Scalping 15min: EMA + MACD + RSI + ATR-based SL/TP

The Scalping 15min: EMA + MACD + RSI + ATR-based SL/TP indicator is a comprehensive strategy tool designed for 15-minute charts that combines trend-following filters with momentum oscillators and volatility-based risk management.

Usage

This script identifies potential scalping opportunities by requiring alignment across multiple technical dimensions. A Long entry is triggered when the price is above the 50 EMA (bullish trend), the MACD histogram is positive (bullish momentum), and the RSI is between 50 and 70 (constructive strength without being overbought). Conversely, a Short entry occurs when the price is below the 50 EMA, the MACD histogram is negative, and the RSI is between 30 and 50.

The tool provides visual signals on the chart via triangles and is optimized for fast-moving markets such as major Forex pairs and Cryptocurrency. Users can utilize the built-in alerts to be notified immediately when these multi-factor conditions are met.

Details

The strategy employs four core components to ensure high-probability setups:

• Trend Filtering: Uses an Exponential Moving Average (EMA) to ensure trades are only taken in the direction of the medium-term trend.
• Momentum Confirmation: The MACD Histogram acts as a secondary filter to ensure the immediate price velocity supports the trade direction.
• Relative Strength: The RSI filter prevents entering trades when the market is already extended into overbought or oversold territories.
• Volatility-Based Risk: Unlike fixed pip or point exits, this script uses the Average True Range (ATR) to set dynamic Stop Loss and Take Profit levels that adapt to current market volatility.

Settings

• EMA Length: Sets the period for the trend-filtering Exponential Moving Average (Default: 50).
• MACD Fast/Slow/Signal: Configures the parameters for the Moving Average Convergence Divergence calculation.
• RSI Length: Sets the period for the Relative Strength Index.
• RSI Overbought/Oversold: Defines the thresholds used to filter out extended market conditions (Default: 70/30).
• ATR Length: The lookback period used to calculate market volatility for exits.
• SL Multiplier (ATR): Determines the distance of the Stop Loss based on the current ATR value.
• TP Multiplier (ATR): Determines the distance of the Take Profit based on the current ATR value.

FAQ

How do I interpret the signals? A green upward triangle indicates a long condition where trend, momentum, and RSI are aligned. A red downward triangle indicates a short condition.

Can I change the risk-to-reward ratio? Yes, by adjusting the SL and TP Multipliers in the settings, you can define your preferred risk/reward profile (e.g., setting TP to 2.0 and SL to 1.0 creates a 2:1 ratio).

How can I access Scalping 15min: EMA + MACD + RSI + ATR-based SL/TP? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.