OPEN-SOURCE SCRIPT
Expert Trader: Pro Scalp Dashboard
Description
Overview This indicator is a comprehensive trading system designed for Scalpers and Day Traders who operate on lower timeframes (1M, 5M, 15M) but need to respect the higher timeframe (HTF) context. It combines on-chart technical analysis tools with a sophisticated Multi-Timeframe (MTF) Information Dashboard to identify high-probability setups and filter out risky entries.
Key Features
1. The "Pro Scalp" Dashboard Located on the right side of your screen, this panel provides real-time situational awareness without the need to switch charts:
MTF Momentum (WaveTrend): Monitors the 1H and 4H WaveTrend cycles.
Strategy: Look for trade entries on your current timeframe that align with the 1H and 4H Trend Bias (e.g., Only Long when HTF is Green).
Risk Filtration (MTF RSI): Automatically flags dangerous entry zones.
Alerts: Displays "NO LONG (Risk)" or "NO SHORT (Risk)" if the 1H or 4H RSI indicates overbought or oversold conditions, protecting you from buying tops or selling bottoms.
Volume "BANG!" Detection: Compares current volume against the 20-period average.
Trigger: Flashes "BANG! 💥" when volume spikes (default: 2.5x average), signaling institutional activity or a breakout.
ADX Strength: indicates whether the market is trending or ranging.
2. On-Chart Technical Structure
Dual DEMA (50 & 200): Double Exponential Moving Averages provide a faster, more responsive trend baseline than standard EMAs, reducing lag for scalping entries.
Bollinger Bands: Visualizes volatility expansion and mean reversion levels.
How to Use
Bullish Setup: Price is above DEMA 50/200 + Dashboard shows 1H/4H WaveTrend "LONG" + Volume shows "BANG!".
Bearish Setup: Price is below DEMA 50/200 + Dashboard shows 1H/4H WaveTrend "SHORT".
Caution: Avoid entries when the Dashboard RSI filters show "Risk" or ADX is below 20 (Choppy Market).
Settings
DEMA Lengths: Fully customizable.
Volume Factor: Adjust the sensitivity of the volume spike detection.
Dashboard Position: Fixed to the middle-right for better visibility.
Overview This indicator is a comprehensive trading system designed for Scalpers and Day Traders who operate on lower timeframes (1M, 5M, 15M) but need to respect the higher timeframe (HTF) context. It combines on-chart technical analysis tools with a sophisticated Multi-Timeframe (MTF) Information Dashboard to identify high-probability setups and filter out risky entries.
Key Features
1. The "Pro Scalp" Dashboard Located on the right side of your screen, this panel provides real-time situational awareness without the need to switch charts:
MTF Momentum (WaveTrend): Monitors the 1H and 4H WaveTrend cycles.
Strategy: Look for trade entries on your current timeframe that align with the 1H and 4H Trend Bias (e.g., Only Long when HTF is Green).
Risk Filtration (MTF RSI): Automatically flags dangerous entry zones.
Alerts: Displays "NO LONG (Risk)" or "NO SHORT (Risk)" if the 1H or 4H RSI indicates overbought or oversold conditions, protecting you from buying tops or selling bottoms.
Volume "BANG!" Detection: Compares current volume against the 20-period average.
Trigger: Flashes "BANG! 💥" when volume spikes (default: 2.5x average), signaling institutional activity or a breakout.
ADX Strength: indicates whether the market is trending or ranging.
2. On-Chart Technical Structure
Dual DEMA (50 & 200): Double Exponential Moving Averages provide a faster, more responsive trend baseline than standard EMAs, reducing lag for scalping entries.
Bollinger Bands: Visualizes volatility expansion and mean reversion levels.
How to Use
Bullish Setup: Price is above DEMA 50/200 + Dashboard shows 1H/4H WaveTrend "LONG" + Volume shows "BANG!".
Bearish Setup: Price is below DEMA 50/200 + Dashboard shows 1H/4H WaveTrend "SHORT".
Caution: Avoid entries when the Dashboard RSI filters show "Risk" or ADX is below 20 (Choppy Market).
Settings
DEMA Lengths: Fully customizable.
Volume Factor: Adjust the sensitivity of the volume spike detection.
Dashboard Position: Fixed to the middle-right for better visibility.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.