OPEN-SOURCE SCRIPT
Pro Scalper v9.0 [MTF Dashboard | Premium]
. Trading Philosophy: "Total Confluence"
The strategy does not rely on a single indicator but on a confluence score (0 to 7). For a BUY or SELL signal to be generated, several conditions must align simultaneously:
Trend Structure: Alignment of the EMAs (9, 21, 50, 200).
Higher Timeframe (HTF) Trend: Analysis of the H1 timeframe to ensure trading in the direction of the major flow.
Trend Strength: Use of the ADX indicator to avoid "flat" or ranging markets.
Momentum: RSI (between 45-65 for buys) and MACD (positive and rising histogram).
Price Action: Detection of specific candlestick patterns (Engulfing, Hammers, Shooting Stars).
Volatility & Volume: Squeeze filter (Bollinger vs. Keltner) and volume exceeding its average.
The strategy does not rely on a single indicator but on a confluence score (0 to 7). For a BUY or SELL signal to be generated, several conditions must align simultaneously:
Trend Structure: Alignment of the EMAs (9, 21, 50, 200).
Higher Timeframe (HTF) Trend: Analysis of the H1 timeframe to ensure trading in the direction of the major flow.
Trend Strength: Use of the ADX indicator to avoid "flat" or ranging markets.
Momentum: RSI (between 45-65 for buys) and MACD (positive and rising histogram).
Price Action: Detection of specific candlestick patterns (Engulfing, Hammers, Shooting Stars).
Volatility & Volume: Squeeze filter (Bollinger vs. Keltner) and volume exceeding its average.
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.