 50 EMA is below the 200 EMA (bearish trend).
The RSI is between 45 and 55 (neutral/consolidation zone).
A bearish engulfing pattern occurs.
The price closes below the 50 EMA.
Take Profit and Stop Loss:
Take Profit: A fixed 20-pip target (where 1 pip = 0.10 movement in gold) is used for each trade.
Stop Loss: The stop-loss is dynamically set based on the ATR, ensuring that it adapts to current market volatility.
Visual Signals:
Buy and sell signals are visually plotted on the chart using green and red labels, indicating precise points of entry.
Advantages of This Strategy:
Trend Alignment: The strategy ensures that trades are taken in the direction of the overall trend, as indicated by the 50 and 200 EMAs.
Volatility Adaptation: The use of ATR allows the stop loss to adapt to the current market conditions, reducing the risk of premature exits in volatile markets.
Precise Entries: The combination of engulfing patterns and the neutral RSI zone provides a high-probability entry signal that captures momentum after consolidation.
Quick Scalping: With a fixed 20-pip profit target, the strategy is designed to capture small price movements quickly, which is ideal for scalping.
This strategy can be applied to lower timeframes (such as 1-minute, 5-minute, or 15-minute charts) for frequent trade opportunities in gold trading, making it suitable for day traders or scalpers. However, proper risk management should always be used due to the inherent volatility of gold.
