[VectorAlgo] Smart Momentum OscillatorThe Smart Momentum Oscillator (SMO) is a powerful indicator that combines RSI, MACD, and Volume to provide enhanced trend confirmation. This unique approach helps traders make better-informed decisions by filtering out false signals and increasing reliability in market momentum analysis.
- RSI Integration: Measures relative strength with a 50-centerline.
- MACD Histogram Influence: Identifies trend strength and direction.
- Volume Normalization: Adjusts momentum signals based on trading volume impact.
- Zero-Centered Oscillator: Easy-to-interpret trend shifts.
- Visual Enhancements: Color-coded bars and background for quick insights.
How It Works
RSI Component: Calculates RSI and centers it around 50 to measure momentum.
MACD Component: Uses the MACD histogram to gauge trend strength.
Volume Component: Normalizes volume against the highest of the last 50 bars.
Final Calculation: Combines the three components into a single oscillator with smoothing.
Color Coding: Green when momentum is positive, red when negative.
Usage
Buy Signal: When SMO crosses above 0, indicating bullish momentum.
Sell Signal: When SMO crosses below 0, signaling bearish momentum.
Divergences: Watch for SMO divergences against price action for early trend shifts.
Customization
- Adjustable RSI Length, MACD Settings, and Volume Weighting.
- Modify colors and smoothing settings for personal preference.
Indicators and strategies
Enhanced MA and RSI StrategyOverview: Trend following is a strategy that attempts to capture gains through the analysis of an asset's momentum in a particular direction. One of the simplest and most effective ways to implement a trend-following strategy is using moving averages.
Key Components
Indicators Used:
Moving Averages: Typically, a combination of a short-term and a long-term moving average (e.g., 50-day and 200-day simple moving averages).
Entry Signals:
Buy Signal: When the short-term moving average crosses above the long-term moving average (Golden Cross).
Sell Signal: When the short-term moving average crosses below the long-term moving average (Death Cross).
Exit Signals:
Close the position when the opposite signal occurs (i.e., sell when a death cross happens after a buy).
Risk Management:
Set stop-loss orders below the most recent swing low (for long positions) or above the swing high (for short positions).
Use a risk-to-reward ratio of at least 1:2.
Example of the Strategy in Action
Assumptions:
We will use a 50-day moving average as the short-term and a 200-day moving average as the long-term.
Buy Signal Example:
Date: March 1, 2023
Short MA (50-day): $100
Long MA (200-day): $98
Action: Buy when the 50-day MA crosses above the 200-day MA.
Sell Signal Example:
Date: June 1, 2023
Short MA (50-day): $120
Long MA (200-day): $119
Action: Sell when the 50-day MA crosses below the 200-day MA.
Advantages of the Strategy
Simplicity: Easy to understand and implement.
Objective: Removes emotional decision-making by relying on predefined
NQ-VXN Scalping Signals with S/R BreakoutsThis monitors support and resistance along with VXN to find quality, high probability trades at key levels.
Kodi Kai MomentumThis is the Kodi Kai Momentum Indicator.
The Kodi Kai Momentum Indicator demonstrates momentum swings in the market and is meant to be used in conjunction with the Kodi Kai Trend Meter Indicator when applying the Kodi Kai Trading Systems.
When a momentum signal appears and it is green, it is indicating that price is moving in a bullish upwards direction.
When a momentum signal appears and it is is red, it is indicating that price is moving in a bearish downwards direction.
A momentum signal direction can only appear once at a time and will never overlap, meaning if there is a bullish buy momentum signal active, another bullish buy momentum signal cannot appear again after until after a sell momentum signal has appeared.
Vice versa, if there is a bearish sell momentum signal active, another bearish sell momentum signal cannot appear again until after a buy momentum signal has appeared.
This indicator does not repaint, once the signal has closed it will remain on the chart.
When using the Kodi Kai Momentum Indicator in conjunction with the Kodi Kai Trend Meter Indicator you can use both indications as a confluence to identify momentum swings in the direction of the trend.
Example 1:
Green bullish trend meter plus green bullish momentum signal provides for a bullish confluence and increased confidence that price is going to continue in an upwards direction.
Using this confluence you can enter a buy directional position and follow until the trend meter and momentum signal change in another direction.
Example 2:
Red bearish trend meter plus red bearish momentum signal provides for a bearish confluence and increased confidence that price is going to continue in an downwards direction.
