Scalping Indicator + BJ Signal V3

This indicator is designed for 1-minute scalping, combining momentum exhaustion, trend confirmation, and precise entry timing into a single visual tool.

It integrates the following core elements:

Williams %R to identify extreme overbought and oversold conditions

Stochastic (80 / 20 logic) to detect exhaustion, rejection, and re-entry timing

MACD histogram for momentum confirmation

SMA (7) as a short-term trend filter

Sequential-style exhaustion counts (8 / 9) used as contextual reference only

🔹 Signal Logic Overview

Signals are generated exclusively on the 1-minute timeframe

Buy signals focus on:

Exhaustion in oversold conditions

Stochastic recovery from the 20 level

Momentum turning positive on the MACD histogram

Sell signals focus on:

Exhaustion in overbought conditions

Stochastic rejection from the 80 level

Momentum turning negative on the MACD histogram

Background colors highlight potential exhaustion zones, while arrows distinguish between:

Real-time (unconfirmed) signals

Confirmed (closed bar) signals

This design helps traders avoid premature entries during fast market conditions.

⚠️ Important Notes

This indicator is not a standalone trading system

Sequential-style counts are not entry signals by themselves

Always combine with:

Market structure

Session awareness (e.g. high-volatility opens)

Proper risk management

🎯 Best Use Case

1-minute scalping

Short-term mean reversion after momentum exhaustion

Traders who prefer clear, non-repainting visual signals