[blackcat] L1 Fast Scalp Profiter
█ OVERVIEW
L1 Fast Scalp Profiter is a fast oscillator for intraday and scalp
trading: it runs a two-speed stochastic engine, a weighted price-bias
line and a power oscillator, then turns them into a two-sided signal
system with exits, cooldown, ATR stop and target levels, a dashboard and
a full alert set.
█ CONCEPTS
• Two-Speed Oscillator: a fast and a slow smoothed stochastic line run
on a 0 to 100 scale. The fill between them turns green while the fast
line leads up and red while it falls back: the core scalp trigger.
• Power Oscillator: a wider lookback version of the same idea, measured
against the lowest low and the highest high. It shows where in the
range price sits, so a cross is read in context.
• Weighted Bias: three price-bias averages combined into one line. Deep
negative readings mark the watch zone of the original script.
• Signal governance: signals are entries, not orders. One position
state (long, short, flat) arbitrates every trigger, so the pane never
shows contradictory or repeated markers.
█ SIGNALS
On the oscillator pane
• Slow Line (green, thick), Mid Line (white), Fast Line (red), with a
green or red fill between slow and mid.
• E long entry, S short entry, RL and RS re-entry, XL and XS drawn as
an orange cross, W bias watch marker.
• Yellow and white step lines mark the bottom-power and top-power
states; dotted lines mark oversold and overbought.
• The pane background tints green while the state machine is long and
red while it is short.
Entry logic
• Long: the fast line crosses above the slow line while the power
oscillator is still in the lower part of its range and the weighted
bias is negative.
• Short: the mirror image, with the power oscillator in the upper part
and a positive bias.
• Optional second path: a power recovery out of the oversold or
overbought zone in the direction of the fast line.
Exit logic
• A reverse cross appears against the open position, or
• the power oscillator falls back out of the extreme zone, or
• optionally the weighted bias crosses its zero line against it.
█ HOW TO USE
1 — Add the indicator to any liquid instrument. It opens in its own
pane; the defaults reproduce the original V1 lengths and levels.
2 — Read the dashboard: position state, power value, bias value, ATR,
stop and target, HTF gate, remaining cooldown and last signal.
3 — Tune the entry filters before the oscillator: raise the Long Entry
Power Ceiling for aggressive scalps, lower it for pullback-only
entries.
4 — Keep the governance defaults (exclusivity plus a three bar cooldown)
unless you measure raw trigger frequency.
5 — Create alerts from the seven alertcondition entries, or use the
dynamic alerts that already carry power, bias, stop and target.
█ FEATURES
• Bidirectional entries with three exit mechanisms, cooldown and
same-bar exclusivity.
• ATR based stop and target levels in the data window and the table.
• Optional re-entry after an exit and an optional higher timeframe gate.
• Seven alertcondition entries plus four close confirmed dynamic alerts.
• Every length, weight and level hard-coded in V1 is now an input; the
unused V1 branches were removed.
█ IMPLEMENTATION NOTES
Pine v6. The oscillator core keeps the original V1 maths: a stochastic
range smoothed twice, three price biases combined by weight, and a
wide-range power measure. ta.crossover and ta.crossunder drive entries
and exits, ta.atr drives the risk levels. Divisions are guarded, so a
flat range yields a neutral 50. The optional higher timeframe gate reads
closed higher timeframe bars only, so it never repaints.
█ LIMITATIONS
• Built for fast timeframes; on very quiet or gappy data the oscillator
flattens and the crosses lose meaning.
• Stop and target levels are informational: this is an indicator, not a
strategy, so no orders are placed and no backtest is produced.
• The bias watch marker is a context hint, not a trade signal.
• Filters lower frequency, they do not remove false signals; test any
setup in a demo first.
█ NOTES
• Built on the open source V1 by blackcat1402; released under the
Mozilla Public License 2.0.
═════════════════════════════════════════════════════════════════════════
For questions or feedback, use the comments section below.
Feel free to use and modify — attribution appreciated.
L1 Fast Scalp Profiter is a fast oscillator for intraday and scalp
trading: it runs a two-speed stochastic engine, a weighted price-bias
line and a power oscillator, then turns them into a two-sided signal
system with exits, cooldown, ATR stop and target levels, a dashboard and
a full alert set.
