Dynamic Convergence Scalper# Dynamic Convergence Scalper (DCORE)
## Overview
The Dynamic Convergence Scalper (DCORE) is a comprehensive technical analysis indicator designed for scalping and short-term trading strategies. It identifies high-probability entry points by combining multiple technical factors including support/resistance levels, volume analysis, trend filtering, and volatility assessment.
## Key Features
### Core Strategy Components
- **Dynamic Support & Resistance Detection**: Automatically identifies key price levels using configurable lookback periods
- **Multi-Timeframe Trend Filtering**: Higher timeframe (HTF) trend analysis using EMA 200 and MACD for directional bias
- **Volume Confirmation**: Validates signals with above-average volume requirements
- **VWAP Integration**: Uses Volume Weighted Average Price for additional trend confirmation
- **ATR-Based Volatility Filtering**: Ensures adequate market volatility for successful scalping
### Entry Signal Generation
**Long (Bullish) Signals**:
- Price closes above support buffer zone
- Price touches or wicks below the support level
- Volume exceeds the moving average
- Optional: HTF trend is bullish (close > EMA 200 and MACD histogram > 0)
- Optional: Price is above VWAP
- Optional: ATR meets minimum threshold requirements
**Short (Bearish) Signals**:
- Price closes below resistance buffer zone
- Price touches or wicks above the resistance level
- Volume exceeds the moving average
- Optional: HTF trend is bearish (close < EMA 200 and MACD histogram < 0)
- Optional: Price is below VWAP
- Optional: ATR meets minimum threshold requirements
### Risk Management
- **Automatic Stop Loss Calculation**: ATR-based stop losses with customizable multipliers
- **Multiple Take Profit Levels**: TP1 and TP2 targets based on reward-to-risk ratios
- **Visual Risk Display**: Clear visualization of entry zones, stop losses, and profit targets
- **Real-time Trade Tracking**: Monitors open positions and calculates win/loss statistics
### Advanced Filtering System
- **HTF Trend Filter**: Prevents counter-trend trades using higher timeframe analysis
- **ATR Threshold Filter**: Ensures sufficient volatility with intelligently calibrated thresholds:
- **Auto Mode**: Automatically sets optimal ATR thresholds based on timeframe:
- 1-minute: 10.0 points minimum volatility
- 3-minute: 27.5 points minimum volatility
- 5-minute: 45.0 points minimum volatility
- 10-minute: 80.0 points minimum volatility
- 15-minute: 110.0 points minimum volatility
- 30-minute: 200.0 points minimum volatility
- 1-hour: 350.0 points minimum volatility
- 4-hour: 800.0 points minimum volatility
- Daily: 1500.0 points minimum volatility
- **Manual Mode**: Allows custom threshold setting for specialized trading conditions
- **Purpose**: Filters out low-volatility periods where scalping strategies typically underperform
- **VWAP Filter**: Adds confluence with institutional trading levels
- **Volume Filter**: Confirms genuine breakouts with volume validation
### Visual Elements
- **Entry Zone Highlighting**: Color-coded boxes showing optimal entry areas
- **Dynamic Price Levels**: Real-time support and resistance plotting
- **Risk/Reward Lines**: Clear visualization of stop loss and take profit levels
- **Comprehensive Dashboard**: Real-time market analysis and signal quality assessment
### Dashboard Information
The integrated dashboard displays:
- HTF trend direction and strength
- Current market bias (Long/Short/Neutral)
- Signal quality scoring (0-100%)
- Volume analysis and RSI levels
- Volatility assessment
- Distance to key price levels
- Filter status indicators
- Trade performance tracking
### Customization Options
- **Lookback Period**: Adjustable support/resistance calculation period (default: 20)
- **ATR Settings**: Comprehensive volatility configuration:
- **ATR Period**: Adjustable calculation period (default: 14)
- **Stop Loss Multiplier**: ATR multiplier for stop loss placement (default: 1.5)
- **Take Profit Multipliers**: Separate multipliers for TP1 (1.5) and TP2 (2.0)
- **Threshold Mode**: Choose between Auto (timeframe-optimized) or Manual ATR filtering
- **Manual Threshold**: Custom ATR minimum when using manual mode
- **Filter Controls**: Toggle HTF, ATR, and VWAP filters independently
- **Visual Settings**: Configurable dashboard position, size, and line extensions
- **Alert System**: Comprehensive alert conditions for all entry and exit signals
### Timeframe Compatibility
The indicator works across all timeframes with intelligently auto-calibrated ATR thresholds:
- **Supported Timeframes**: 1-minute to daily charts
- **ATR Volatility Requirements**: Each timeframe has optimized minimum volatility thresholds to ensure adequate price movement for profitable scalping:
- Lower timeframes (1-15 min) require proportionally lower ATR values (10-110 points)
- Medium timeframes (30 min-1 hour) require moderate ATR values (200-350 points)
- Higher timeframes (4-hour and daily) require substantial ATR values (800-1500 points)
- **Smart Filtering**: Only generates signals when market volatility exceeds timeframe-appropriate minimums
- **Adaptability**: Manual override available for unique market conditions or specific instruments
