OPEN-SOURCE SCRIPT
M15_Scalp_V1
This is how I personally set up M15 scalping on EURUSD. Specifically during the London/NY overlap, I built it to search for one high-conviction trend reversal every day. How it operates Selective Entry: Identifies reversals early without purchasing the peak by using a tight SuperTrend and RSI filter. Institutional Filter: To ensure that it only activates when actual money is affecting the market, I included a volume check. Risk First: Based on a 2% risk of my entire balance, it automatically determines lot sizes. One Shot: To prevent overtrading and high-spread hours, trading is restricted to one setup per day between 11:00 AM and 10:00 PM IST. Configuration: Ideal for the M15 period
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.