OPEN-SOURCE SCRIPT
X-Scalp by Logicat
X-Scalp by Logicat — Clean-Range MTF Scalper
Turn noisy intraday action into clear, actionable scalps. X-Scalp builds “Clean Range” zones only when three timeframes agree (default: M30/M15/M5), then waits for a single, high-quality M5 confirmation to print a BUY/SELL label. It’s fast, simple, and ruthlessly focused on precision.
What it does
Clean Range zones: Drawn from the last completed M30 candle only when M30/M15/M5 align (all green or all red).
Size filter (pips): Ignore tiny, low-value ranges with a configurable minimum height (auto-pip detection included).
Extend-until-mitigated: Zones stretch right and “freeze” on first mitigation (close inside or close beyond, your choice). Optional fade when mitigated.
Laser M5 entries (one per box):
Red M5 bar inside a green zone → SELL
Green M5 bar inside a red zone → BUY
Prints once per zone on the closed M5 candle—no spam.
Quality of life: Keep latest N zones, customizable colors, optional H4 reference lines, alert conditions for both zone creation and entries.
Why traders love it
Clarity: Filters chop; you see only aligned zones and one clean trigger.
Speed: Designed for scalpers on FX, XAU/USD, indices, and more.
Control: Tune lookback, pip threshold, mitigation logic, and visuals to fit your playbook.
Tips
Use on liquid sessions for best results.
Combine with your risk model (fixed R, partials at mid/edge, etc.).
Backtest different pip filters per symbol.
Disclaimer: No indicator guarantees profits. Trade responsibly and manage risk.
Turn noisy intraday action into clear, actionable scalps. X-Scalp builds “Clean Range” zones only when three timeframes agree (default: M30/M15/M5), then waits for a single, high-quality M5 confirmation to print a BUY/SELL label. It’s fast, simple, and ruthlessly focused on precision.
What it does
Clean Range zones: Drawn from the last completed M30 candle only when M30/M15/M5 align (all green or all red).
Size filter (pips): Ignore tiny, low-value ranges with a configurable minimum height (auto-pip detection included).
Extend-until-mitigated: Zones stretch right and “freeze” on first mitigation (close inside or close beyond, your choice). Optional fade when mitigated.
Laser M5 entries (one per box):
Red M5 bar inside a green zone → SELL
Green M5 bar inside a red zone → BUY
Prints once per zone on the closed M5 candle—no spam.
Quality of life: Keep latest N zones, customizable colors, optional H4 reference lines, alert conditions for both zone creation and entries.
Why traders love it
Clarity: Filters chop; you see only aligned zones and one clean trigger.
Speed: Designed for scalpers on FX, XAU/USD, indices, and more.
Control: Tune lookback, pip threshold, mitigation logic, and visuals to fit your playbook.
Tips
Use on liquid sessions for best results.
Combine with your risk model (fixed R, partials at mid/edge, etc.).
Backtest different pip filters per symbol.
Disclaimer: No indicator guarantees profits. Trade responsibly and manage risk.
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.