Scalper Pro+Chart: MNQ (Micro E-mini Nasdaq 100 Futures) — 5-Minute Timeframe
DYNAMIC SCALPER PRO+
Five entry methods. Auto SL + three take-profit levels. TP hit tracking. Real-time P&L dashboard with live R:R. One indicator.
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OVERVIEW
Dynamic Scalper Pro+ is a complete trade management system that automatically calculates entry points, stop loss, and three take profit levels based on your defined risk parameters. It combines multiple entry detection methods with TP hit tracking, risk/reward zone fills, and a real-time P&L dashboard — everything needed to plan and manage trades in a single overlay.
Designed specifically for scalping micro futures (MNQ, MES, MYM, MGC, MCL) on 1-5 minute charts, but works on any instrument and timeframe.
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HOW IT WORKS
The indicator offers five entry methods plus a Dormant mode:
1. Manual Entry — Specify an exact price level for planning trades in advance
2. Williams Fractal — Identifies swing highs and lows using fractal geometry with configurable period
3. EMA/WMA Cross — Detects momentum shifts when fast moving averages cross slower ones, with a built-in Distance Filter
4. RSI Reversal — Signals when RSI crosses out of oversold or overbought zones
5. ATR Breakout — Catches momentum expansion when price breaks recent ranges with above-average volatility
Plus: None (Dormant) — Indicator goes silent with all visuals hidden until you activate it
Once an entry is detected, the indicator automatically calculates:
- Stop Loss at your specified distance (in points)
- TP1, TP2, and TP3 at your defined risk/reward ratios (default 2:1, 3:1, 4:1)
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ENTRY METHODS EXPLAINED
MANUAL ENTRY:
You set a fixed entry price and direction (Long/Short). The indicator immediately draws SL and TP levels from that price. Use this for pre-planning trades at specific levels, or when you want to use the SL/TP visualization without automatic signal detection. Manual entries are persistent and do not auto-complete.
WILLIAMS FRACTAL:
Uses classic fractal geometry to identify confirmed swing highs and lows. A fractal high requires the middle bar's high to be higher than N bars on each side. A fractal low requires the middle bar's low to be lower than N bars on each side. The configurable lookback period (default 5) controls sensitivity. Fractal signals have inherent lag equal to the lookback period — this is the confirmation delay that makes them non-repainting.
EMA/WMA CROSS:
Detects when a fast EMA crosses a medium EMA, with an optional slow WMA trend filter. Includes a built-in Distance Filter — standard moving average crossovers generate many false signals in choppy markets. The Distance Filter requires the EMAs to be separated by a minimum point gap before the crossover counts as valid. Specifically, the indicator checks whether the EMA gap on the bar before the cross met or exceeded your threshold. This significantly reduces whipsaws during consolidation periods. An optional confirmation bar setting requires the cross to hold for an additional bar before triggering.
RSI REVERSAL:
Generates long signals when RSI crosses above the oversold level (default 30) and short signals when RSI crosses below the overbought level (default 70). Clean and simple momentum reversal detection.
ATR BREAKOUT:
Fires when price closes above the recent high or below the recent low AND the current bar's range exceeds a multiple of the average range. A 10-period simple moving average directional filter confirms the breakout direction. This catches genuine momentum expansion moves while filtering out low-volatility noise.
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TRADE MANAGEMENT
When a signal fires, the indicator:
1. Captures the entry price (candle close or fractal price)
2. Draws horizontal lines at Entry, Stop Loss, TP1, TP2, TP3 — all extending from the entry bar
3. Places price labels at each level showing exact values
4. Shades the risk zone (entry to SL) and reward zones (entry to each TP)
5. Activates the real-time dashboard
6. Locks the trade — no new signals can overwrite until completion
TRADE COMPLETION (Auto Methods):
When price hits either the Stop Loss or TP3, the trade is complete. The dashboard displays the completion reason (SL Hit or TP3 Hit) for several bars, then all visuals clear automatically. The indicator resets and waits for the next signal. No manual cleanup required.
TP HIT TRACKING:
When price reaches TP1 or TP2 during an active trade:
- The line changes from solid to dashed
- A ✓ marker is placed on the chart at the hit bar
- The price label and dashboard update with a ✓ indicator
This gives you instant visual confirmation of partial targets being reached while the trade continues running toward TP3.
TRAILING STOP (Optional):
When enabled, the stop loss management becomes dynamic:
- After price moves a specified number of points in your favor, the SL moves to breakeven
- After price moves further (second threshold), the SL begins trailing by your specified offset
- The trailing stop only moves in the profitable direction — it never moves backward
For single-contract traders, the trailing stop is especially powerful: when TP1 is reached, the system automatically protects your profit while keeping you in the trade for the bigger TP2/TP3 targets.