- **HTF Analysis**: Higher timeframe trend analysis can use any timeframe above the chart timeframe
### Use Cases
- **Scalping**: Short-term trades with quick profit targets
- **Day Trading**: Intraday momentum and reversal strategies
- **Swing Trading**: Multi-day positions using HTF trend alignment
- **Risk Management**: Clear stop loss and take profit guidelines
### Educational Value
This indicator serves as an excellent learning tool for:
- Understanding multi-timeframe analysis
- Learning proper risk management techniques
- Recognizing high-quality trade setups
- Developing systematic trading approaches
## Important Notes
- **Backtesting Recommended**: Test the strategy on historical data before live trading
- **Risk Management**: Always use proper position sizing and never risk more than you can afford to lose
- **Market Conditions**: Performance may vary across different market conditions and volatility regimes
- **Complementary Analysis**: Best used in conjunction with fundamental analysis and market context
## Disclaimer
This indicator is for educational and informational purposes only. Past performance does not guarantee future results. Trading involves substantial risk of loss and is not suitable for all investors. Users should conduct their own research and consider their financial situation before making trading decisions.
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*The Dynamic Convergence Scalper combines time-tested technical analysis principles with modern risk management techniques to provide traders with a comprehensive scalping solution. Its multi-factor approach helps filter out low-quality signals while highlighting high-probability trading opportunities.*
NASDAQ 100 E-MINI FUTURES
FlowStateTrader FlowState Trader - Advanced Time-Filtered Strategy
## Overview
FlowState Trader is a sophisticated algorithmic trading strategy that combines precision entry signals with intelligent time-based filtering and adaptive risk management. Built for traders seeking to achieve their optimal performance state, FlowState identifies high-probability trading opportunities within user-defined time windows while employing dynamic trailing stops and partial position management.
## Core Strategy Philosophy
FlowState Trader operates on the principle that peak trading performance occurs when three elements align: **Focus** (precise entry signals), **Flow** (optimal time windows), and **State** (intelligent position management). This strategy excels at finding reversal opportunities at key support and resistance levels while filtering out suboptimal trading periods to keep traders in their optimal flow state.
## Key Features
### 🎯 Focus Entry System
**Support/Resistance Zone Trading**:
- Dynamic identification of key price levels using configurable lookback periods
- Entry signals triggered when price interacts with these critical zones
- Volume confirmation ensures genuine breakout/reversal momentum
- Trend filter alignment prevents counter-trend disasters
**Entry Conditions**:
- **Long Signals**: Price closes above support buffer, touches support level, with above-average volume
- **Short Signals**: Price closes below resistance buffer, touches resistance level, with above-average volume
- Optional trend filter using EMA or SMA for directional bias confirmation
### ⏰ FlowState Time Filtering System
**Comprehensive Time Controls**:
- **12-Hour Format Trading Windows**: User-friendly AM/PM time selection
- **Multi-Timezone Support**: UTC, EST, PST, CST with automatic conversion
- **Day-of-Week Filtering**: Trade only weekdays, weekends, or both
- **Lunch Hour Avoidance**: Automatically skips low-volume lunch periods (12-1 PM)
- **Visual Time Indicators**: Background coloring shows active/inactive trading periods
**Smart Time Features**:
- Handles overnight trading sessions seamlessly
- Prevents trades during historically poor performance periods
- Customizable trading hours for different market sessions
- Real-time trading window status in dashboard
### 🛡️ Adaptive Risk Management
**Multi-Level Take Profit System**:
- **TP1**: First profit target with optional partial position closure
- **TP2**: Final profit target for remaining position
- **Flexible Scaling**: Choose number of contracts to close at each level
**Dynamic Trailing Stop Technology**:
- **Three Operating Modes**:
- **Conservative**: Earlier activation, tighter trailing (protect profits)
- **Balanced**: Optimal risk/reward balance (recommended)
- **Aggressive**: Later activation, wider trailing (let winners run)
- **ATR-Based Calculations**: Adapts to current market volatility
- **Automatic Activation**: Engages when position reaches profitability threshold
### 📊 Intelligent Position Sizing
**Contract-Based Management**:
- Configurable entry quantity (1-1000 contracts)
- Partial close quantities for profit-taking
- Clear position tracking and P&L monitoring
- Real-time position status updates
### 🎨 Professional Visualization
**Enhanced Chart Elements**:
- **Entry Zone Highlighting**: Clear visual identification of trading opportunities
- **Dynamic Risk/Reward Lines**: Real-time TP and SL levels with price labels