Using this confluence you can enter a sell directional position and follow until the trend meter and momentum signal change in another direction.
In the Kodi Kai Trend Momentum Indicator works on all timeframes and be adjust however you see fit to help identify your specific edge in the market.
There is also an option to set 2 timeframes under the scalp settings so a gold signal will appear if there is a momentum signal active for both selected timeframes.
If you are interested in using our Kodi Kai Momentum Indicator or Kodi Kai Trading Systems, visit out website listed in our profile signature or profile page.
Daily Weekly Monthly Yearly Opens/Highs/LowsThe "Daily Weekly Monthly Yearly Opens" indicator is a versatile tool designed to enhance your trading analysis by plotting the opening prices of various timeframes directly onto your charts. By displaying the current daily, weekly, monthly, and yearly opening levels, this indicator helps traders identify key support and resistance zones, facilitating more informed trading decisions.
**Key Features:**
- **Comprehensive Timeframe Coverage:** The indicator plots opening prices for daily, weekly, monthly, and yearly periods, providing a clear view of significant market levels across multiple timeframes.
- **Dynamic Display:** To maintain chart clarity, the indicator intelligently displays:
- Daily opens on intraday timeframes.
- Weekly opens on timeframes less than weekly.
- Monthly opens on timeframes less than monthly.
- **Customizable Visuals:** Users can adjust the color and style of the plotted lines to match their chart preferences, ensuring a personalized and clear visual experience.
- **Historical Reference:** An option to display previous period opens allows traders to analyze how current price action interacts with past opening levels, offering insights into potential support and resistance areas.
- **Alert Functionality:** Set up alerts to be notified when the price crosses any of the plotted opening levels, enabling timely responses to market movements.
My scriptDeveloped a quantitative trading strategy leveraging Rate of Change (ROC) and RSI for momentum-based entries.
Implements adaptive ROC thresholds to filter noise and enhance signal accuracy.
Dynamically adjusts position entries using a hybrid mean-reversion and trend-following approach.
Integrates Cobra Metrics for performance visualization, enabling real-time strategy evaluation.
Optimized for efficient execution and minimal computational overhead in TradingView.
Let me know if you want to highlight specific improvements or add more detail!
Ichimoku Cloud Auto TF🧠 Timeframe Breakdown for Ichimoku Cloud Auto TF
Each timeframe in this indicator is carefully calibrated to reflect meaningful Ichimoku behavior relative to its scale. Here's how each one is structured and what it's best used for:
⏱️ 1 Minute (1m)
Tenkan / Kijun / Span B: 5 / 15 / 45
Use: Scalping fast price action.
Logic: Quick reaction to short-term momentum. Best for highly active traders or bots.
⏱️ 2 Minutes (2m)
Tenkan / Kijun / Span B: 6 / 18 / 54
Use: Slightly smoother than 1m, still ideal for scalping with a little more stability.
⏱️ 5 Minutes (5m)
Tenkan / Kijun / Span B: 8 / 24 / 72
Use: Intraday setups, quick trend capture.
Logic: Balanced between reactivity and noise reduction.
⏱️ 15 Minutes (15m)
Tenkan / Kijun / Span B: 9 / 27 / 81
Use: Short-term swing and intraday entries with higher reliability.
⏱️ 30 Minutes (30m)
Tenkan / Kijun / Span B: 10 / 30 / 90
Use: Intra-swing entries or confirmation of 5m/15m signals.
🕐 1 Hour (1H)
Tenkan / Kijun / Span B: 12 / 36 / 108
Use: Ideal for swing trading setups.
Logic: Anchored to Daily reference (1H × 24 ≈ 1D).
🕐 2 Hours (2H)
Tenkan / Kijun / Span B: 14 / 42 / 126
Use: High-precision swing setups with better context.
🕒 3 Hours (3H)
Tenkan / Kijun / Span B: 15 / 45 / 135
Use: Great compromise between short and mid-term vision.
🕓 4 Hours (4H)
Tenkan / Kijun / Span B: 18 / 52 / 156
Use: Position traders & intraday swing confirmation.
Logic: Designed to echo the structure of 1D Ichimoku but on smaller scale.
📅 1 Day (1D)
Tenkan / Kijun / Span B: 9 / 26 / 52
Use: Classic Ichimoku settings.
Logic: Standard used globally for technical analysis. Suitable for swing and position trading.
