OPEN-SOURCE SCRIPT
Squeeze/IntraDay Scalps
Squeeze / Intraday Scalps is a momentum-based intraday trading tool designed to help traders identify high-probability entry opportunities during strong directional moves. The indicator combines adjustable EMA crossover signals (5, 9, 21, and 34 are presets, but all customizable inputs) with higher-timeframe MAs (50 and 100 are preset, but can be adjusted as well as being EMAs or SMAs) and volume confirmation to filter out low-quality signals and highlight moments when momentum aligns with broader trend conditions.
Intended for intraday scalping and short-term options trading. The signals generated are dynamic, meaning a signal may trigger on the 5 minute chart, but not the 15M based on user-defined conditions; not meant to be a standalone entry signal, only used with other indicators for confirmation.
Customization Inputs:
• EMA and MA visibility
• MA types (EMA or SMA)
• Signal cooldown timing
• Label or triangle signal style
• Moving average colors
• Optional 50 and 100 MA structure filters
• Dashboard gradient strength
Dashboard provides a quick market readout of the following:
Trend – Bullish, Bearish, or Chop
Signal Status – Call, Put, Cooldown, or None
Volume Context – Supportive or Light
Gradient intensity reflects strength of the underlying condition, providing a visual gauge of momentum.
Signal Logic
Call Signals
A CALL signal is generated when:
• The 5 EMA crosses above the 9 EMA
• Price is trading above the 34 EMA
• The broader structure is bullish
• The cooldown timer allows a new signal (cooldown is also adjustable by minutes)
Put Signals
A PUT signal is generated when:
• The 5 EMA crosses below the 9 EMA
• Price is trading below the 34 EMA
• The broader structure is bearish
• The cooldown timer allows a new signal
Volume
Volume is compared to a 20-period average to determine whether market participation is strong enough to support the move.
The dashboard identifies when volume is:
• Supportive – momentum is likely sustainable
• Light – moves may lack conviction
Calculations and Best Uses
Signals generate following three passing conditions:
1. Momentum Trigger
• 5 EMA crossing above 9 EMA → Potential CALL signal
• 5 EMA crossing below 9 EMA → Potential PUT signal
This identifies when short-term momentum begins shifting.
2. Trend Structure Filter
Momentum signals are only triggered when the broader structure supports them. It evaluates:
• EMA 21 vs EMA 34 (core trend direction)
• Optional 50 MA (intermediate structure)
• Optional 100 MA (macro trend filter)
This prevents signals from firing against the general market direction.
3. Price Position Filter
Signals a call or put when previous two conditions are met and current price is trending:
• CALL signals require price above the 34 EMA
• PUT signals require price below the 34 EMA
This helps avoid entries in the middle of consolidation. However, given this is not always the case, the inputs are adjustable to allow traders to bypass this if they feel it's a good trade even if this final condition isn't met.
Author
© TylerisTrading
Intended for intraday scalping and short-term options trading. The signals generated are dynamic, meaning a signal may trigger on the 5 minute chart, but not the 15M based on user-defined conditions; not meant to be a standalone entry signal, only used with other indicators for confirmation.
Customization Inputs:
• EMA and MA visibility
• MA types (EMA or SMA)
• Signal cooldown timing
• Label or triangle signal style
• Moving average colors
• Optional 50 and 100 MA structure filters
• Dashboard gradient strength
Dashboard provides a quick market readout of the following:
Trend – Bullish, Bearish, or Chop
Signal Status – Call, Put, Cooldown, or None
Volume Context – Supportive or Light
Gradient intensity reflects strength of the underlying condition, providing a visual gauge of momentum.
Signal Logic
Call Signals
A CALL signal is generated when:
• The 5 EMA crosses above the 9 EMA
• Price is trading above the 34 EMA
• The broader structure is bullish
• The cooldown timer allows a new signal (cooldown is also adjustable by minutes)
Put Signals
A PUT signal is generated when:
• The 5 EMA crosses below the 9 EMA
• Price is trading below the 34 EMA
• The broader structure is bearish
• The cooldown timer allows a new signal
Volume
Volume is compared to a 20-period average to determine whether market participation is strong enough to support the move.
The dashboard identifies when volume is:
• Supportive – momentum is likely sustainable
• Light – moves may lack conviction
Calculations and Best Uses
Signals generate following three passing conditions:
1. Momentum Trigger
• 5 EMA crossing above 9 EMA → Potential CALL signal
• 5 EMA crossing below 9 EMA → Potential PUT signal
This identifies when short-term momentum begins shifting.
2. Trend Structure Filter
Momentum signals are only triggered when the broader structure supports them. It evaluates:
• EMA 21 vs EMA 34 (core trend direction)
• Optional 50 MA (intermediate structure)
• Optional 100 MA (macro trend filter)
This prevents signals from firing against the general market direction.
3. Price Position Filter
Signals a call or put when previous two conditions are met and current price is trending:
• CALL signals require price above the 34 EMA
• PUT signals require price below the 34 EMA
This helps avoid entries in the middle of consolidation. However, given this is not always the case, the inputs are adjustable to allow traders to bypass this if they feel it's a good trade even if this final condition isn't met.
Author
© TylerisTrading
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
// © TylerisTrading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
// © TylerisTrading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.