OPEN-SOURCE SCRIPT
Updated 5EMA + Volume Spikes + Ultra Fast Scalp V3
Description
This indicator combines 5 EMAs, volume spike detection, and an ultra-fast scalping system designed for short-term trading.
The scalping logic uses a fixed + ATR hybrid price deviation, filtered by RSI and CCI to capture extreme overbought/oversold conditions while avoiding overheated zones.
It also includes previous day levels (high, low, body high/low) extended into the current session for clear intraday reference.
Optimized for fast scalping and momentum fades on lower timeframes.
This indicator combines 5 EMAs, volume spike detection, and an ultra-fast scalping system designed for short-term trading.
The scalping logic uses a fixed + ATR hybrid price deviation, filtered by RSI and CCI to capture extreme overbought/oversold conditions while avoiding overheated zones.
It also includes previous day levels (high, low, body high/low) extended into the current session for clear intraday reference.
Optimized for fast scalping and momentum fades on lower timeframes.
Release Notes
5EMA + Volume Spikes + Ultra Fast Scalp V3This indicator combines trend, volatility, momentum, and key levels into one powerful scalping toolkit.
🔹 5 EMA Trend Structure
Displays 9 / 20 / 50 / 100 / 200 EMAs for clear trend alignment and dynamic support/resistance.
🔹 Volume Spike Detection
Identifies significant volume spikes with optional filters:
Valid swing highs/lows
Hammer & shooting star confirmation
Same-color candle filter
Session filter
🔹 Ultra Fast Disparity Scalper
High-speed reversal signals based on:
EMA9 price disparity (ATR hybrid threshold)
RSI overbought/oversold
CCI extreme confirmation
Includes an optional overheat filter to avoid dangerous entries.
🔹 Previous Day Levels (Fully Customizable)
Plots:
Previous High
Previous Low
Previous Body High
Previous Body Low
Previous Wick Midline (customizable ON/OFF, color, width, style)
Designed for fast intraday trading and structured scalp setups.
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.