OPEN-SOURCE SCRIPT
Scalper Overlay with RSI Bars & Key Levels
Scalper Overlay with RSI Bars & Key Levels
A comprehensive trading indicator that combines price action patterns, supply/demand zones, and multiple technical analysis tools to help identify potential trading opportunities across different timeframes.
Key Features:
1. Supply and Demand Zones
- Automatically identifies and plots supply and demand zones based on swing highs and lows
- Break of Structure (BOS) detection when price breaks through zones
- Customizable zone width and history settings
- Visual distinction between supply (resistance) and demand (support) zones
2. Moving Average System
- Four Smoothed Moving Averages (SMMA):
- 20 SMMA (Green)
- 50 SMMA (Blue)
- 100 SMMA (Yellow)
- 200 SMMA (Red)
- Trend fill between EMA(2) and SMMA(200) for quick trend visualization
- Green fill indicates bullish trend
- Red fill indicates bearish trend
3. Pattern Detection
Multiple candlestick pattern alerts including:
- Three Line Strike (Bullish/Bearish)
- Three White Soldiers and Three Black Crows
- Harami Patterns (Bullish/Bearish)
- Engulfing Patterns (Bullish/Bearish)
4. RSI-Based Candle Coloring
- Dynamic candle coloring based on RSI levels
- Customizable overbought (70) and oversold (30) levels
- Helps identify potential reversal zones
5. Trading Session Visualization
- Customizable trading session times
- Multiple timezone support
- Day-of-week selection
- Visual session highlighting
Settings
Supply/Demand Settings Levels
- Swing High/Low Length: Controls the sensitivity of zone detection
- History To Keep: Number of zones to display
- Box Width: Size of supply/demand zones
- Customizable colors for supply/demand zones and labels
Moving Average Settings
- Adjustable lengths for all four SMAs
- Customizable colors and line widths
Pattern Detection Settings
- Toggle individual pattern alerts
- Customizable visual indicators for each pattern
- Alert messages for trading signals
Trading Session Settings
- Flexible session time configuration
- Multiple timezone options
- Trading day selection
- Session background color customization
Use Cases
1. **Scalping/Day Trading**
- Use pattern detection for entry signals
- RSI candle coloring for momentum confirmation
- Trading session visualization for high-activity periods
2. **Swing Trading**
- Supply/demand zones for key support/resistance levels
- Moving average system for trend direction
- Break of Structure signals for trend changes
3. **Position Trading**
- Multiple timeframe analysis using moving averages
- Major supply/demand zones for position sizing
- Pattern recognition for entry/exit timing
Notes
- Best used on timeframes from 1 minute to daily charts
- Combine multiple confirmations for stronger trading signals
- Adjust settings based on your trading style and instrument volatility
- Use the trading session feature to focus on your preferred market hours
- Monitor Break of Structure (BOS) events for potential trend changes
Recommended Settings
Start with default settings and adjust based on:
- Instrument volatility
- Trading timeframe
- Personal trading style
- Market session preferences
The indicator combines technical and price action analysis to provide a comprehensive trading tool suitable for various trading styles and timeframes.
A comprehensive trading indicator that combines price action patterns, supply/demand zones, and multiple technical analysis tools to help identify potential trading opportunities across different timeframes.
Key Features:
1. Supply and Demand Zones
- Automatically identifies and plots supply and demand zones based on swing highs and lows
- Break of Structure (BOS) detection when price breaks through zones
- Customizable zone width and history settings
- Visual distinction between supply (resistance) and demand (support) zones
2. Moving Average System
- Four Smoothed Moving Averages (SMMA):
- 20 SMMA (Green)
- 50 SMMA (Blue)
- 100 SMMA (Yellow)
- 200 SMMA (Red)
- Trend fill between EMA(2) and SMMA(200) for quick trend visualization
- Green fill indicates bullish trend
- Red fill indicates bearish trend
3. Pattern Detection
Multiple candlestick pattern alerts including:
- Three Line Strike (Bullish/Bearish)
- Three White Soldiers and Three Black Crows
- Harami Patterns (Bullish/Bearish)
- Engulfing Patterns (Bullish/Bearish)
4. RSI-Based Candle Coloring
- Dynamic candle coloring based on RSI levels
- Customizable overbought (70) and oversold (30) levels
- Helps identify potential reversal zones
5. Trading Session Visualization
- Customizable trading session times
- Multiple timezone support
- Day-of-week selection
- Visual session highlighting
Settings
Supply/Demand Settings Levels
- Swing High/Low Length: Controls the sensitivity of zone detection
- History To Keep: Number of zones to display
- Box Width: Size of supply/demand zones
- Customizable colors for supply/demand zones and labels
Moving Average Settings
- Adjustable lengths for all four SMAs
- Customizable colors and line widths
Pattern Detection Settings
- Toggle individual pattern alerts
- Customizable visual indicators for each pattern
- Alert messages for trading signals
Trading Session Settings
- Flexible session time configuration
- Multiple timezone options
- Trading day selection
- Session background color customization
Use Cases
1. **Scalping/Day Trading**
- Use pattern detection for entry signals
- RSI candle coloring for momentum confirmation
- Trading session visualization for high-activity periods
2. **Swing Trading**
- Supply/demand zones for key support/resistance levels
- Moving average system for trend direction
- Break of Structure signals for trend changes
3. **Position Trading**
- Multiple timeframe analysis using moving averages
- Major supply/demand zones for position sizing
- Pattern recognition for entry/exit timing
Notes
- Best used on timeframes from 1 minute to daily charts
- Combine multiple confirmations for stronger trading signals
- Adjust settings based on your trading style and instrument volatility
- Use the trading session feature to focus on your preferred market hours
- Monitor Break of Structure (BOS) events for potential trend changes
Recommended Settings
Start with default settings and adjust based on:
- Instrument volatility
- Trading timeframe
- Personal trading style
- Market session preferences
The indicator combines technical and price action analysis to provide a comprehensive trading tool suitable for various trading styles and timeframes.
Script de código aberto
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.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
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.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.