A very simple and highly effective strategy LONG & SHORT that combines only 2 indicators:
3 Moving Average Exponential (EMA)
LONG Entry conditions are:
EMA 20 cross over EMA 10
EMA 10 is above EMA 100
LONG Exit conditions are:
RSI greater than 70
Or when X number of candles have passed and the trade is in profit. (Check Settings)
I added the following filters for entry signals to the VuManChu B with divergences for use as a scalping indicator. You will need to load the 50 EMA and this indicator to trade this per the rules below
The rules for trading this are as follows; You can only take a long or short entry when all of these requirements match
The wave cross is under the zero line...
This script would find potential reversal price zones according to RSI over bought or sell condition and big reversal candle.
It works better in range markets and lower time frames like 5M and especially in Support/Resistance zones.
Suit for scalping in forex or crypto markets.
* Use it as a trade assistant not a trade signal!
This strategy is inspired by a youtuber called Joel on Crypto. He trades this using Ema, MACD indicators and his own experience. For more information, check out his Best Crypto Scalping Strategy for the 5 Min Time Frame video. I have tried to automate this a little.
Long or Short trades are determined with a crossing of the fast Ema over the slow Ema for Long and...
Based on the Ichimoku Cloud indicator, the Scalping Ichimoku is a strategy applied in a simple form.
How the strategy works?
The indicator will watch two filters from the Ichimoku Cloud indicator. The first one is when the price crosses the cloud (over or under). The second filter is when the conversion line crosses the baseline (over or under). When both...
Modified VWAP to use scalping in lower timeframe.
Use 1minute TF for best results but can also use up to 30min.
This indicator is made for crypto but may also work for other assets.
The bands serve as support and resistance and used for opening quick profit position if conditions below are met:
Blue - modified rolling vwap
An aggressive scalping indicator designed for short timeframes.
Made up of:
- The 21 and 55 EMA, but these are customisable to be any length and either the: ema, sma, tema, hma or wma
- The TD sequential
- Support & resistance zones which are indicated by red and green shaded horizontal areas
The TD numbers 8 and 9 signal a possible turning point, especially if...
This system can be used on all timeframes. It works on scalping, daytrading and swing trading.
Its made from a Baseline slow and fast , together with MACD, Stochastic RSI and a risk management for SL/TP using pip points and a trailing stop .
The strategy for entry its the next one:
We first wait for the cross between the baselines.
Once this happens, then we...
This 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...
Still on holidays but I don't and will never forget you <3
I realize more and more that you guys don't only want some indicators and learn about pinescript. You also want some guidance and get some mentors providing you with comprehensive and simple trading methods and tricks.
I'm against those posting many scripts a day that in the end will make...
Original Version found here:
-Changed source used to `close` as i think this is a much more expected level for future S/R on a retest (obviously subjective)
-Removed the majority of the plots as they were melting my CPU.
-Added Alert functionality on the closest S/R levels
~~-Tried doing some...
This is a test of an easy scalping method: buy if actual close is below forecast close and sell if actual close is above forecast close. Take profit and stop loss shall be very small (few pips) as in most of scalping strategies.
No filter is used for only long or only short positions, but you can select buy only or sell only based on other indicators or whatever...
This code is a custom made backtest for a Metatrader 4 EA that is being sold by another person at this link www.mql5.com I made this backtest myself to see how the EA would perform. I don't have the author's source code, but by looking at how the EA ran, it was very easy to see how it worked. When using this backtest,...
This script uses the highs and lows of the candles (instead of the close) to make a "channel" to reference while scalping.
Use the green lower line as a guide to go long and the red upper line as a guide to go short. You may use the lines as potential entry points and direction but you may want to consider exiting before the opposite colored line prints, as that...
System is based on TMA Bands + OSMA + EMA Zone. Signal is generated when:
- price recently touched lower or upper band
- price is crossing EMA Zone
- OSMA is aligned in direction of trade to be taken
Natural Target would be opposite band set by TMA.
- Ultimate VWAP Bands is a script that helps to decide and further clarify areas of oversold and overbought conditions.
- For example, when the price is in the lowest band it is extremely oversold relative to the VWAP . Hence it should be considered a good place to buy with a high risk to reward payoff.
- Each band is set at a fixed offset away from the VWAP ....
Gann Square of 9 is one of the many brilliant concepts from W.D.Gann himself where it revolves around the idea that price is moving in a certain geometrical pattern. Numbers on the Square of 9 spiral tables, especially those lie in every 45degree in the chart act as key vibration levels where prices have tendency to react to (more on the table below)....