OPEN-SOURCE SCRIPT
EMA Cross + RSI Scalping Strategy
One of the best scalp trading strategies is the "EMA Cross + RSI" strategy. It combines trend-following with momentum confirmation, making it effective for short-term trades.
Key Components:
Exponential Moving Averages (EMAs):
Use a fast EMA (e.g., 9-period) and a slow EMA (e.g., 21-period).
The crossover of the fast EMA above the slow EMA signals a potential buy opportunity.
The crossover of the fast EMA below the slow EMA signals a potential sell opportunity.
Relative Strength Index (RSI):
Use a 14-period RSI to confirm momentum.
For buy signals, RSI should be above 50 (bullish momentum).
For sell signals, RSI should be below 50 (bearish momentum).
Time Frame:
This strategy works best on 1-minute, 5-minute, or 15-minute charts.
Risk Management:
Use a stop-loss below the recent swing low (for buys) or above the recent swing high (for sells).
Aim for a risk-reward ratio of 1:1.5 or 1:2.
Key Components:
Exponential Moving Averages (EMAs):
Use a fast EMA (e.g., 9-period) and a slow EMA (e.g., 21-period).
The crossover of the fast EMA above the slow EMA signals a potential buy opportunity.
The crossover of the fast EMA below the slow EMA signals a potential sell opportunity.
Relative Strength Index (RSI):
Use a 14-period RSI to confirm momentum.
For buy signals, RSI should be above 50 (bullish momentum).
For sell signals, RSI should be below 50 (bearish momentum).
Time Frame:
This strategy works best on 1-minute, 5-minute, or 15-minute charts.
Risk Management:
Use a stop-loss below the recent swing low (for buys) or above the recent swing high (for sells).
Aim for a risk-reward ratio of 1:1.5 or 1:2.
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.