TRADE ORBIT : SCALPING STRATEGIES-1

13 hours ago

📘 Description – Stochastic + EMA/SMA + OBV Filtered Buy/Sell (First Signal Only)

This indicator combines Stochastic momentum, EMA/SMA trend filters, and OBV volume confirmation to generate high-quality first Buy/Sell signals after confirmed reversals.

🔍 Core Components

Stochastic (140,30,30):

When %K > %D → Blue background (bullish momentum)

When %K < %D → Black background (bearish momentum)

EMA/SMA Trend Filters:

EMA 9, EMA 30, EMA 100 → Identify short-, mid-, and long-term trend alignment.

SMA 34 (High/Low) → Define dynamic trend channel or range levels.

OBV (On-Balance Volume) Filter:

Calculates cumulative buying/selling pressure.

Buy condition: OBV > SMA(50) of OBV

Sell condition: OBV < SMA(50) of OBV

💡 Filtered Signal Logic

The script plots only the first Buy or Sell signal after a confirmed reversal.

Repeated signals in the same direction are suppressed until an opposite signal appears.

Helps reduce noise and false triggers during sideways markets.

🎨 Visual Elements

Background: Blue for bullish (%K > %D), Black for bearish (%K < %D).

Buy Signal: Green triangle below bar (first after bearish trend).

Sell Signal: Red triangle above bar (first after bullish trend).

Plots: EMA9 (yellow), EMA30 (teal), EMA100 (red), SMA34 High (orange), SMA34 Low (aqua).

🧭 Usage Tips

Look for Buy signals during blue backgrounds and when price is above EMA30/EMA100.

Look for Sell signals during black backgrounds and when price is below EMA30/EMA100.

Combine with higher-timeframe trend confirmation for stronger setups.
USE IN 3/5/10/15 MIN TIME FRAME
TARGET MIN 20 TO 30 POINT

9 hours ago

Release Notes

USE IN 3/5/10/15 MIN TIME FRAME
TARGET MIN 20 TO 30 POINT
RSI TABLE AVAILABLE