1 (or) 5-Minute Scalping Strategy - KGP

9월 4일

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.