OPEN-SOURCE SCRIPT
scalping2sahilnarkar

This is the a bit edited to the previous script. As per regulations i have kept this as an open script.
The only Difference to confirm your support resistance levels is an addition of simple moving average 21.
Rules are the Same-
-Trade long when above vwap and 21EMA
-Trade Short when below the VWAP.
EMA21 and EMA50 acts as support where as SMA 21 will show the Trend.
Even though This script is purely based on EMA's, i tend to find the SMA21 as a good Support resistance/support while taking a trade as it avoids the wipsaws while taking an entry.
Please Note-
-This is a scalping Script so book profits and keep stoplosses accordingly.
-When you put this script on the screen, remove everything except EMA9,EMA21,EMA50,EMA200 and the SMA21(keep the arrows and edit the arrows as you want)
-This is not a plug and play script so tune it as you want on the settings.
-Please consider using a VWAP always.
-I have made this script after putting it into many indian stocks you have to tune it as per your stock exchange.
The only Difference to confirm your support resistance levels is an addition of simple moving average 21.
Rules are the Same-
-Trade long when above vwap and 21EMA
-Trade Short when below the VWAP.
EMA21 and EMA50 acts as support where as SMA 21 will show the Trend.
Even though This script is purely based on EMA's, i tend to find the SMA21 as a good Support resistance/support while taking a trade as it avoids the wipsaws while taking an entry.
Please Note-
-This is a scalping Script so book profits and keep stoplosses accordingly.
-When you put this script on the screen, remove everything except EMA9,EMA21,EMA50,EMA200 and the SMA21(keep the arrows and edit the arrows as you want)
-This is not a plug and play script so tune it as you want on the settings.
-Please consider using a VWAP always.
-I have made this script after putting it into many indian stocks you have to tune it as per your stock exchange.
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这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神,该脚本的作者将其开源,以便交易者可以查看和验证其功能。向作者致敬!您可以免费使用该脚本,但请记住,重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供,也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。