ITM EMA Scalper (9/15) + Dual Index Confirmation

ITM EMA Scalper (9/15) + Dual Index Confirmation is a precision scalping tool designed for traders who want high-probability entries, tight risk, and clean momentum trades using ITM options on NIFTY & BANKNIFTY.

This indicator combines price action, EMA trend filters, momentum candle logic, and a dual-index confirmation system to eliminate fake signals and catch only high-quality moves.

🔥 Core Logic

This indicator uses:

9 EMA & 15 EMA for trend direction

EMA angle filter (≥30°) to ensure strong directional momentum

Momentum candle detection (Pin Bar, Big Body, Rejection Candle)

EMA touch/rejection logic for precision entries

Dual index alignment (NIFTY + BANKNIFTY) for institutional-level confirmation

Trades occur only when both indices agree, dramatically reducing false setups.

🎯 Entry Conditions

A BUY signal appears when:

9 EMA > 15 EMA

Both EMAs have strong upward slope

Momentum candle forms while touching/near EMAs

Candle closes bullish

Confirmation index (e.g., BankNifty) also bullish

A SELL signal is the exact opposite.

🛡 Risk Management Built-In

For every valid setup, the indicator automatically plots:

Entry level (break of candle high/low)

Stop-loss level (low/high of signal candle)

1:2 Risk–Reward Target

These lines extend until target or SL is hit (or are cleared automatically after N bars).

🧠 Why ITM Options?

Using ITM options gives:

Higher delta

Faster momentum capture

Lower time decay impact

Cleaner correlation with spot movement

Perfect for scalping.

📈 Ideal Timeframe

Designed for 5-minute charts

Works for both NIFTY and BANKNIFTY

⚡ Alerts Included

BUY Alert

SELL Alert

These alerts trigger exactly when the strategy identifies a high-probability setup.

🚫 Avoid False Signals

This indicator prevents trades if:

Trend is flat

EMAs lose angle

Opposite index contradicts the setup

Candle lacks momentum

Market is choppy or sideways

💡 Perfect For

Scalpers

Index option traders

ITM directional traders

Algo traders needing clean signal logic

Momentum strategy users