Trend Scalper

7시간 전

The Trend Scalper is a simple EMA-based trend-following and scalping indicator designed to help traders identify potential long and short trading opportunities on any timeframe. It uses a three-EMA strategy to filter trades in the direction of the prevailing trend while refining entry signals based on price reactions to the EMAs.

Here’s how it works:

It calculates three Exponential Moving Averages (EMA) with customizable lengths (default: 9, 21, and 89).

A long signal is generated when the EMAs align in bullish order (EMA1 > EMA2 > EMA3) and the price low dips into the zone between EMA1 and EMA2. This indicates a pullback into short-term support while the broader trend remains bullish.

A short signal is generated when the EMAs align in bearish order (EMA1 < EMA2 < EMA3) and the price high rises into the zone between EMA1 and EMA2. This indicates a pullback into resistance within a bearish trend.

The EMAs are plotted on the chart for visual guidance, while buy and sell signals are displayed as up and down triangles directly on price bars.

Best use practices:

The indicator works best as a trend continuation scalping tool, aiming to join established market direction after minor pullbacks.

It is most effective on liquid assets and in trending market conditions. Avoid relying on signals during sideways or choppy markets.

For confirmation, combine with volume, momentum oscillators, or higher timeframe trend analysis.

Risk management is critical: consider setting stop losses beyond EMA zones or recent swing highs/lows, and use take profits that match your risk-reward plan.

This indicator provides clean, rule-based signals that help traders time entries within the broader context of the trend. It is not a standalone strategy but a tool to assist in disciplined trade execution.

7시간 전

릴리즈 노트

Added alert.

Users can utilize the alert functionality to know the instant price is between the emas.