Zaktualizowano
SP Shetty's Scalping indicator
SP Shetty's Scalping Indicator is a robust trend-continuation and pullback strategy built specifically for lower-timeframe momentum trading (optimized for XAUUSD 5-minute charts). It combines a dual Exponential Moving Average (5 EMA and 34 EMA) setup with a strict consecutive-close exhaustion filter to capture high-probability entries while filtering out market noise.
Key Features
Dynamic EMA Trend Structure: Utilizes a fast 5 EMA (blue) and slow 34 EMA (orange) baseline to track immediate momentum shifts.
Exhaustion & Pullback Filter (min_closes): Requires price to sustain a minimum number of consecutive closes beyond the 34 EMA before qualifying a pullback setup, ensuring the market has genuinely stretched before reversing.
Smart Invalidation Logic: Automatically tracks setup extremes and invalidates pending signals if price breaks the setup candle's high/low boundary prematurely—protecting against failed breakouts.
Clear Signal Markers: Prints explicit green BUY and red SELL arrows on the chart upon successful structural confirmation and cross triggers.
Suggested Settings
Timeframe: 5-Minute (5m) to 15-Minute (15m)
Asset Class: Forex / Gold (XAUUSD)
Fast EMA Length: 5
Slow EMA Length: 34
Lookback Period: 10
Min Closes Beyond 34 EMA: 5
Key Features
Dynamic EMA Trend Structure: Utilizes a fast 5 EMA (blue) and slow 34 EMA (orange) baseline to track immediate momentum shifts.
Exhaustion & Pullback Filter (min_closes): Requires price to sustain a minimum number of consecutive closes beyond the 34 EMA before qualifying a pullback setup, ensuring the market has genuinely stretched before reversing.
Smart Invalidation Logic: Automatically tracks setup extremes and invalidates pending signals if price breaks the setup candle's high/low boundary prematurely—protecting against failed breakouts.
Clear Signal Markers: Prints explicit green BUY and red SELL arrows on the chart upon successful structural confirmation and cross triggers.
Suggested Settings
Timeframe: 5-Minute (5m) to 15-Minute (15m)
Asset Class: Forex / Gold (XAUUSD)
Fast EMA Length: 5
Slow EMA Length: 34
Lookback Period: 10
Min Closes Beyond 34 EMA: 5
Informacje o Wersji
ersion Update:Updated to Pine Script v6.
Cleaned up the chart layout by hiding the underlying 5 EMA and 34 EMA lines (display=display.none) while keeping all signal calculations fully active in the background.
Informacje o Wersji
Added dynamic alertcondition and alert functions for both BUY and SELL signals.Triggers notifications automatically when a buy or sell signal fires on the chart, allowing you to easily set up custom mobile or desktop alerts via TradingView's alert menu
SP Shetty
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
SP Shetty
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.