Scalping V5 - Strongest S/R & Predictive Panel

Scalping V5: Predictive Momentum & Institutional S/R by Herman Sangivera ( Papua )
Overview
Scalping V5 is a high-precision momentum indicator designed for lower timeframe traders (1m, 5m, 15m) who require a blend of trend-following logic and real-time structural analysis. Unlike standard indicators that only look at price action, this script utilizes a Dual-EMA Ribbon for momentum, a 200-period Filter for institutional bias, and a Predictive Probability Panel to gauge the strength of a potential move.

Key Features
1. Smart Momentum Ribbon (EMA 12/36)
The core of the strategy uses a dynamic ribbon.

Blue Ribbon: Indicates aggressive bullish momentum.

Red Ribbon: Indicates aggressive bearish momentum.

Traders should look for "Value Area" entries when the price retraces into the ribbon before continuing the trend.

2. Institutional Trend Guard (EMA 200)
To avoid "choppy" markets and counter-trend traps, the script plots a thick white baseline.

Above 200 EMA: Only Long setups are prioritized.

Below 200 EMA: Only Short setups are prioritized.

3. Dynamic Support & Resistance (S/R)
The script automatically calculates the Strongest Resistance (Highest High) and Strongest Support (Lowest Low) based on a 50-period lookback. This helps scalpers identify immediate "walls" in the market to set realistic Take Profit (TP) and Stop Loss (SL) levels.

4. Predictive Analytics Dashboard
The real-time panel in the top right provides:

Strategy State: Detects if the market is breaking out or consolidating.

Probability Score: A weighted calculation (smoothed by SMA) that determines the likelihood of the next move based on trend alignment.

Actionable Recommendation: Flashes "STRONG BUY" or "STRONG SELL" only when momentum and distance-to-target are optimal.

How to Trade with Scalping V5
Long Entry: Price must be above the EMA 200. Wait for the Ribbon to turn Blue and the Dashboard to display a Probability Up > 65%. Ensure there is enough "room" to the Red Resistance line.

Short Entry: Price must be below the EMA 200. Wait for the Ribbon to turn Red and the Dashboard to display a Probability Down > 65%. Ensure there is room to the Green Support line.

Exit Strategy: Take profits at the S/R levels or when the price closes back inside the EMA Ribbon.

Settings & Optimization
EMA 12/36: Optimized for Scalping. Increase to 20/50 for Day Trading.

Lookback S/R: Set to 50 for intraday levels; increase to 100 for more "significant" swing levels.

Overlay: This indicator is designed to be used directly on the price chart.

Disclaimer: Scalping involves significant risk. This tool is designed to assist your analysis and should be used in conjunction with proper risk management and price action confirmation.