OPEN-SOURCE SCRIPT
Intraday Scalping with PVT
Key Features:
PVT Analysis: Tracks price momentum and volume strength for accurate trend identification.
Volume Threshold: Ensures signals are triggered only during high-volume periods, improving reliability.
Scalping Signals:
Buy Signal: PVT crosses above its moving average.
Sell Signal: PVT crosses below its moving average.
Customizable Parameters:
PVT moving average length.
Volume threshold multiplier for better adaptability to different stocks and timeframes.
Visual Indicators: Arrows on the chart to highlight buy/sell points for quick decision-making.
Alert Support: Get notified of potential trades in real time via alerts.
Use Case:
This script is ideal for traders looking to capitalize on short-term price movements in highly liquid NSE stocks. Works best on lower timeframes (1-minute, 5-minute) and during market hours with high volatility.
PVT Analysis: Tracks price momentum and volume strength for accurate trend identification.
Volume Threshold: Ensures signals are triggered only during high-volume periods, improving reliability.
Scalping Signals:
Buy Signal: PVT crosses above its moving average.
Sell Signal: PVT crosses below its moving average.
Customizable Parameters:
PVT moving average length.
Volume threshold multiplier for better adaptability to different stocks and timeframes.
Visual Indicators: Arrows on the chart to highlight buy/sell points for quick decision-making.
Alert Support: Get notified of potential trades in real time via alerts.
Use Case:
This script is ideal for traders looking to capitalize on short-term price movements in highly liquid NSE stocks. Works best on lower timeframes (1-minute, 5-minute) and during market hours with high volatility.
Open-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.
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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.