Scalper's Paradise Tool For NQ

How To Use:
- This indicator is designed for intra-day scalping. When a buy or sell signal is marked on the chart, it's safe to enter a position. Exit the position when you see weakness in the trend or where the EX (exits) are marked.
- The Trend Cloud offers great visibility for trend strength and overall volatility and can be used in conjunction with the entries and exits for added confidence that your trade is a worthwhile trade.
- The red and green backgrounds on the chart are a filtering tool designed to save you from trades that otherwise don't carry enough momentum to be worth entering the market. This part of the indicator has 3 major adjustable settings that allow you to truly dial in your risk.
Identify momentum areas and trade with confidence using Scalper's Paradise!
- Trend Cloud for momentum and confidence
- Buy and Sell Signals
- Marked Exits and Trend Weakness dots on the chart
- ADX Based Clean Trade Filter allows for full customization of your trading risk profile. This part of the indicator will SUPPRESS any and all signals while the chart's background is red.
- The Safer Trades Filtering in the settings allows further confidence by suppressing riskier trade signals
Limitations:
This script does not mark reversals. It will only identify safe trade zones during periods of strong momentum.
Disclaimer:
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
1. Appearance (general and controls) - added color selector for candles and trend cloud separately.
2. Significant improvements to buy and sell signal calculations.
3. Added new adjustment inputs for buy and sell signals as well as volume checking control.
4. Added ADX/ATR based volatility bands. (were in previous version but not plotted on the chart)
5. Converted to Pine Script V6
6. Optimized default settings for NNQ 5 minute price action. Can be used on 15 minute as well.
7. ADX Background not visible by default, added input selector in settings.
8. Added trend line for visualization of slope (off by default)
9. Updated candle coloring and calculations.
10. Updated trend cloud coloring and calculations.
Script sob convite
Somente usuários aprovados pelo autor podem acessar este script. Você precisará solicitar e obter permissão para usá-lo. Normalmente, essa permissão é concedida após o pagamento. Para obter mais detalhes, siga as instruções do autor abaixo ou entre em contato diretamente com TerminalChillness.
O TradingView NÃO recomenda pagar ou usar um script ao não ser que você confie totalmente no seu autor e compreende como isso funciona. Você pode também encontrar alternativas gratuitas e de código aberto em nossa comunidade de scripts.
Instruções do autor
Aviso: leia nosso guia para scritps somente sob convite antes de solicitar acesso.
Aviso legal
Script sob convite
Somente usuários aprovados pelo autor podem acessar este script. Você precisará solicitar e obter permissão para usá-lo. Normalmente, essa permissão é concedida após o pagamento. Para obter mais detalhes, siga as instruções do autor abaixo ou entre em contato diretamente com TerminalChillness.
O TradingView NÃO recomenda pagar ou usar um script ao não ser que você confie totalmente no seu autor e compreende como isso funciona. Você pode também encontrar alternativas gratuitas e de código aberto em nossa comunidade de scripts.
Instruções do autor
Aviso: leia nosso guia para scritps somente sob convite antes de solicitar acesso.