📆 1 Week (1W)
Tenkan / Kijun / Span B: 12 / 24 / 120
Use: Long-term position trading & institutional swing confirmation.
Logic: Expanded ratios for broader perspective and noise filtering.
🗓️ 1 Month (1M)
Tenkan / Kijun / Span B: 6 / 12 / 24
Use: Macro-level trend visualization and investment planning.
Logic: Condensed but stable structure to handle longer data cycles.
📌 Summary
This indicator adapts Ichimoku settings dynamically to your chart's timeframe, maintaining logical ratios between Tenkan, Kijun, and Span B. This ensures each timeframe remains responsive yet meaningful for its respective market context.
Kodi Kai Trend MeterThis is the Kodi Kai Trend Meter Indicator.
The Kodi Kai Trend Meter Indicator demonstrates the overall trend for 4 different time-frames and is meant to be used in conjunction with the Kodi Kai Momentum Indicator when applying the Kodi Kai Trading Systems.
When the trend meter is green it is indicating that price is moving in a bullish upwards direction.
When the trend meter is red it is indicating that price is moving in a bearish downwards direction.
When the trend meter is blue it is indicating that price is moving in a consolidating/ranging sideways direct.
When using the trend meter in conjunction with the Kodi Kai Momentum Indicator you can use both indications as a confluence to identify momentum swings in the direction of the trend.
Example 1:
Green bullish trend meter plus green bullish momentum signal provides for a bullish confluence and increased confidence that price is going to continue in an upwards direction.
Using this confluence you can enter a buy directional position and follow until the trend meter and momentum signal change in another direction.
Example 2:
Red bearish trend meter plus red bearish momentum signal provides for a bearish confluence and increased confidence that price is going to continue in an downwards direction.
Using this confluence you can enter a sell directional position and follow until the trend meter and momentum signal change in another direction.
In the Kodi Kai Trend Meter settings you can set the inputs to your preference in seeing trend shifts from chart, minute, hour or daily.
Example 1:
If you want to see the current trend for the specific timeframe you are using then set all inputs to chart.
Example 2:
If you want to see the current trend for day trading then you would set your inputs to 1 minute, 10 minute, 30 minute, 1 hour.
Example 3:
If you want to see the current trend for swing trading then you would set your inputs to 1 hour, 4 hour, daily, weekly.
You have the option to mix and match the inputs to find your desired settings and identifying your specific edge in the market using this tool.
If you are interested in using our Kodi Kai Trend Meter Indicator or Kodi Kai Trading Systems, visit out website listed in our profile signature or profile page.
Value Chart ProValue Chart Pro with Retrace/Reversal modes, WIN RATE table, recent signal filter, and customizable cooldown between signals. Updated to Pine Script v6 with bug fixes.
Buy vs Sell vs Total Volume📊 Buy vs Sell Volume with Customizable MA — Pine Script v5
This custom TradingView volume indicator breaks down each bar into Buy Volume (Green), Sell Volume (Red), and Total Volume (Orange). It also includes a customizable Moving Average (MA) line (default color: Blue) to help you visually track volume trends over time.
✅ What It Shows:
🔸 Orange bar = Total Volume
🟢 Green bar = Buy Volume
🔴 Red bar = Sell Volume
🔵 Blue line = Volume MA (SMA or EMA, with selectable length: 5, 10, 30, 50, 200)
⚙️ Customizable Settings:
Choose MA type: SMA or EMA
Choose MA length: 5, 10, 30, 50, or 200
Set your preferred MA line color
Volume bars stack and overlay proportionally to show exactly how much of each candle’s volume was buying vs selling
📈 How to Use It:
Look for spikes in Buy Volume (green) to spot accumulation
Spikes in Sell Volume (red) may signal distribution or pullback
Use the Volume MA line as a filter:
Above average volume = strong momentum
Below average volume = weak interest
This tool is especially useful for day traders and scalpers who want precise volume insights beyond the standard volume bar.
ICT 60,40 20 DAYS HIGH AND LOWThis script use ICT 60, 40 and 20days high and low logic in a indicator form.
i how it will be helpful for masses.
Borrow Fee & Squeeze TrackerSqueeze tracker.
This script helps identify potential short squeeze setups by detecting two key indicators: unusual volume and significant price changes.
