ATR-Based Scalping Strategy for Lower TFs

#### Overview:
This strategy is designed for lower timeframes (e.g., 1-minute, 5-minute charts) and utilizes the Average True Range (ATR) indicator to adapt to market volatility. It combines ATR with Exponential Moving Average (EMA) and Relative Strength Index (RSI) to generate precise entry signals. The strategy is ideal for scalping and short-term trading, as it dynamically adjusts to changing market conditions.

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#### Key Components:

1. ATR (Average True Range):
- Measures market volatility.
- Dynamic support and resistance levels are calculated based on ATR.

2. EMA (Exponential Moving Average):
- Used to determine the trend direction.
- EMA 50 acts as a trend filter.

3. RSI (Relative Strength Index):
- Confirms overbought/oversold conditions.
- Helps avoid false signals during extreme market conditions.

4. Dynamic Levels:
- Levels are calculated using ATR and adjust in real-time based on price action.

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#### Strategy Logic:

1. ATR-Based Levels:
- Upper Level: Close + ATR * Multiplier
- Lower Level: Close - ATR * Multiplier
- These levels adapt to current market volatility.

2. EMA Trend Filter:
- Long trades: Price must be above EMA 50 (uptrend).
- Short trades: Price must be below EMA 50 (downtrend).

3. RSI Confirmation:
- Long trades: RSI < 70 (not overbought).
- Short trades: RSI > 30 (not oversold).

4. Entry Signals:
- Buy Signal: Price is above the upper ATR level, above EMA 50, and RSI is not overbought.
- Sell Signal: Price is below the lower ATR level, below EMA 50, and RSI is not oversold.

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#### How to Use:

1. Add the indicator to your chart in TradingView.
2. Configure the settings:
- ATR Length: 14 (default).
- ATR Multiplier: 2.0 (default).
- EMA Length: 50 (default).
- RSI Length: 14 (default).
- Zone Color: Customize the color and transparency of the ATR zones.
3. Look for signals on the chart:
- Buy: Label "BUY" appears when conditions are met.
- Sell: Label "SELL" appears when conditions are met.
4. Backtest the strategy on historical data to evaluate performance.