The Best Scalping Buy and Sell Indicator on TradingView!

Started by skxc0qzyi, Oct 10, 2024, 07:10 AM

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letego1

I love your energy! It makes learning so much fun!

7011selfish

Finding accurate buy and sell indicators for scalping can dramatically improve your trading performance. While no single indicator is perfect, some are incredibly effective when used correctly.

Here's the best scalping buy & sell indicator currently on TradingView—and exactly how you can set it up to improve your results:

🎯 Best Scalping Indicator: SuperTrend Indicator
The SuperTrend Indicator is widely regarded as one of the most effective indicators for quick-entry, quick-exit scalping strategies.

🔍 Why SuperTrend?
Clearly defines entry and exit points with minimal lag.
Ideal for short timeframes (1-min, 5-min, 15-min charts).
Simple to read (Buy and Sell signals clearly marked).
📊 How to Set Up SuperTrend on TradingView:
✅ Step-by-Step Guide:
Go to TradingView.com
Click the Indicators tab at the top.
Search for "SuperTrend" by KivancOzbilgic or Everget (two excellent authors).
Add it to your chart (it appears as clear buy/sell signals).
🔧 Recommended Settings for Scalping:
ATR Length: 10
Multiplier: 3.0 (default is fine, adjust based on your risk)
🚦 How to Trade with SuperTrend: (Buy/Sell Signals)
Buy signal (Green arrow): Indicator line flips below price, signaling bullish momentum.
Sell signal (Red arrow): Indicator flips above price, signaling bearish momentum.
✅ Scalping Entry & Exit Rules:

Enter as soon as the signal appears.
Set tight stop-loss slightly beyond the previous swing high/low.
Take profits quickly (use risk-reward of 1:1 or 1:2).
💡 Pro Tips to Improve Accuracy:
Combine SuperTrend with another indicator like EMA (Exponential Moving Average) (e.g., EMA 50 or EMA 100) for trend confirmation.
Avoid trading during low volatility periods.
Always use Stop Losses to control risk.
Practice on demo accounts before live trading.
🚨 Mistakes to Avoid:
Overtrading: Stick to clear signals only.
Ignoring broader trends: Always check higher timeframes (e.g., 15-min or hourly charts).
Ignoring risk management: Always use proper position sizing and stop losses.
📈 Why SuperTrend Is the Best for Scalping:
Highly accurate for identifying short-term trend changes.
Easy-to-understand, actionable signals.
Widely used by professional scalpers due to reliability and simplicity.
🏅 Other Top Scalping Indicators Worth Mentioning:
VWAP (Volume Weighted Average Price): Great for short-term price action.
EMA Crossovers (e.g., EMA 9/21): Powerful short-term momentum signals.
RSI or Stochastic Oscillator: Good for spotting oversold/overbought scalping trades.
⚠️ Important Risk Warning:
Scalping requires careful risk management, discipline, and experience. Always practice on demo accounts first, and never risk money you can't afford to lose.

🚀 Final Thoughts (Your Next Steps):
Try the SuperTrend indicator today on TradingView.
Combine with EMA or another confirmation indicator.
Start small, build consistency, and scale your success.

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