OPEN-SOURCE SCRIPT
Scalping Strategy
//version=5
strategy("Scalping Strategy", overlay=true)
// Indicators
ma50 = ta.sma(close, 50)
ema20 = ta.ema(close, 20)
ema200 = ta.ema(close, 200)
rsi = ta.rsi(close, 14)
osc = ta.stoch(close, high, low, 14)
vol = volume
// Trend Confirmation
bullishTrend = ema20 > ema200 and close > ma50
bearishTrend = ema20 < ema200 and close < ma50
// RSI Divergence Detection
rsiOverbought = rsi > 70
rsiOversold = rsi < 30
// Oscillator Confirmation
oscBull = osc < 20
oscBear = osc > 80
// Volume Confirmation
highVolume = vol > ta.sma(vol, 20)
// Entry Conditions
buySignal = bullishTrend and rsiOversold and oscBull and highVolume
sellSignal = bearishTrend and rsiOverbought and oscBear and highVolume
// Execute Trades
if buySignal
strategy.entry("Buy", strategy.long)
if sellSignal
strategy.entry("Sell", strategy.short)
// Plot indicators
plot(ma50, color=color.blue, title="MA 50")
plot(ema20, color=color.green, title="EMA 20")
plot(ema200, color=color.red, title="EMA 200")
strategy("Scalping Strategy", overlay=true)
// Indicators
ma50 = ta.sma(close, 50)
ema20 = ta.ema(close, 20)
ema200 = ta.ema(close, 200)
rsi = ta.rsi(close, 14)
osc = ta.stoch(close, high, low, 14)
vol = volume
// Trend Confirmation
bullishTrend = ema20 > ema200 and close > ma50
bearishTrend = ema20 < ema200 and close < ma50
// RSI Divergence Detection
rsiOverbought = rsi > 70
rsiOversold = rsi < 30
// Oscillator Confirmation
oscBull = osc < 20
oscBear = osc > 80
// Volume Confirmation
highVolume = vol > ta.sma(vol, 20)
// Entry Conditions
buySignal = bullishTrend and rsiOversold and oscBull and highVolume
sellSignal = bearishTrend and rsiOverbought and oscBear and highVolume
// Execute Trades
if buySignal
strategy.entry("Buy", strategy.long)
if sellSignal
strategy.entry("Sell", strategy.short)
// Plot indicators
plot(ma50, color=color.blue, title="MA 50")
plot(ema20, color=color.green, title="EMA 20")
plot(ema200, color=color.red, title="EMA 200")
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.