Swing High/Low Scalper(Mastersinnifty)Overview
The Swing High/Low Scalper is designed for traders seeking structured entries and disciplined stop-loss planning during momentum shifts. It combines smoothed Force Index readings with swing high/low analysis to identify moments where both momentum and structural price levels align.
When a new directional bias is confirmed, the indicator plots clear entry signals and dynamically calculates the nearest logical stop-loss level based on recent swing points.
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Core Logic
- Force Index Bias Detection
- The Force Index (price × volume change) is smoothed with an EMA to determine sustained bullish or bearish momentum.
- Signal Memory and Noise Reduction
- The indicator remembers the last signal (buy/sell) and only triggers a new signal when the bias changes, helping avoid redundant entries in sideways or noisy conditions.
- Swing-based Stop-Loss Calculation
- Upon signal confirmation, the script automatically plots a stop-loss label near the most recent swing low (for buys) or swing high (for sells).
- If conditions are extreme, fallback safety checks are used to validate the stop-loss placement.
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Key Features
- Dynamic, structure-based stop-loss plots at every trade signal.
- Visual background bias:
- Green tint = Bullish bias
- Red tint = Bearish bias
- Minimalist and clean chart visualization for easy interpretation.
- Designed for scalability across timeframes (from 1-minutes to daily charts).
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Why It’s Unique
- Unlike simple momentum oscillators or swing indicators, this tool integrates a state-tracking mechanism.
- A signal is only generated when a true shift in directional force occurs and swing structure supports the move, seeking to catch only meaningful changes rather than every minor fluctuation.
- This dual-filter approach emphasizes quality over quantity, aiming for disciplined entries with risk levels derived from actual price behavior, not arbitrary formulas.
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How to Use
- Apply the Script to your desired chart and timeframe.
- Look for Signals:
- Green Up Arrow = Buy Signal
- Red Down Arrow = Sell Signal
- Observe Stop-Loss Labels
- Use the plotted SL labels for setting exit points based on recent swing structure.
- Monitor Background Bias:
- Green or Red background hints at prevailing directional momentum.
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Important Disclaimer
This tool is intended to assist technical analysis and trade planning.
It does not provide financial advice or guarantee any future performance.
Always use additional risk management practices when trading.
Scalpingsignals
Pair Prowler [CR]█ OVERVIEW
Pair Prowler v6 Enhanced is a sophisticated oscillator-based trading system designed for traders seeking high-probability setups with multiple confirmation layers. The indicator combines proprietary signal generation with institutional-grade filters to identify optimal entry and exit points while minimizing false signals.
The system features adaptive zones that dynamically adjust to market conditions, multi-timeframe support/resistance analysis, volume-weighted mean reversion filters, and real-time performance tracking. A comprehensive confluence scoring system evaluates each potential trade across eight technical dimensions, allowing traders to filter for only the highest-quality opportunities.
█ KEY FEATURES
Adaptive Dynamic Zones
Rather than using fixed overbought/oversold levels, the indicator employs statistical methods to calculate adaptive zones that adjust to recent price behavior. These zones automatically widen during high volatility and tighten during consolidation, ensuring signals remain relevant across all market conditions.
VWAP Mean Reversion Filter
This filter uses volume-weighted price analysis to identify when price has moved significantly away from fair value. The system calculates statistical deviation from VWAP and only permits:
- Long entries when price is substantially below VWAP (oversold relative)
- Short entries when price is substantially above VWAP (overbought relative)
Higher Timeframe Support/Resistance Filter
To avoid entries near major reversal zones, the indicator analyzes pivot highs and lows from a user-selected higher timeframe. The system maintains a database of recent support and resistance levels and blocks trades that would occur too close to these critical price levels. This prevents getting stopped out by predictable institutional activity at key levels.
Divergence Detection
The indicator automatically identifies four types of divergences between price and the oscillator.
Risk Entry Signals
For aggressive traders, the indicator provides early warning signals that fire before the main entry triggers. These risk entries offer better entry prices but come with lower probability. They are visually distinct from standard entries and can be toggled on or off.
Safe Exit Zones
In addition to standard exit signals, the system identifies optimal profit-taking zones using statistical analysis and adaptive thresholds. These safe exit zones are highlighted with background coloring to alert traders when positions have reached favorable risk-reward levels.
Performance Statistics Panel
A comprehensive real-time statistics dashboard tracks:
- Total trades executed (long and short separately)
- Win rate percentages (overall, long-only, short-only)
- Profit factor calculation
- Total and average profit/loss per trade
- Largest winning and losing trades
- Maximum consecutive wins and losses
The panel can be positioned in any corner of the chart and updates automatically as trades close. Note that statistics represent theoretical performance based on signal timing and do not account for slippage, commissions, or execution delays.
Comprehensive Alert System
The indicator includes over 20 pre-configured alert types
█ HOW TO USE
Initial Setup
1 — Select your preferred base strategy from the Signal Settings group. Strategy 1 is recommended for most traders as it provides a balanced approach suitable for various market conditions.
2 — Configure the VWAP filter threshold based on your trading style:
Lower thresholds (1.0–1.5) for more frequent entries
Higher thresholds (2.0+) for fewer but more extreme reversals
3 — Set the HTF S/R filter timeframe to approximately 4–6 times your chart timeframe. For example, use 4H pivots when trading on 1H charts.
Reading Signals
Entry signals appear as triangles at the oscillator level:
- Green upward triangles indicate long entries
- Red downward triangles indicate short entries
- Small circles mark early risk entries
Exit signals appear as opposite-colored triangles. Background shading indicates special conditions like safe exit zones or averaging opportunities.
Interpreting Statistics
Use the performance panel to gauge strategy effectiveness:
- Win rates above 50% indicate positive edge
- Profit factor above 1.5 suggests robust performance
- Review max consecutive losses for position sizing guidance
Remember that past theoretical performance does not guarantee future results.
█ NOTES
Timeframe Considerations
This indicator works on all timeframes but performs optimally on 15-minute to 4-hour charts. Very low timeframes (1m–5m) may produce excessive signals, while daily and weekly charts may produce insufficient signals for active trading.
Market Conditions
The adaptive nature of the indicator allows it to function in both trending and ranging markets. However, extremely choppy or low-liquidity conditions may reduce signal quality. The confluence scoring system helps filter these periods automatically.
VWAP Behavior
VWAP resets at session boundaries for traditional markets (stocks) but runs continuously for 24-hour markets (crypto, forex). The z-score filter accounts for this difference automatically.
HTF Pivot Lag
Higher timeframe pivots require confirmation bars before being identified, introducing slight lag. Pivots are detected retrospectively once the full pattern completes on the selected timeframe.
Performance Tracking Limitations
The statistics panel tracks theoretical entry at close of signal bar and exit at close of exit bar. Actual trading results will differ due to:
- Slippage and spread costs
- Commission and fees
- Execution timing and delays
- Partial fills or rejections
- Overnight holding costs
Use the statistics as a comparative tool for optimization rather than a profit predictor.
Filter Interactions
All filters work sequentially. A signal must pass the VWAP filter, then the S/R filter. If any filter rejects the signal, it will not appear on the chart. This hierarchical approach ensures only fully validated setups generate alerts.
Optimization Guidelines
If receiving too many signals, tighten filter thresholds. If receiving too few signals, relax filters. Monitor the statistics panel over at least 50 trades before making significant parameter adjustments.