The script combines both volume and price changes to give a more reliable indication of potential squeeze opportunities. When both criteria are met, it signals that there may be unusual market activity. The script also allows you to set up automatic alerts when both the volume and price change exceed thresholds, so you can react quickly to potential opportunities without constantly monitoring the charts.
Once added, you can set an alert:
Click on the Alert button
In the "Condition" dropdown, select the Squeeze Alert that was created.
Set the alert options
Now, when the script detects both a volume spike and a price change spike, it will trigger an alert based on your settings.
Enjoy!
BB LevelsBB Levels — Volatility-Based Weekly Trading Ranges
Overview:
BB Levels is a multi-timeframe indicator that projects weekly trading ranges using historical price behavior and volatility modeling. It combines data from both the 4H and Daily timeframes to provide a dual-perspective view of expected price extremes.
Solid Lines → Based on the Daily timeframe (smoother, broader volatility)
Dashed Lines → Based on the 4H timeframe (finer, more reactive to short-term volatility)
How It Works:
The indicator employs a Markov Switching Model to estimate the prevailing market regime and generate a forecasted directional bias. It then applies average historical volatility to project a weekly range:
The centerline is a forecasted “zero level” based on the prior week’s close, adjusted by regime and trend forecast.
The upper and lower bounds are derived from average weekly volatility, scaled to reflect expected movement.
Two versions are shown:
Daily (solid): Represents the more conservative, long-term expectations.
4H (dashed): Captures short-term momentum and faster volatility shifts.
Important Note:
These levels represent statistical expectations, not fixed boundaries. Price may:
Consolidate within the dashed (4H) range during quiet periods
Break beyond the solid (Daily) range during news events or trending expansions
Designed For:
Swing traders seeking structured, volatility-adjusted weekly levels
Day traders targeting high-probability reversal zones
Strategists combining trend forecasting with expected price behavior
Hanstrading-buysignalbreakoutTrading method based on donchian channel method and breakout strategy.
Buy on big buy signal and sell the entire portfolio on big sell signal reversal. Buy more at pullback points.
Vice versa for bearish trading.
ICT & RTM Price Action IndicatorICT & RTM Price Action Indicator
Unlock the power of precision trading with this cutting-edge indicator blending ICT (Inner Circle Trader) concepts and RTM (Reversal Trend Momentum) strategies. Designed for traders who demand clarity in chaotic markets, this tool pinpoints high-probability buy and sell signals with surgical accuracy.
What It Offers:
Smart Supply & Demand Zones: Instantly spot key levels where the market is likely to reverse or consolidate, derived from a 50-period high/low analysis.
Filtered Reversal Signals: Say goodbye to fakeouts! Signals are confirmed with volume spikes (1.5x average) and a follow-through candle, ensuring you trade only the strongest moves.
Trend-Aware Logic: Built on a customizable SMA (default 14), it aligns reversals with momentum for trades that stick.
One-Signal Discipline: No clutter—only the first valid signal appears until an opposing setup triggers, keeping your chart clean and your focus sharp.
Combined Power: A unique "TRADE" signal merges ICT zones with RTM reversals for setups with double the conviction.
Why You’ll Love It:
Whether you’re scalping intraday or hunting swing trades, this indicator adapts to your style. It’s not just another tool—it’s your edge in decoding price action like a pro. Test it, tweak it, and watch your trading transform.
Engulfing Candle Pattern (Strict)Indicator Name :
Engulfing Candle Pattern (Strict)
Purpose :
The Engulfing Candle Pattern Indicator is designed to identify and visually mark bullish and bearish engulfing patterns on a price chart. These patterns are powerful reversal signals in technical analysis, often used by traders to spot potential trend changes. The indicator ensures strict adherence to the definition of engulfing patterns, making it reliable for identifying high-probability setups.
What It Does :
Identifies Engulfing Patterns :
The indicator scans the price data for candles that meet the criteria of either a bullish engulfing or bearish engulfing pattern .
A bullish engulfing occurs when a green (bullish) candle fully engulfs the body and wicks of the previous red (bearish) candle and closes above its high.
A bearish engulfing occurs when a red (bearish) candle fully engulfs the body and wicks of the previous green (bullish) candle and closes below its low.
Marks Patterns Visually :
Bullish engulfing patterns are marked with a green upward triangle below the candle.
Bearish engulfing patterns are marked with a red downward triangle above the candle.
Optional labels ("Bullish" or "Bearish") provide additional context.
Highlights Candles :
Engulfing candles are highlighted with semi-transparent colors:
Green for bullish engulfing.
