What's the best Scalping Trend indicator (In Your Opinion).

METAL

Expert Trader
Plus
Hey all, I have tried so many indicators, I have forgot more than I can remember. I would like to know what you guys use. Preferably a lower but upper will do. I am using it on low time frames 1m to 3m. Thanks in advance.
 
So far testing this week the B_Xtender_Chande_OSC_V4
https://usethinkscript.com/threads/b-xtender-momentum-plus-chande-directional-momo.22412/
script has been 100% wins on the last 8 trades. Running 0DTE on the 5 minute chart following a list of 4 to 5 rules on entries and exits. One example today was playing the QQQ - had entry signal at 9:10am with ATM call bought for $3.82 and exit signal at 11:10am for exit sell of $5.64. Did not trade the Q's the rest of the day. 47.6% R
TSLA today had entry ATM call at 9:50am for $26.42 and out at 11:35 for $29.30, did not trade TSLA the rest of day. 11% R
 
Last edited by a moderator:
Another promising one is the EMA 9 / 21 ATR Entry + Exit + Action + Arrow Signals
# stand-alone combined w/helper
This is a stand-alone ThinkorSwim helper that turns the 9/21 EMA framework into a heads-up panel by classifying ATR-normalized spread quality, current hold/trim/exit state, and a simple action posture, while plotting only selective first-occurrence arrows for high-value bull/bear entries, warnings, and hard exits. It’s built to keep the chart readable and summarize whether the trend is early, ideal, mature, stretched, failing, or worth waiting on.
I am running this currently on the paper trading TOS platform. It looks to offer signals later than the B_Xtender_Chande_OSC_V4 script due to validations and it exits later for the same reason. So far it looks very good.
 
Both the B_Xtender_Chande_OSC_V4 script and the EMA 9 / 21 ATR Entry + Exit + Action + Arrow Signals script are not set it and forget it indicators. Both require reading the overall structure, regime and price position of the price action chart for a final decision. These just alert you that you are in a good position for profits.
Both of these indicators are only found in the VIP forums; (the EMA 9 / 21 ATR Entry + Exit + Action + Arrow Signals have not been loaded yet but will be after testing.)
 
Some people also ask how do you know which stock to choose, which is a more important question than which indicator, indicators even the best ones are useless if the stock is crap. One simple (very simple) scan is for high beta stocks. Having a high beta does not guarantee a good stock it might point to better premiums. A high-beta stock scan with filters to weed out bad names is a good way to choose stocks to play because it narrows the universe to stocks that can actually move while avoiding low-quality setups that burn time, attention, and premium. In practice, it helps you focus on names with enough volatility, liquidity, and trend or catalyst quality to matter, instead of chasing random movers that are weak, illiquid, or structurally broken. Here is the Beta scanner for you to play with.
https://tos.mx/!RMARnyCH
 
So far testing this week the B_Xtender_Chande_OSC_V4 script has been 100% wins on the last 8 trades. Running 0DTE on the 5 minute chart following a list of 4 to 5 rules on entries and exits. One example today was playing the QQQ - had entry signal at 9:10am with ATM call bought for $3.82 and exit signal at 11:10am for exit sell of $5.64. Did not trade the Q's the rest of the day. 47.6% R
TSLA today had entry ATM call at 9:50am for $26.42 and out at 11:35 for $29.30, did not trade TSLA the rest of day. 11% R
Hi, which one is B_Xtender_Chande_OSC_V4 if u dont mind plz ? any example?
 

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

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
2381 Online
Create Post

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.
Back
Top