OPEN-SOURCE SCRIPT
1 (or) 5-Minute Scalping Strategy - KGP
1-Minute Scalping Strategy - KGP
Overview: This indicator is designed for short-term traders who engage in 1 (or) 5-minute scalping. It combines several technical analysis tools to provide buy and sell signals, helping traders make informed decisions quickly.
Key Features:
VWAP (Volume Weighted Average Price):
Purpose: VWAP provides the average price a security has traded at throughout the day, based on both volume and price.
Usage: Helps identify the overall trend and potential entry points. When the price is above VWAP, it indicates a bullish trend; when below, it indicates a bearish trend.
RSI (Relative Strength Index):
Purpose: RSI measures the speed and change of price movements, indicating overbought or oversold conditions.
Usage: The RSI values between 30 and 70 are used to filter trades. A value above 70 indicates overbought conditions, while below 30 indicates oversold conditions.
Custom OBV (On Balance Volume):
Purpose: OBV uses volume flow to predict changes in stock price.
Usage: Helps confirm the strength of a trend. Increasing OBV indicates accumulation (buying pressure), while decreasing OBV indicates distribution (selling pressure).
Multi-Timeframe Analysis:
Purpose: Confirms signals by analyzing RSI on a higher timeframe (5-minute chart).
Usage: Ensures that signals on the 1-minute chart align with the broader trend on the 5-minute chart, reducing false signals.
Signals:
Buy Signal:
Triggered when the price crosses above the VWAP, and the RSI is between 50 and 70 on both the 1-minute and 5-minute charts.
Visual Cue: A green “BUY” label appears below the bar.'
Sell Signal:
Triggered when the price crosses below the VWAP, and the RSI is between 30 and 50 on both the 1-minute and 5-minute charts.
Visual Cue: A red “SELL” label appears above the bar.
Alerts:
Buy Alert: Notifies you when a buy signal is detected.
Sell Alert: Notifies you when a sell signal is detected.
Additional Visuals:
VWAP Line: Plotted in blue to show the average price based on volume.
OBV Line: Plotted in purple to indicate volume flow.
RSI Line: Plotted in orange with horizontal lines at 70 (overbought) and 30 (oversold) levels.
Overview: This indicator is designed for short-term traders who engage in 1 (or) 5-minute scalping. It combines several technical analysis tools to provide buy and sell signals, helping traders make informed decisions quickly.
Key Features:
VWAP (Volume Weighted Average Price):
Purpose: VWAP provides the average price a security has traded at throughout the day, based on both volume and price.
Usage: Helps identify the overall trend and potential entry points. When the price is above VWAP, it indicates a bullish trend; when below, it indicates a bearish trend.
RSI (Relative Strength Index):
Purpose: RSI measures the speed and change of price movements, indicating overbought or oversold conditions.
Usage: The RSI values between 30 and 70 are used to filter trades. A value above 70 indicates overbought conditions, while below 30 indicates oversold conditions.
Custom OBV (On Balance Volume):
Purpose: OBV uses volume flow to predict changes in stock price.
Usage: Helps confirm the strength of a trend. Increasing OBV indicates accumulation (buying pressure), while decreasing OBV indicates distribution (selling pressure).
Multi-Timeframe Analysis:
Purpose: Confirms signals by analyzing RSI on a higher timeframe (5-minute chart).
Usage: Ensures that signals on the 1-minute chart align with the broader trend on the 5-minute chart, reducing false signals.
Signals:
Buy Signal:
Triggered when the price crosses above the VWAP, and the RSI is between 50 and 70 on both the 1-minute and 5-minute charts.
Visual Cue: A green “BUY” label appears below the bar.'
Sell Signal:
Triggered when the price crosses below the VWAP, and the RSI is between 30 and 50 on both the 1-minute and 5-minute charts.
Visual Cue: A red “SELL” label appears above the bar.
Alerts:
Buy Alert: Notifies you when a buy signal is detected.
Sell Alert: Notifies you when a sell signal is detected.
Additional Visuals:
VWAP Line: Plotted in blue to show the average price based on volume.
OBV Line: Plotted in purple to indicate volume flow.
RSI Line: Plotted in orange with horizontal lines at 70 (overbought) and 30 (oversold) levels.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Haftungsausschluss
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