Red for bearish engulfing.
Ensures Strict Conditions :
The current candle must fully cover the entire body and wicks of the previous candle.
The current candle must close above the previous candle's high (for bullish) or below the previous candle's low (for bearish).
STH Unrealized Profit/Loss Ratio (STH-NUPL) | [DeV]STH-NUPL
The Short-Term Holder Net Unrealized Profit/Loss Ratio (STH-NUPL) is an analytical tool designed to approximate the unrealized profit or loss of Bitcoin’s short-term holders (STHs)—typically those holding coins for less than 155 days—within the constraints of TradingView’s price-based environment. Drawing inspiration from the canonical STH-NUPL metric, which assesses the difference between the market value and realized value of STH-held coins, this indicator adapts the concept into a normalized ratio using Bitcoin’s price data as a proxy. It offers a window into the sentiment and behavior of short-term market participants, who are often more sensitive to price fluctuations than long-term holders.
In its raw form, STH-NUPL oscillates around a break-even threshold of 0, where positive values indicate aggregate unrealized profits for STHs (market value exceeds realized value), and negative values suggest losses. This inflection point frequently acts as a key level: in bear markets, it can signal capitulation as STHs sell at break-even or below, while in bull markets, it may reflect reluctance to realize losses, providing support. The indicator enhances this metric with smoothing, a moving average overlay, and sophisticated visualization options, delivering a statistically informed perspective on short-term holder dynamics tailored for institutional-grade analysis.
STH-NUPL Settings -
Lookback Length (Default: 150 days): Defines the SMA period for estimating realized value. This 150-day window aligns with traditional STH definitions (e.g., <155 days), capturing a broad yet relevant historical cost basis for short-term holders, ideal for assessing cyclical behavior.
Smoothing Period (Default: 5 days): Applies an EMA to the raw STH-NUPL ratio, with a short default period to maintain responsiveness to recent price shifts while filtering out daily volatility. This setting is particularly suited for tactical analysis.
Moving Average Settings -
MA Lookback Length (Default: 90 days): Sets the period for the STH-NUPL’s moving average, offering a medium-term trend signal that contrasts with the 150-day lookback, enabling detection of momentum shifts within broader market phases.
MA Type (Default: EMA): Provides six moving average types, from the straightforward SMA to the volume-sensitive VWMA. The default EMA balances smoothness and reactivity, while options like HMA or VWMA cater to specialized needs, such as emphasizing recent action or volume trends.
Display Settings -
Show Moving Average (Default: True): Toggles the visibility of the STH-NUPL MA plot, allowing users to focus solely on the smoothed ratio when desired.
Show Background Colors (Default: True): Activates dynamic background shading to visually reinforce market regimes.
Background Color Source (Default: STH-NUPL): Enables users to tie the background to either the STH-NUPL’s midline (reflecting sthNupl > 0) or the MA’s trend direction (maNupl > maNupl ), aligning the visual context with the chosen analytical focus.
Analytical Applications -
Bear Market Capitulation: When the smoothed STH-NUPL approaches or falls below zero, it often signals loss realization among STHs, a precursor to capitulation in downtrends. A declining MA crossing zero can confirm this selling pressure.
Bull Market Support: Positive STH-NUPL values with a rising MA indicate STHs are in profit and reluctant to sell at a loss, forming support zones in uptrends as sell pressure wanes.
Sentiment Extremes: Significant deviations above or below zero highlight over-optimism or despair among STHs, offering contrarian opportunities when paired with price action or other on-chain metrics.
**Limitations**
As a TradingView-based approximation, this indicator uses price data (close) rather than true on-chain STH supply and realized price, which are available through providers like Glassnode. The 150-day SMA for realized value simplifies the cost basis, potentially underrepresenting the diversity of STH transactions. Despite this, the smoothed ratio and moving average overlay provide a practical proxy for tracking STH sentiment within TradingView’s ecosystem.
Ultimate RVOL IndicatorThe Ultimate Multi-Timeframe RVOL Indicator is designed to provide powerful insights into market activity by analyzing relative volume (RVOL) on both the current and higher timeframes. By tracking volume spikes and comparing them to historical averages, this indicator helps traders detect institutional activity, confirm trends, and avoid false breakouts.
Key Features:
• Real-Time RVOL Analysis: Instantly see how today’s volume compares to the average over a customizable period.
