OPEN-SOURCE SCRIPT
Bollinger Band Scalping
Bollinger Bands + 8/12/26 EMA scalping system. Fires when a candle's open AND close are both outside a BB, with three EMA-based take-profits.
This can generate 50–100 trades a day in volatile sessions. Optional 200 EMA trend filter so you only fade with the higher-TF trend. Auto-draws entry, SL (configurable %), TP1 (EMA 8), TP2 (EMA 12), TP3 (EMA 26).
How to use:
Run on 3m or 5m with above-average volume
Wait for "CCSS L" / "CCSS S" labels
Set limit orders at the dashed entry line, SL, and three TPs
Standard exit: 33% size at each TP
Best timeframes: 3m, 5m.
Alerts: CCSS Long, CCSS Short.
This can generate 50–100 trades a day in volatile sessions. Optional 200 EMA trend filter so you only fade with the higher-TF trend. Auto-draws entry, SL (configurable %), TP1 (EMA 8), TP2 (EMA 12), TP3 (EMA 26).
How to use:
Run on 3m or 5m with above-average volume
Wait for "CCSS L" / "CCSS S" labels
Set limit orders at the dashed entry line, SL, and three TPs
Standard exit: 33% size at each TP
Best timeframes: 3m, 5m.
Alerts: CCSS Long, CCSS Short.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.