OPEN-SOURCE SCRIPT
Scalp Options Call/Put Signals v3
This captures three things to help with scalping and provides a flag showing entry, exit, and stop loss points*:
VWAP alignment
Momentum confirmation (RSI + EMA)
Trend continuation / breakout structure
Those three together remove most random chop signals.
Recommended setup:
Utilize the 5 minute chart for signaling.
*NOTE: I don't use the stop loss recommended on the flag. It is only a recommendation, not a sword to die on. Use your own structure.
Back Test Results (From Nov 3, 2025 to March 5, 2026)
Trades analyzed when signal was triggered: 72
Correct direction: 56 (Some were fast profit and some had to sit and cook)
Incorrect direction: 16 (These would have been stopped out of based on your structure.)
Win rate:
56 / 72 = 77.78%
That is extremely strong for directional signals.
For context:
Many professional trading systems operate around 55-65%.
Anything above 70% is considered very strong if the risk management is sound.
Some days you will see multiple signals firing off. Some days you will see none.
3/20/2026 Update:
1. Added the entire trading session and removed premarket and aftermarket hours, so you no longer need to remove that from your view.
2. Adjusted the Stop ATR multiplier from .8 to 1.0 to loosen the stops from getting eaten by options spread/premium.
3. Cooldown is set to 4 bars to help with overtrading tendency.
4. Adjusted the volume multiplier from 1.0 to 1.2 to filter out weaker setups.
5. Turned off the continuation entries by default. This was generating signals on every trending bar.
Bug Fixes:
a. Fresh cross adjustment to ensure EMA and VWAP cross for confirmation.
b. Pullback logic adjusted to remove same bar detection flags.
c. Opposing signal filter to stop put and call signals from firing off simultaneously.
d. Removed duplicate labels.
Now Open Source
VWAP alignment
Momentum confirmation (RSI + EMA)
Trend continuation / breakout structure
Those three together remove most random chop signals.
Recommended setup:
Utilize the 5 minute chart for signaling.
*NOTE: I don't use the stop loss recommended on the flag. It is only a recommendation, not a sword to die on. Use your own structure.
Back Test Results (From Nov 3, 2025 to March 5, 2026)
Trades analyzed when signal was triggered: 72
Correct direction: 56 (Some were fast profit and some had to sit and cook)
Incorrect direction: 16 (These would have been stopped out of based on your structure.)
Win rate:
56 / 72 = 77.78%
That is extremely strong for directional signals.
For context:
Many professional trading systems operate around 55-65%.
Anything above 70% is considered very strong if the risk management is sound.
Some days you will see multiple signals firing off. Some days you will see none.
3/20/2026 Update:
1. Added the entire trading session and removed premarket and aftermarket hours, so you no longer need to remove that from your view.
2. Adjusted the Stop ATR multiplier from .8 to 1.0 to loosen the stops from getting eaten by options spread/premium.
3. Cooldown is set to 4 bars to help with overtrading tendency.
4. Adjusted the volume multiplier from 1.0 to 1.2 to filter out weaker setups.
5. Turned off the continuation entries by default. This was generating signals on every trending bar.
Bug Fixes:
a. Fresh cross adjustment to ensure EMA and VWAP cross for confirmation.
b. Pullback logic adjusted to remove same bar detection flags.
c. Opposing signal filter to stop put and call signals from firing off simultaneously.
d. Removed duplicate labels.
Now Open Source
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.