1min Scalping

The 1min Scalping indicator is a hyper-reactive trend-following tool designed for low-timeframe trading by utilizing a multi-layered EMA hierarchy to capture high-momentum swings.

Usage

The script is optimized for the 1-minute chart and focuses on the alignment of short-term and long-term trends. A trade is considered when the faster EMA band (80/90) aligns with the slower trend filters (340/500).

• Long Entry: Occurs when the EMA 80/90 band is above the EMA 500, the EMA 340 is above the EMA 500, and price action breaks out of or retests the 80/90 band while remaining above the 325 SMA safety filter.
• Short Entry: Occurs when the EMA 80/90 band is below the EMA 500, the EMA 340 is below the EMA 500, and price action breaks below or retests the 80/90 band while remaining below the 325 SMA safety filter.
• Cooldown & Time Filtering: The script includes a programmable cooldown period (default 100 bars) after an exit to prevent overtrading and an optional time session filter to restrict trading to high-liquidity hours.

Details

The strategy relies on the interaction between two primary EMA groups. The 340 and 500 EMAs define the institutional-level trend, while the 80 and 90 EMAs act as a "momentum zone" for entries. By requiring price to be on the correct side of the 325 SMA safety filter, the script adds a layer of protection against choppy, sideways markets. The risk management logic is aggressive, utilizing a breakeven trigger to protect capital quickly once a move begins to materialize.

Settings

Core Lengths

• EMA 80/90 Length: Sets the period for the fast-response momentum band.
• EMA 340/500 Length: Sets the period for the long-term trend baseline.
• SMA Safety Filter: A 325-period simple moving average used as a final directional filter.

Filter

• Cooldown Bars: The number of bars to wait after a trade closes before allowing a new entry.
• Enable Time Filter / Allowed Trading Time: Restricts signals to specific hours of the day.

Risk

• Initial Stop Loss (%): The percentage distance for the initial hard stop.
• Breakeven Trigger (%): The profit level at which the stop loss moves to the secured profit level.
• Secured Profit (%): The level the stop loss moves to after the breakeven trigger is hit.
• Take Profit (%): The final target for closing the position.

Smart Band Exit

• Use Smart Band Exit?: If enabled, the strategy closes the position if price crosses back through the 80/90 EMA band.
• Min Profit to activate (%): The minimum profit required before the Smart Band Exit logic becomes active.

FAQ

How do I access the 1min Scalping indicator? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

What timeframe is best for this script? While it can be used on various timeframes, it is specifically designed and tuned for the 1-minute chart.

Why are there "No Trade Zones" highlighted on my chart? These zones appear when either the cooldown period is active or the current time is outside of your specified trading session settings.