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 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
This script does not mark reversals. It will only identify safe trade zones during periods of strong momentum.
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!
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact greenmansoup for more information, or follow the author's instructions below.
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This invite only script can be purchased for use for a one-time fee. Please contact me through TradingView to get access.
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