- **Trailing Stop Visualization**: Live tracking of adaptive stop levels
- **Support/Resistance Lines**: Key level identification
- **Time Window Background**: Visual confirmation of active trading periods
**Dual Dashboard System**:
- **Strategy Dashboard**: Real-time position info, settings status, and current levels
- **Performance Scorecard**: Live P&L tracking, win rates, and trade statistics
- **Customizable Sizing**: Small, Medium, or Large display options
### ⚙️ Comprehensive Customization
**Core Strategy Settings**:
- **Lookback Period**: Support/resistance calculation period (5-100 bars)
- **ATR Configuration**: Period and multipliers for stops/targets
- **Reward-to-Risk Ratios**: Customizable profit target calculations
- **Trend Filter Options**: EMA/SMA selection with adjustable periods
**Time Filter Controls**:
- **Trading Hours**: Start/end times in 12-hour format
- **Timezone Selection**: Four major timezone options
- **Day Restrictions**: Weekend-only, weekday-only, or unrestricted
- **Session Management**: Lunch hour avoidance and custom periods
**Risk Management Options**:
- **Trailing Stop Modes**: Conservative/Balanced/Aggressive presets
- **Partial Close Settings**: Enable/disable with custom quantities
- **Alert System**: Comprehensive notifications for all trade events
### 📈 Performance Tracking
**Real-Time Metrics**:
- Net profit/loss calculation
- Win rate percentage
- Profit factor analysis
- Maximum drawdown tracking
- Total trade count and breakdown
- Current position P&L
**Trade Analytics**:
- Winner/loser ratio tracking
- Real-time performance scorecard
- Strategy effectiveness monitoring
- Risk-adjusted return metrics
### 🔔 Alert System
**Comprehensive Notifications**:
- Entry signal alerts with price and quantity
- Take profit level hits (TP1 and TP2)
- Stop loss activations
- Trailing stop engagements
- Position closure notifications
## Strategy Logic Deep Dive
### Entry Signal Generation
The strategy identifies high-probability reversal points by combining multiple confirmation factors:
1. **Price Action**: Looks for price interaction with key support/resistance levels
2. **Volume Confirmation**: Ensures sufficient market interest and liquidity
3. **Trend Alignment**: Optional filter prevents counter-trend positions
4. **Time Validation**: Only trades during user-defined optimal periods
5. **Zone Analysis**: Entry occurs within calculated buffer zones around key levels
### Risk Management Philosophy
FlowState Trader employs a three-tier risk management approach:
1. **Initial Protection**: ATR-based stop losses set at strategy entry
2. **Profit Preservation**: Trailing stops activate once position becomes profitable
3. **Scaled Exit**: Partial profit-taking allows for both security and potential
### Time-Based Edge
The time filtering system recognizes that not all trading hours are equal:
- Avoids low-volume, high-spread periods
- Focuses on optimal liquidity windows
- Prevents trading during news events (lunch hours)
- Allows customization for different market sessions
## Best Practices and Optimization
### Recommended Settings
**For Scalping (1-5 minute charts)**:
- Lookback Period: 10-20
- ATR Period: 14
- Trailing Stop: Conservative mode
- Time Filter: Major session hours only
**For Day Trading (15-60 minute charts)**:
- Lookback Period: 20-30
- ATR Period: 14-21
- Trailing Stop: Balanced mode
- Time Filter: Extended trading hours
**For Swing Trading (4H+ charts)**:
- Lookback Period: 30-50
- ATR Period: 21+
- Trailing Stop: Aggressive mode
- Time Filter: Disabled or very broad
### Market Compatibility
- **Forex**: Excellent for major pairs during active sessions
- **Stocks**: Ideal for liquid stocks during market hours
- **Futures**: Perfect for index and commodity futures
- **Crypto**: Effective on major cryptocurrencies (24/7 capability)
### Risk Considerations
- **Market Conditions**: Performance varies with volatility regimes
- **Timeframe Selection**: Lower timeframes require tighter risk management
- **Position Sizing**: Never risk more than 1-2% of account per trade
- **Backtesting**: Always test on historical data before live implementation
## Educational Value
FlowState serves as an excellent learning tool for:
- Understanding support/resistance trading
- Learning proper time-based filtering
- Mastering trailing stop techniques
- Developing systematic trading approaches
- Risk management best practices
## Disclaimer
This strategy is for educational and informational purposes only. Past performance does not guarantee future results. Trading involves substantial risk of loss and is not suitable for all investors. Users should thoroughly backtest the strategy and understand all risks before live trading. Always use proper position sizing and never risk more than you can afford to lose.
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*FlowState Trader represents the evolution of systematic trading - combining classical technical analysis with modern risk management and intelligent time filtering to help traders achieve their optimal performance state through systematic, disciplined execution.*
ICT NY Midnight Open BY RASHID X SARAThis indicator plots the New York Midnight Open price level on your chart.
