OPEN-SOURCE SCRIPT
Combined Screener Indicators
Updated
Key Features
VWAP (Volume Weighted Average Price):
Tracks intraday price movement to identify fair value levels, critical for scalping strategies.
Stochastic %K and %D:
Highlights overbought and oversold conditions, with %K for quick signals and %D for smoother trend confirmation.
Breakout & Breakdown Signals:
Automatically detects when price breaks key resistance or support levels, helping identify trade opportunities.
ATR-Based Stop Loss & Target Zones:
Dynamically calculated risk management levels, allowing for disciplined trade planning.
Multi-Timeframe RSI:
Simultaneously displays 1-hour and 4-hour RSI values to confirm trend strength across timeframes.
Dynamic Screener Table:
Displays real-time values for VWAP, Stochastic indicators, and ATR in a clean and compact table.
How to Use
Scalping:
Use the VWAP and Stochastic values to identify intraday reversals or continuation trades.
Swing Trading:
Combine Breakout/Breakdown signals with multi-timeframe RSI to confirm trend strength and direction.
Risk Management:
Use the ATR-based Stop Loss and Target Zones for disciplined entries and exits.
Alerts:
Enable alerts for breakout and breakdown conditions to capture opportunities without constant monitoring.
Why Choose This Indicator?
Combines multiple technical tools into one easy-to-use solution.
Saves time by automating key calculations and visualizations.
Suitable for both novice and advanced traders looking to optimize their strategies.
VWAP (Volume Weighted Average Price):
Tracks intraday price movement to identify fair value levels, critical for scalping strategies.
Stochastic %K and %D:
Highlights overbought and oversold conditions, with %K for quick signals and %D for smoother trend confirmation.
Breakout & Breakdown Signals:
Automatically detects when price breaks key resistance or support levels, helping identify trade opportunities.
ATR-Based Stop Loss & Target Zones:
Dynamically calculated risk management levels, allowing for disciplined trade planning.
Multi-Timeframe RSI:
Simultaneously displays 1-hour and 4-hour RSI values to confirm trend strength across timeframes.
Dynamic Screener Table:
Displays real-time values for VWAP, Stochastic indicators, and ATR in a clean and compact table.
How to Use
Scalping:
Use the VWAP and Stochastic values to identify intraday reversals or continuation trades.
Swing Trading:
Combine Breakout/Breakdown signals with multi-timeframe RSI to confirm trend strength and direction.
Risk Management:
Use the ATR-based Stop Loss and Target Zones for disciplined entries and exits.
Alerts:
Enable alerts for breakout and breakdown conditions to capture opportunities without constant monitoring.
Why Choose This Indicator?
Combines multiple technical tools into one easy-to-use solution.
Saves time by automating key calculations and visualizations.
Suitable for both novice and advanced traders looking to optimize their strategies.
Release Notes
buyOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
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.