Scalp Signal with SL TP 2
- Indicators
- Version: 1.0
Scalp Signal 2 is a MetaTrader 5 indicator that runs three independent trading strategies on one chart and prints color-coded buy/sell arrows with a full set of ATR-based levels: entry, stop loss and three take-profit targets. Each strategy can be turned on or off, so you can run one, two or all three at once.
Features
- Three strategies in one tool, each with its own arrow color so you always know which logic fired:
- Strategy 1 - Trend Pullback (EMA + ADX): buys pullbacks to the fast EMA inside an ADX-confirmed trend.
- Strategy 2 - Volatility Breakout (Bollinger squeeze + volume): trades breakouts out of a low-volatility squeeze confirmed by a volume spike.
- Strategy 3 - Momentum MTF (higher-timeframe EMA + RSI + ATR): trades momentum in the direction of the higher-timeframe trend when RSI crosses the midline.
- Automatic trade levels: every signal draws Entry, Stop Loss and TP1/TP2/TP3 from ATR, so risk adapts to current volatility.
- Closed-bar signals: all logic is evaluated on closed candles only, so arrows do not repaint on the forming bar.
- On-chart labels and a live status line showing the latest signal with its exact levels.
Inputs
- General: InpMaxBars (1500), InpAlerts (true), InpDrawLevels (true), InpLevelBars (6), InpShowLabels (true).
- ATR levels: InpAtrPeriod (14), InpSL_Mult (1.5), InpTP1_Mult (1.0), InpTP2_Mult (2.0), InpTP3_Mult (3.0).
- Strategy 1: InpUseS1 (true), InpEmaFast (20), InpEmaSlow (50), InpAdxPeriod (14), InpAdxThreshold (25.0).
- Strategy 2: InpUseS2 (true), InpBbPeriod (20), InpBbDev (2.0), InpKeltMult (1.5), InpVolMult (1.5).
- Strategy 3: InpUseS3 (true), InpHTF (H4), InpHtfEma (50), InpRsiPeriod (14), InpRsiMid (50.0), InpAtrAvgLen (50).
Outputs
- Six arrow types: S1 buy/sell (lime/red), S2 buy/sell (aqua/magenta), S3 buy/sell (chartreuse/orange-red).
- For each signal: a gold Entry line, a dashed red Stop Loss line and three dotted take-profit lines, with value labels.
- A status line on the chart showing the most recent signal, its direction and all levels.
Alerts
When a new signal closes, the indicator can raise a screen popup alert (with the default alert sound), once per signal. This version does not send push notifications or email.
Limitations
The entry reference is the close of the signal candle; the intended execution is the open of the next candle, so treat the levels as a plan rather than a fill price. Running all three strategies on low timeframes can place many objects on the chart; disable strategies you are not using. Signals confirm only on bar close, so they appear one bar after the trigger candle. This is a signal and level tool, not an automated system; you place and manage the orders, and it does not predict the market.
Full trading guide with examples: see the Comments section.
so good