It automatically detects the first bar of the New York session at 00:00 (midnight) and marks the open price with a horizontal line.
The line can be extended for a customizable number of hours or days, or to the right side of the chart.
The script also adds an optional vertical line at the midnight bar for better visibility.
This tool is especially useful for traders using ICT concepts, as the New York Midnight Open often acts as a key level of support or resistance.
NDX Levels Adjusted to Active TickerThis indicator allows you to plot custom NDX levels directly on the NQ1! (E-mini NASDAQ-100 Futures) chart, automatically adjusting for the spread between NDX and NQ1!. This is particularly useful for traders who perform technical analysis on NDX but execute trades on NQ1!.
Features:
Input up to three NDX key levels to track (e.g., 23000, 24000, 25000).
The script adjusts these levels in real-time based on the current spread between NDX and NQ1!
Displays the spread in the chart header for quick reference
Plots updated horizontal lines that move with the spread
Includes optional labels showing the spread periodically to reduce clutter
Supports Multiple Tickers: NQ1!, QQQ, NAS100 and NAS100USD.
Ideal for futures traders who want SPX context while trading NQ1!, QQQ, NAS100 or NAS100USD..
Circuit Breaker - MFFUThis Indicator Is Used To Protect User From Over Trading After Market Hit The Circuit Breakers.
The CME Exchange Usually Halts Trading If Market Hit + or - 7%.
To Protect Users From Extreme Volatile Condition MFFU, Halts Trading If Market Hits + or - 5%.
This Indicator helps us to plot the circuit breaking lines helping us to when to stop trading.
Average Candle Size (Points)ATR but with the ability to add threshold lines (UP TO 3) that help gauge how volatile the market is. Also, note that the default threshold values are set up for NQ Futures so you will need to change your values to your specific needs.
Bull Flag DetectionThe FuturesGod bull flag indicator aims to identify the occurrence of bull flags.
Bull flags are a popular trading pattern that allows users to gauge long entries into a given market. Flags consist of a pole that is followed by either a downward or sideways consolidation period.
This script can be used on any market but was intended for futures (NQ, ES) trading on the intraday timeframe.
The script does the following:
1. Identifies the occurrence of a flag pole. This is based on a lookback period and percentage threshold decided by the user.
2. Marks the consolidation area after the pole occurrence using swing highs and swing lows.
3. Visually the above is represented by a shaded green area.
4. When a pole is detected, it is marked by a downward off-white triangle. Note that if the percentage threshold is reached several times on the same upward climb, the script will continue to identify points where the threshold for pole detection is met.
5. Also visualized are the 20, 50 and 200 period exponential moving averages. The area between the 20 and 50 EMAs are shaded to provide traders a visual of a possible support area.
ICT Index ScheduleNew ICT student here, decided to compile the daily schedule and salient levels for London and New York index sessions into one place to aid my learning – thought others might benefit from this too :)
The script works with whatever timezone setting, however make sure to change your timezone to New York time if you want to have the proper time-price alignment (I personally find it helpful when studying).
Here's a legend of all the elements displayed at once:
London only:
New York only:
// Couldn't find a comprehensive script with all the elements included, s/o to @the1dv for their Days of Week script.
Pre Market \ Opening Range High LowGreen vertical lines are showing pre market open and then the opening range as the first hour of market NYSE market open
Pre market high and low are blue lines | intraday opening range high low are in white
Trades are taken in the current direction above | below range breaks with the direction of price action using the moving averages
Price breaking through moving averages and a range is the optimal trade to enter - exit at next range for target - stop loss below the lower | higher moving average depending on short or long
A break above or below the intraday high or low and pre market high or low can give massive profits trailing your stop loss as price runs
Using MA 5 and 12 to filter out entries and exits above or below the ranges short or long is also another strategy to implement
BEST TIME FRAME TO USE IS 5 MINUTE
Equity Index Extended HoursHighlights the extended hours/Globex session for US Equity Index Futures.
Overnight Bollinger Band ExtremesThis script is a combination of my overnight fakeout script and bollinger band color bars. It's designed to be used on CME/CBOT Equity Indexes during their GLOBEX session. It uses the built in Bollinger Band script and highlights bars that exceed the upper/lower bands during the overnight session.
Equity Index Overnight FakeoutThis script highlights when price violates the highest high or lowest low within the user's selected lookback period, with the caveat that it occurs during the GLOBEX session. The script is designed to work exclusively with the trading hours for CME and CBOT Equity Index futures. I'm planning to make a more customizable version down the line.
My reasoning behind this very simple script is that the low liquidity and participation of the overnight session creates a tendency for moves at extremes to mean revert. Let me know what you think.