• Multi-Timeframe Support: Monitor RVOL on a higher timeframe (e.g., daily or weekly) to detect significant market moves.
• Smart Alerts: Get notified when RVOL crosses a user-defined threshold, indicating potential breakouts or breakdowns.
• Visual Labels and Background Colors: See clear visual markers for high or low RVOL events.
• Trend Confirmation: Use HTF RVOL to validate the strength of moves on smaller timeframes.
⸻
🚀 How to Use:
1. Identify Strong Trends
• When RVOL > Threshold (e.g., 2x) and HTF RVOL is also elevated, institutions are likely participating.
• This confirms the strength of a move and increases confidence in a continuation.
2. Spot False Breakouts
• If RVOL spikes on your chart but HTF RVOL remains low, it may indicate a retail-driven move.
• Be cautious with these trades as they are more prone to failure.
3. Detect Potential Reversals
• When HTF RVOL spikes while intraday RVOL remains low, institutions may be quietly accumulating or distributing.
• Watch for a reversal or a significant move shortly after.
4. Volume Exhaustion
• A rapid RVOL spike followed by a drop in both RVOL and HTF RVOL may signal trend exhaustion.
• Consider locking in profits or tightening stops.
⸻
⚙️ Settings Guide:
• Lookback Period: Adjust how many bars are used for average volume calculation (e.g., 20 for intraday or 50 for swing trading).
• High RVOL Threshold: Set a multiplier to define what is considered a “high” RVOL. Common values range from 1.5x to 3x.
• Higher Timeframe (HTF): Choose a timeframe to track macro-level volume (e.g., Daily for intraday traders or Weekly for swing traders).
• Show Labels and Alerts: Enable to see clear notifications on volume spikes.
⸻
📊 Pro Tips:
• Use RVOL + HTF RVOL with key support and resistance levels for stronger trade setups.
• Combine with indicators like RSI or MACD to confirm momentum.
• Avoid trading on low RVOL days, as moves may lack conviction.
• When RVOL spikes dramatically, monitor price behavior for confirmation before entering a trade.
⸻
This indicator is ideal for day traders, swing traders, and momentum traders looking to leverage volume for smarter entries and exits. Let the Ultimate Multi-Timeframe RVOL Indicator keep you on the right side of market moves. Happy trading! 🚀
Porcentaje sobre/debajo SMAsIdentify strong bullish reversals when:
1) Price spends <30% of time below SMA200 (extreme oversold),
2) Confirmed by RSI<20.
Enhanced Scalping Strategy with Supertrend and MACD by TGK Enhanced Scalping Strategy with Supertrend and MACD
This strategy combines technical indicators to generate signals for opening and closing long and short positions. Below is a detailed explanation of how these signals and exit mechanisms work.
Long and Short Signals
**Long Signal (Buy):**
- **Conditions:** A signal is generated when the following conditions are met:
- The Supertrend indicator shows an uptrend (`direction == 1`).
- A bullish engulfing pattern is detected (`bullishEngulfing`).
- MACD is above the signal line (`macdLine > signalLine`).
- **Actions:** Upon signal generation, a long position is opened (`strategy.entry("Long", strategy.long)`).
**Short Signal (Sell):**
- **Conditions:** A signal is generated when the following conditions are met:
- The Supertrend indicator shows a downtrend (`direction == -1`).
- A bearish engulfing pattern is detected (`bearishEngulfing`).
- MACD is below the signal line (`macdLine rsiOverbought`).
- **Alerts:** Option to send notifications via webhook when signals are generated.
- **Commission Settings:** Ability to input maker and taker fees.
This strategy allows for flexible management of positions based on technical indicators and filters, which can help optimize trading on financial markets.
---
How to Use This Strategy
1. **Apply the Strategy:** Copy and paste the provided PineScript code into a new strategy on TradingView.
2. **Configure Inputs:** Adjust parameters such as ATR length, factor, MACD settings, stop-loss, and take-profit percentages according to your trading preferences.
3. **Backtest:** Use TradingView's backtesting feature to evaluate the strategy's performance on historical data.
4. **Activate Alerts:** Enable webhook notifications to receive alerts when buy or sell signals are generated.
5. **Monitor Performance:** Continuously monitor the strategy's performance and adjust parameters as needed to optimize results.
By following these steps, you can effectively utilize this enhanced scalping strategy with Supertrend and MACD on TradingView.
