Scalping Strategy with Fib, MAs, Heiken Ashi, MACD

This script is a scalping strategy indicator for TradingView that incorporates multiple technical analysis tools, including Fibonacci levels, Moving Averages (MAs), Heiken Ashi candles, and MACD to identify potential buy and sell opportunities.

Key Components:
Moving Averages (MAs)

Exponential Moving Averages (EMA) of 34, 89, 200, and 600 periods.
Used to determine the trend direction.
Heiken Ashi Candles

Smoothed candle values for trend clarity.
MACD (Moving Average Convergence Divergence)

Uses a 12-period fast, 26-period slow, and 9-period signal line.
Identifies momentum shifts via crossovers.
Fibonacci Retracement Levels

Supports 38.2%, 50%, and 61.8% retracement levels.
Helps identify key support and resistance zones.
Trading Logic:
Uptrend: Price is above all EMAs (34 > 89 > 200 > 600).
Downtrend: Price is below all EMAs.
Buy Signal:
Price is in an uptrend.
MACD line crosses above the signal line.
Close price is above 34 EMA.
Sell Signal:
Price is in a downtrend.
MACD line crosses below the signal line.
Close price is below 34 EMA.
Visual Elements:
Buy signals are plotted with green upward arrows.
Sell signals are plotted with red downward arrows.
EMA lines are color-coded for easy trend analysis.
Fibonacci retracement levels are plotted if valid.
Purpose:
Designed for short-term trading (scalping).
Helps traders identify high-probability trend-based entry and exit points.
Works well in trending markets but may require adjustments in ranging conditions.