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Expert Trader: Pro Scalp Dashboard

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Description
Overview This indicator is a comprehensive trading system designed for Scalpers and Day Traders who operate on lower timeframes (1M, 5M, 15M) but need to respect the higher timeframe (HTF) context. It combines on-chart technical analysis tools with a sophisticated Multi-Timeframe (MTF) Information Dashboard to identify high-probability setups and filter out risky entries.

Key Features
1. The "Pro Scalp" Dashboard Located on the right side of your screen, this panel provides real-time situational awareness without the need to switch charts:

MTF Momentum (WaveTrend): Monitors the 1H and 4H WaveTrend cycles.

Strategy: Look for trade entries on your current timeframe that align with the 1H and 4H Trend Bias (e.g., Only Long when HTF is Green).

Risk Filtration (MTF RSI): Automatically flags dangerous entry zones.

Alerts: Displays "NO LONG (Risk)" or "NO SHORT (Risk)" if the 1H or 4H RSI indicates overbought or oversold conditions, protecting you from buying tops or selling bottoms.

Volume "BANG!" Detection: Compares current volume against the 20-period average.

Trigger: Flashes "BANG! 💥" when volume spikes (default: 2.5x average), signaling institutional activity or a breakout.

ADX Strength: indicates whether the market is trending or ranging.

2. On-Chart Technical Structure

Dual DEMA (50 & 200): Double Exponential Moving Averages provide a faster, more responsive trend baseline than standard EMAs, reducing lag for scalping entries.

Bollinger Bands: Visualizes volatility expansion and mean reversion levels.

How to Use

Bullish Setup: Price is above DEMA 50/200 + Dashboard shows 1H/4H WaveTrend "LONG" + Volume shows "BANG!".

Bearish Setup: Price is below DEMA 50/200 + Dashboard shows 1H/4H WaveTrend "SHORT".

Caution: Avoid entries when the Dashboard RSI filters show "Risk" or ADX is below 20 (Choppy Market).

Settings

DEMA Lengths: Fully customizable.

Volume Factor: Adjust the sensitivity of the volume spike detection.

Dashboard Position: Fixed to the middle-right for better visibility.

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