OPEN-SOURCE SCRIPT
5MA＋TrendMagic + Disparity Scalping (SIMPLE FILTER)
5MA + Trend Filter + Disparity Scalping
This multi-purpose indicator combines a five-EMA trend structure, a volatility-based trend filter, and an ultra-fast scalping module to detect both trend continuation and sharp reversal opportunities.
It is suitable for scalping, day trading, and trend-following strategies.
🔹 Main Components
1️⃣ Five-EMA Trend Structure
Displays 9 / 20 / 50 / 100 / 200 EMA levels
Helps identify short-term and long-term market direction
Useful for support and resistance during trending markets
2️⃣ Volatility-Driven Trend Filter
Uses CCI and ATR to form a dynamic trailing line
The line switches color based on momentum direction
Can act as a trailing stop or trend confirmation filter
Helps avoid counter-trend entries
3️⃣ High-Volatility GOLD Signal
Detects sudden volatility expansions using ATR, Bollinger metrics, and volatility comparison (HV vs RV)
Marks rapid breakout situations with potential continuation setups
Available for all assets, optimized for highly volatile markets
4️⃣ Ultra-Fast Disparity Scalper
Measures price deviation from EMA5 and EMA10
Confirms exhaustion using RSI + momentum prediction from a custom RVI model
Generates early BUY/SELL reversal markers
Detects momentum shifts before price fully reacts
5️⃣ Simple Overheat Filter
Prevents trades in extremely overbought/oversold zones
Gray-colored signals indicate unsafe trades to avoid
🎯 Best Use Cases
Catching early reversals during fast movement
Identifying strong trend continuation after volatility expansion
Avoiding low-probability scalps in overheated conditions
Applying EMA structure for confluence with price action
⚠️ Note
This indicator is a decision-support tool, not a standalone signal generator.
For best precision, combine with:
Market structure
Volume analysis
Support / resistance levels
🏷️ Short Description (for compact field)
Multi-function tool combining 5EMA structure, volatility-based trend filtering, and ultra-fast reversal scalping using RSI + custom RVI momentum. Ideal for both trend continuation and rapid reversals.
This multi-purpose indicator combines a five-EMA trend structure, a volatility-based trend filter, and an ultra-fast scalping module to detect both trend continuation and sharp reversal opportunities.
It is suitable for scalping, day trading, and trend-following strategies.
🔹 Main Components
1️⃣ Five-EMA Trend Structure
Displays 9 / 20 / 50 / 100 / 200 EMA levels
Helps identify short-term and long-term market direction
Useful for support and resistance during trending markets
2️⃣ Volatility-Driven Trend Filter
Uses CCI and ATR to form a dynamic trailing line
The line switches color based on momentum direction
Can act as a trailing stop or trend confirmation filter
Helps avoid counter-trend entries
3️⃣ High-Volatility GOLD Signal
Detects sudden volatility expansions using ATR, Bollinger metrics, and volatility comparison (HV vs RV)
Marks rapid breakout situations with potential continuation setups
Available for all assets, optimized for highly volatile markets
4️⃣ Ultra-Fast Disparity Scalper
Measures price deviation from EMA5 and EMA10
Confirms exhaustion using RSI + momentum prediction from a custom RVI model
Generates early BUY/SELL reversal markers
Detects momentum shifts before price fully reacts
5️⃣ Simple Overheat Filter
Prevents trades in extremely overbought/oversold zones
Gray-colored signals indicate unsafe trades to avoid
🎯 Best Use Cases
Catching early reversals during fast movement
Identifying strong trend continuation after volatility expansion
Avoiding low-probability scalps in overheated conditions
Applying EMA structure for confluence with price action
⚠️ Note
This indicator is a decision-support tool, not a standalone signal generator.
For best precision, combine with:
Market structure
Volume analysis
Support / resistance levels
🏷️ Short Description (for compact field)
Multi-function tool combining 5EMA structure, volatility-based trend filtering, and ultra-fast reversal scalping using RSI + custom RVI momentum. Ideal for both trend continuation and rapid reversals.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.