OPEN-SOURCE SCRIPT

ScalpSwing Pro Setup

2 195
Script Overview
This script is a multi-tool setup designed for both scalping (1m–5m) and swing trading (1H–4H–Daily). It combines the power of trend-following, momentum, and mean-reversion tools:

What’s Included in the Script

1. EMA Indicators (20, 50, 200)

- EMA 20 (blue): Short-term trend
- EMA 50 (orange): Medium-term trend
- EMA 200 (red): Long-term trend
- Use:
- EMA 20 crossing above 50 → bullish trend
- EMA 20 crossing below 50 → bearish trend
- Price above 200 EMA = uptrend bias

2. VWAP (Volume Weighted Average Price)

- Shows the average price weighted by volume
- Best used in intraday (1m to 15m timeframes)
- Use:
- Price bouncing from VWAP = reversion trade
- Price far from VWAP = likely pullback incoming

3. RSI (14) + Key Levels

- Shows momentum and overbought/oversold zones
- Levels:
- 70 = Overbought (potential sell)
- 30 = Oversold (potential buy)
- 50 = Trend confirmation

- Use:
- RSI 30–50 in uptrend = dip buying zone
- RSI 70–50 in downtrend = pullback selling zone

4. MACD Crossovers

- Standard MACD with histogram & cross alerts
- Shows trend momentum shifts
- Green triangle = Bullish MACD crossover
- Red triangle = Bearish MACD crossover

- Use:
- Confirm swing trades with MACD crossover
- Combine with RSI divergence

5. Buy & Sell Signal Logic

BUY SIGNAL triggers when:
- EMA 20 crosses above EMA 50
- RSI is between 50 and 70 (momentum bullish, not overbought)

SELL SIGNAL triggers when:
- EMA 20 crosses below EMA 50
- RSI is between 30 and 50 (bearish momentum, not oversold)

These signals appear as:
- BUY: Green label below the candle
- SELL: Red label above the candle

How to Trade with It

For Scalping (1m–5m):
- Focus on EMA crosses near VWAP
- Confirm with RSI between 50–70 (buy) or 50–30 (sell)
- Use MACD triangle as added confluence

For Swing (1H–4H–Daily):
- Look for EMA 20–50 cross + price above EMA 200
- Confirm trend with MACD and RSI
- Trade breakout or pullback depending on structure

Disclaimer

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