Smart Scalper Indicator

🎯 How the Smart Scalper Indicator Works
1. EMA (Exponential Moving Average)

EMA 10 (Blue Line):
Shows the short-term trend.
If the price is above this line, the trend is bullish; if below, bearish.

EMA 20 (Orange Line):
Displays the longer-term trend.
If EMA 10 is above EMA 20, it indicates a bullish trend (Buy signal).

2. SuperTrend

Green Line:
Represents support levels.
If the price is above the green line, the market is considered bullish.

Red Line:
Represents resistance levels.
If the price is below the red line, the market is considered bearish.

3. VWAP (Volume Weighted Average Price)

Purple Line:
Indicates the average price considering volume.
If the price is above the VWAP, the market is strong (Buy signal).
If the price is below the VWAP, the market is weak (Sell signal).

4. ATR (Average True Range)

Used to measure market volatility.
An increasing ATR indicates higher market activity, enhancing the reliability of signals.
ATR is not visually displayed but is factored into the signal conditions.

⚡ Entry Signals

Green Up Arrow (Buy):
EMA 10 is above EMA 20.
The price is above the SuperTrend green line.
The price is above the VWAP.
Volatility (ATR) is increasing.

Red Down Arrow (Sell):
EMA 10 is below EMA 20.
The price is below the SuperTrend red line.
The price is below the VWAP.
Volatility (ATR) is increasing.

🔔 Alerts

"Buy Alert" — Notifies when a Buy condition is met.
"Sell Alert" — Notifies when a Sell condition is met.

✅ How to Use the Indicator:

Add the indicator to your TradingView chart.
Enable alerts to stay updated on signal triggers.
Check the signal:
A green arrow suggests a potential Buy.
A red arrow suggests a potential Sell.
Set Stop-Loss:
Below the SuperTrend line or based on ATR levels.
Take Profit:
Target 1-2% for short-term trades.