█ CONCEPTS
• Two-Speed Oscillator: a fast and a slow smoothed stochastic line run
on a 0 to 100 scale. The fill between them turns green while the fast
line leads up and red while it falls back: the core scalp trigger.
• Power Oscillator: a wider lookback version of the same idea, measured
against the lowest low and the highest high. It shows where in the
range price sits, so a cross is read in context.
• Weighted Bias: three price-bias averages combined into one line. Deep
negative readings mark the watch zone of the original script.
• Signal governance: signals are entries, not orders. One position
state (long, short, flat) arbitrates every trigger, so the pane never
shows contradictory or repeated markers.
█ SIGNALS
On the oscillator pane
• Slow Line (green, thick), Mid Line (white), Fast Line (red), with a
green or red fill between slow and mid.
• E long entry, S short entry, RL and RS re-entry, XL and XS drawn as
an orange cross, W bias watch marker.
• Yellow and white step lines mark the bottom-power and top-power
states; dotted lines mark oversold and overbought.
• The pane background tints green while the state machine is long and
red while it is short.
Entry logic
• Long: the fast line crosses above the slow line while the power
oscillator is still in the lower part of its range and the weighted
bias is negative.
• Short: the mirror image, with the power oscillator in the upper part
and a positive bias.
• Optional second path: a power recovery out of the oversold or
overbought zone in the direction of the fast line.
Exit logic
• A reverse cross appears against the open position, or
• the power oscillator falls back out of the extreme zone, or
• optionally the weighted bias crosses its zero line against it.
█ HOW TO USE
1 — Add the indicator to any liquid instrument. It opens in its own
pane; the defaults reproduce the original V1 lengths and levels.
2 — Read the dashboard: position state, power value, bias value, ATR,
stop and target, HTF gate, remaining cooldown and last signal.
3 — Tune the entry filters before the oscillator: raise the Long Entry
Power Ceiling for aggressive scalps, lower it for pullback-only
entries.
4 — Keep the governance defaults (exclusivity plus a three bar cooldown)
unless you measure raw trigger frequency.
5 — Create alerts from the seven alertcondition entries, or use the
dynamic alerts that already carry power, bias, stop and target.
█ FEATURES
• Bidirectional entries with three exit mechanisms, cooldown and
same-bar exclusivity.
• ATR based stop and target levels in the data window and the table.
• Optional re-entry after an exit and an optional higher timeframe gate.
• Seven alertcondition entries plus four close confirmed dynamic alerts.
• Every length, weight and level hard-coded in V1 is now an input; the
unused V1 branches were removed.
█ IMPLEMENTATION NOTES
Pine v6. The oscillator core keeps the original V1 maths: a stochastic
range smoothed twice, three price biases combined by weight, and a
wide-range power measure. ta.crossover and ta.crossunder drive entries
and exits, ta.atr drives the risk levels. Divisions are guarded, so a
flat range yields a neutral 50. The optional higher timeframe gate reads
closed higher timeframe bars only, so it never repaints.
█ LIMITATIONS
• Built for fast timeframes; on very quiet or gappy data the oscillator
flattens and the crosses lose meaning.
• Stop and target levels are informational: this is an indicator, not a
strategy, so no orders are placed and no backtest is produced.
• The bias watch marker is a context hint, not a trade signal.
• Filters lower frequency, they do not remove false signals; test any
setup in a demo first.
█ NOTES
• Built on the open source V1 by blackcat1402; released under the
Mozilla Public License 2.0.
═════════════════════════════════════════════════════════════════════════
For questions or feedback, use the comments section below.
Feel free to use and modify — attribution appreciated.
Don't miss out! The first and most important thing to do is to join my Discord chat now! Click here to start your adventure: discord.com/invite/ZTGpQJq My new github for more pine development soon: github.com/wxt-coder
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
Don't miss out! The first and most important thing to do is to join my Discord chat now! Click here to start your adventure: discord.com/invite/ZTGpQJq My new github for more pine development soon: github.com/wxt-coder
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน