OPEN-SOURCE SCRIPT
Momentum Scalper for 5M and 15M
Description: This indicator is designed specifically for scalping on 5-minute and 15-minute timeframes. It combines three powerful elements to generate clear buy and sell signals: How it Works: EMA Crossover (9 & 21) – Detects short-term momentum shifts
RSI Filter – Avoids entries in extreme overbought (>65) or oversold (<35) conditions
Candle Confirmation – Only triggers when a strong directional candle appears (big body candle)
Buy Signal (Green "BUY" label): Fast EMA crosses above slow EMA + RSI oversold + strong bullish candle
Sell Signal (Red "SELL" label): Fast EMA crosses below slow EMA + RSI overbought + strong bearish candle
Benefits of this Indicator: Reduces false signals with triple confirmation
Works well in trending markets
Clean and easy to read on lower timeframes
Helps scalpers catch quick moves with better timing
How to Trade with it: Best Timeframes: 5M and 15M
Best Sessions: London Open and New York Open (high volatility)
Assets: Gold (XAUUSD), EURUSD, GBPUSD, BTCUSD
Risk Management: Use tight stop loss (5-10 pips on forex, $50-100 on gold) and target 1:2 risk-reward or more
Note: This indicator is for educational purposes only. It is not financial advice. Always back test, practice on demo, and use proper risk management. No indicator guarantees profits.
#Scalping #TradingIndicator #RSI #EMA #BuySellSignal #Gold #Forex
RSI Filter – Avoids entries in extreme overbought (>65) or oversold (<35) conditions
Candle Confirmation – Only triggers when a strong directional candle appears (big body candle)
Buy Signal (Green "BUY" label): Fast EMA crosses above slow EMA + RSI oversold + strong bullish candle
Sell Signal (Red "SELL" label): Fast EMA crosses below slow EMA + RSI overbought + strong bearish candle
Benefits of this Indicator: Reduces false signals with triple confirmation
Works well in trending markets
Clean and easy to read on lower timeframes
Helps scalpers catch quick moves with better timing
How to Trade with it: Best Timeframes: 5M and 15M
Best Sessions: London Open and New York Open (high volatility)
Assets: Gold (XAUUSD), EURUSD, GBPUSD, BTCUSD
Risk Management: Use tight stop loss (5-10 pips on forex, $50-100 on gold) and target 1:2 risk-reward or more
Note: This indicator is for educational purposes only. It is not financial advice. Always back test, practice on demo, and use proper risk management. No indicator guarantees profits.
#Scalping #TradingIndicator #RSI #EMA #BuySellSignal #Gold #Forex
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
✅ ACCOUNT MANAGEMENT
t.me/Traderrr57
✅ XAUUSD MARKET UPDATE
t.me/+UamB2uCTUtkzMmQ0
✅ XAUUSD BACKUP CHANNEL
t.me/+mDhkrPtwZ4o1ZTE0
XM BROKER
PARTNER CODE : K4HPT
t.me/Traderrr57
✅ XAUUSD MARKET UPDATE
t.me/+UamB2uCTUtkzMmQ0
✅ XAUUSD BACKUP CHANNEL
t.me/+mDhkrPtwZ4o1ZTE0
XM BROKER
PARTNER CODE : K4HPT
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
✅ ACCOUNT MANAGEMENT
t.me/Traderrr57
✅ XAUUSD MARKET UPDATE
t.me/+UamB2uCTUtkzMmQ0
✅ XAUUSD BACKUP CHANNEL
t.me/+mDhkrPtwZ4o1ZTE0
XM BROKER
PARTNER CODE : K4HPT
t.me/Traderrr57
✅ XAUUSD MARKET UPDATE
t.me/+UamB2uCTUtkzMmQ0
✅ XAUUSD BACKUP CHANNEL
t.me/+mDhkrPtwZ4o1ZTE0
XM BROKER
PARTNER CODE : K4HPT
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.