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REAL-TIME DASHBOARD
The on-chart dashboard displays:
- Current entry method active
- Trade direction (LONG/SHORT)
- Entry price
- Current unrealized P&L (in currency, using your Point Value and contract count)
- Current R:R achieved (e.g., "1.85R")
- Risk amount (SL dollar value)
- Bars elapsed since entry
- Trade completion status (SL Hit / TP3 Hit) with color-coded header
The dashboard supports nine positions (Top/Middle/Bottom × Left/Center/Right), configurable text size, and full visibility control.
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UNIVERSAL INSTRUMENT SUPPORT
The indicator includes configurable Point Value and Currency Symbol settings so the P&L dashboard displays accurate amounts for any instrument:
Common Point Values:
- MNQ (Micro Nasdaq): $2.00
- MES (Micro S&P): $5.00
- MYM (Micro Dow): $0.50
- MGC (Micro Gold): $10.00
- MCL (Micro Crude): $10.00
- ES (E-mini S&P): $50.00
- NQ (E-mini Nasdaq): $20.00
- Forex (standard lot): varies by pair
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WHAT MAKES THIS DIFFERENT
1. Distance Filter — Built-in EMA cross filter that checks whether the moving averages were separated by a minimum gap before the crossover. Eliminates whipsaw signals during consolidation without adding lag.
2. TP Hit Tracking — Visual confirmation when TP1 and TP2 are reached (dashed lines, ✓ markers, dashboard status). Most SL/TP indicators treat take profits as static lines with no feedback.
3. Integrated Multi-Method System — Five different entry detection methods in one indicator. Switch between methods without adding/removing indicators or reconfiguring your chart.
4. Trade Lock — Active trades cannot be overwritten by new signals. The current trade must complete (SL or TP3) before a new entry is accepted. Prevents signal stacking.
5. Dormant Mode — "None" option hides all visuals and goes completely silent. Your chart stays clean until you're ready to trade.
6. Real-Time P&L Dashboard — Shows dollar exposure, current R:R, TP status, and bars in trade. Updated on every tick. No mental math required.
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KEY SETTINGS
Trade Setup:
- Entry Method: None, Manual Entry, Williams Fractal, MA Cross, RSI Reversal, ATR Breakout
- Trade Direction: Long, Short, or Both
- Manual entry price
- Point Value and Currency Symbol
- Number of contracts
Risk Management:
- Stop Loss distance (points)
- TP1, TP2, TP3 risk/reward ratios (ensure TP1 < TP2 < TP3)
- Trailing Stop toggle with breakeven and trail thresholds
Williams Fractal:
- Lookback period (default 5)
- Show fractal triangles and/or labels
EMA/WMA Cross:
- Fast EMA period (default 9)
- Medium EMA period (default 20)
- Slow WMA period (default 30)
- Distance Filter toggle and minimum gap threshold
- Confirmation bars (when Distance Filter is off)
- Individual show/hide toggles for each MA line
RSI Reversal:
- RSI period (default 14)
ATR Breakout:
- ATR period and multiplier
- Breakout lookback bars
Display:
- Dashboard position (9 positions), text size, visibility
- Signal, price, and fractal label sizes
Visual Customization:
- Entry, SL, TP1, TP2, TP3 line colors and widths
- Connector line color and width
- Signal label colors (Long/Short backgrounds and text)
- All price label colors (background and text for each level)
- MA line colors and widths
- Fractal marker colors
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ALERTS
Six alert conditions available:
- Long Entry Signal — Any method detects a long setup
- Short Entry Signal — Any method detects a short setup
- Stop Loss Hit — Price reaches stop loss level
- TP1 Reached — Price reaches first take profit
- TP2 Reached — Price reaches second take profit
- TP3 Hit (Trade Complete) — Price reaches third take profit, trade ends
All alert messages include ticker and interval for multi-chart monitoring.
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TIMEFRAME COMPATIBILITY
Works on all timeframes. Optimized for:
- Scalping: 1m, 2m, 5m (primary use case)
- Day Trading: 5m, 15m, 30m
- Swing Trading: 1H, 4H, Daily (increase SL distance and R:R ratios accordingly)
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WHAT'S NEW IN THIS VERSION
Upgraded from NPR21 Dynamic Scalper SL/TP v2.0:
- Current R:R display in dashboard (e.g., "1.85R")
- Trade lock prevents signal stacking during active trades
- SL Hit, TP1, TP2, TP3 alert conditions (previously entry-only)
- TP lines now correctly extend from entry bar
- Fractal trades no longer killed on signal bar
- Manual Entry no longer resets every bar (trailing stop now works)
- Completion state persists briefly before clearing
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DISCLAIMER:
This indicator is for educational and informational purposes only. It is not financial advice. Past performance does not guarantee future results. Trading involves substantial risk of loss. Always use proper risk management and combine with other analysis methods.
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Questions or feedback? Drop a comment below.
Great Trading,
NPR21
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