Stop Using Random Indicators! These 4 Are Perfect for Scalping!

Summary

The presenter demonstrates four TradingView indicators for scalping and day trading. The key takeaway is to combine indicator signals with trend analysis or price-action confirmation rather than use them alone.

Indicators and how to use them

1. Scalpers Volatility Filter — by Crypto Systems Combines volatility and momentum using two ATRs, a modified and smoothed ADX, and linear regression.

   • Gray, below the zero center line: Typically indicates low volatility and momentum, often associated with range-bound price action.
   • Blue or pink, above the center line: Indicates elevated volatility and momentum, but not market direction. Blue means they are increasing; pink means they are losing strength.
   • Suggested uses: Filter out trend-following signals during flat conditions, or identify low-volatility conditions that may precede a breakout.

2. UT Bot Alerts — by Quant Nomad Generates buy and sell signals based on short-term momentum changes. The presenter notes that the default settings can produce too many signals.

   • Suggested settings: Sensitivity 3; ATR period 4.
   • False signals can still occur. The presenter recommends taking signals only with additional confirmation, such as alignment with the broader trend or a separate reversal signal.

3. Scalping Pullback Tool — by Uncle L Uses three 34-period EMAs, calculated from the high, low, and close, to form a band that may act as dynamic support in an uptrend or resistance in a downtrend.

   • An 89-period EMA indicates medium-term trend and momentum changes.
   • A 200-period EMA indicates longer-term trends.
   • Small triangles mark short-term pivot points and may help refine entries after a signal is confirmed.

4. QQE Signals — by Colin Mac Prints buy and sell signals based on short-term momentum changes.

   • Suggested settings: RSI length 55; QQE factor 8.
   • These settings remove many, but not all, false signals.
   • Suggested uses: Follow signals aligned with the prevailing trend, or use them as a trigger within a reversal strategy. Additional confirmation is recommended.

Framework and cautions

• First assess whether the market is trending or range-bound. The Volatility Filter can help identify low-momentum conditions.
• For trend-following setups, take buy or sell signals only in the direction of the identified trend.
• For reversal or breakout strategies, treat indicator signals as inputs or triggers, not standalone evidence.
• Confirm entries with another indicator or price-action analysis. All three signal-oriented tools discussed can still produce false signals.
• No specific assets, tickers, prices, returns, or performance statistics are provided.

Presenters and sources

The presenter is not named in the subtitles; the video is from Soheil PKO. The named indicator authors are Crypto Systems, Quant Nomad, Uncle L, and Colin Mac.