I am mostly a scalp trader on 1 min charts, I need a good "lower" indicator


New member
My strategy is mostly to trade small breakouts, long or short, on the 1 min chart. Im usually in trades for a few seconds, a few minutes at most. I am struggling to find a lower indicator... and I KNOW there must be something out there to help me raise my % accuracy.

What is the most helpful indicator for you on 1 min charts? Even if its not lower... I'm always looking to improve!
What you need to find is a leading lower indicator rather than a trailing indicator if you want to use it for quick scalps... A few to experiment with would be RSI, Momentum, On Balance Volume, and Awesome Indicator... One concept I've been kicking around is to code a lower indicator using some of the Ichimoku upper indicator logic... Anything to give an edge for quick scalps...

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Why don't you put your indicators on a Range Chart. Of course you will have to pick the right Range. If you intend to be in a trade for just
a few minutes than for tesla it could be $0.50.
Than add RSI and Stochastic and see how it works. We tend to use sophisticated custom indicators thinking they are better but most traders
use the once that are commonly accessible and this obviously affect the price action.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
344 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.