Scalping Strategy: Parthiban_ChatGBT

hace 6 horas

EMA Crossovers:

It uses the 9-period (fast) EMA and the 21-period (slow) EMA.
A bullish crossover (fast EMA crosses above slow EMA) triggers a buy signal when the RSI is above 50.
A bearish crossover (fast EMA crosses below slow EMA) triggers a sell signal when the RSI is below 50.
RSI Divergence:

Bullish Divergence: Price makes a lower low, but the RSI makes a higher low.
Bearish Divergence: Price makes a higher high, but the RSI makes a lower high.
Entry Signals:

A buy signal is generated when there’s either a bullish EMA crossover or a bullish RSI divergence.
A sell signal is generated when there’s either a bearish EMA crossover or a bearish RSI divergence.
Plotting:

The script plots the EMAs on the chart.
It also shows buy and sell labels on the chart.
Alerts:

The script includes alerts for buy and sell signals, so you can be notified when a trade setup appears.

hace 6 horas

Notas de prensa

Scalping Strategy 1: EMA + RSI Divergence
This strategy uses Exponential Moving Averages (EMA) and the Relative Strength Index (RSI) to catch momentum shifts.

Setup:
Timeframe: 1-minute (M1) or 5-minute (M5) chart.
Indicators:
EMA 9 (Fast EMA): Tracks short-term price action.
EMA 21 (Slow EMA): Helps identify trend direction.
RSI (14-period): Used to spot overbought/oversold conditions and divergences.
Entry Rules:
Buy Entry:

Wait for the 9 EMA to cross above the 21 EMA (bullish crossover).
Confirm with the RSI: It should be above 50, indicating bullish momentum.
Look for a bullish divergence (price making lower lows, RSI making higher lows).
Enter a long position.
Sell Entry:

Wait for the 9 EMA to cross below the 21 EMA (bearish crossover).
Confirm with the RSI: It should be below 50, indicating bearish momentum.
Look for a bearish divergence (price making higher highs, RSI making lower highs).
Enter a short position.
Exit Rules:
Take Profit: Aim for a 0.5% to 1% gain per trade.
Stop Loss: Set a stop loss just below the last swing low (for long) or above the last swing high (for short).