---

Day Trading / Scalping with Optimal Trade Entrance

---

• 3 in 1 indicators: OTE (Optimal Trade Entrance) Scalping, EMA Scalping, EMA Day Trading
• Great for any trading instrument: Options, Futures, Indices, Stocks, Crypto or FOREX
• TP (Take-Profit) and SL (Stop-Loss) visual levels and labels
• Works on the most popular timeframes: 1M, 3M, 5M, 15M, 30M, 45M, 1H, 4H, D
• Includes additional S&R (Support and Resistance) Blocks for strong levels
• Includes customizable Trading Schedule, so that Alerts are triggered during Trading Session or as desired
• Includes preparation Alerts for scalping trading methods, so no trade will be missed
• Comes with static and dynamic SL (Stop-Loss) and TP (Take-Profit) styles
• The OTE (Optimal Trade Entrance) scalping method innovative, yet very simple
• Alerts can be setup with just a few clicks

---

Trading Strategies
(Click or Tap to expand)

---

Technical Info Instructions How-to

(Click or Tap to expand)

Signal labels, plots, colors

• LONG[Progressive] (↑) open.
• SHORT[Progressive] (↓) open.
• NOTE: These are preparation labels (which can be long(↑) / short(↓) or calls(↑) / puts(↓) - customizable, depending on what you trade, this scalping approach works best with Options though.) (an Alert can be set as well), which is where you prepare to enter the trade, once the price exits the EMA > a scalping trade is opened in the direction of the exit.

• LONG[Conservative] (↑) open.
• SHORT[Conservative] (↓) open.
• NOTE: The green/red arrows above/below bars will show every signal of the algorithm, while the long(↑) / short(↓) shows an actual trade open per trading engine, which is considered open by the indicator until it either hits TP (Take-Profit) / SL (Stop-Loss) / EOD (End of Trading Day close)

• LONG/SHORT[Conservative] take-profit target: green/red circles.
• LONG/SHORT[Conservative] stop-loss target: green/red + crosses.

• LONG/SHORT[Conservative] EOD (End of Day | Intraday style) close example.
• NOTE: EOD (End of Day) trades will be marked on chart as a label.

---

Main Configuration and Trading Schedule Settings

• GLOBAL GENERIC SETTINGS
         >>> Show Options signal labels (long: 'calls' | short: 'puts'): Helps a lot when trading Options.
         >>> Make signal labels slightly Transparent: Cosmetic modifications.
         >>> Alert when EMA Cloud active/dotted line changes color: [To setup the Alert: Right-click the chart > Add alert > Condition: EMA Cloud Scalping / ∫x Any alert() function call > Create]
         >>> RSI/MFI Trend Detector | Strength: The bigger the Strength number > the bigger/stronger RSI(Relative Strength Index)/MFI(Money Flow Index) Trends will be detected.
         >>> Bar Colors reflecting very short-term sentiment: This is combination of EMA Cloud itself moving up/down from last Candle Bar AND current Candle Bar highest and lowest points being higher/lower than previous one. (Lime: Bullish | Maroon: Bearish)
         >>> EMA Cloud - Bullish Color: EMA Cloud visual cosmetics.
         >>> EMA Cloud - Bearish Color: EMA Cloud visual cosmetics.
         >>> EMA Cloud - Inside Color: EMA Cloud visual cosmetics.
         >>> Turn On - Gradient Effects: EMA Cloud visual cosmetics.
         >>> EMA Cloud Strength (1-15): The bigger the EMA Strength number > the bigger EMA Cloud will be. NOTE: That means there will be less SL (Stop-Loss) hits, but each SL (Stop-Loss) will be bigger.
         >>> HHLL | Show HHLL (Highest High Lowest Low): Will show/hide the most recent highest/lowest critical price levels, which can be greatly used for SL (Stop-Loss) / TP (Take-Profit).
         >>> HHLL | Take-Profit Top Band Lookback Period / Bottom Band Lookback Period: The longer the Lookback Period - the further will be the critical price levels.
         >>> HHLL | Take-Profit Top Band Source / HHLL | Take-Profit Bottom Band Source: Source for calculating the critical price levels, 'high'/'low' works best.
         >>> Show additional S&R (Support and Resistance) Blocks: This setting will show additional powerful support and resistance areas, which can be used for SL (Stop-Loss) / TP (Take-Profit) or as a market sentiment.
         >>> S&R Per Order Blocks - Source / Top S&R Length / Bottom S&R Length: Just like for HHLL, S&R Blocks can be customized with the source for calculation and lookback period.
• INTRADAY ACTIVE TRADING SESSION CONFIGURATION (THIS IS FOR CONSERVATIVE APPROACH/ALERTS)
         >>> Regional Active Trading Session Hours Schedule: If selected - trades will only open during regional active trading session, if 'OFF', there will be no trading schedule and trades will open 24/7.
               Below 2 settings are only for "CUSTOM" "Regional Active Trading Session Hours Schedule":
                     >>>>> CUSTOM - Active Trading Session Hours Schedule (Local/TradingView Time Zone): Time selected below will be in Local/TradingView Time Zone | NOTE: Be careful with CUSTOM setting as it may allow the indicator to trade during per/after market and open trades after EOD (End of Day) hour if incorrect times are input!
                     >>>>> CUSTOM - EOD(End of Day) Close - Hour
         >>> EOD(End of Day) Close - On/Off: Close the trade if it's still open at the end of active trading session (on the very last candle bar). NOTE: If 'Regional Active Trading Session Schedule' will be set to "OFF": there will be no EOD(End of Day) Close and trades will run overnight until either SL(Stop-Loss) or TP(Take-Profit) is hit!
                >>>>> EOD(End of Day) Close - 1 candle bar before last: This is specifically for stocks as while usually indices can be closed 15minutes after the market closes, for stocks - the last candle bar closes at the same time with the market active trading session, which if closed - trades can't be closed until next day/session! Enable this setting for the trade to close/alert 1 candle bar before the last one, so there is still time to close the trade at the Broker (NOTE: depending on the timeframe, 1 candle bar can be: 15sec, 30sec, 1min, 3min, 5min, 15min, 30min, 45min, 1h).
  Here is a table of all the included regional trading session hours.

  Region	Local Time	EST Time
  US/Canada
  NY_withPW(EDT)	09:30-16:00	09:30-16:00
  NY_noPW(EDT)	09:30-15:00	09:30-15:00
  Toronto(EDT)	09:30-16:00	09:30-16:00
  Europe
  Amsterdam(CEST)	09:00-17:30	02:00-10:30
  Frankfurt(CEST)	09:00-17:30	02:00-10:30
  London(BST)	08:00-16:30	02:00-10:30
  Stockholm(CEST)	09:00-17:25	02:00-10:25
  Zurich(CEST)	09:00-17:20	02:00-10:20
  Eurasia (CST > China Standard Time)
  Hong Kong(HKT)	09:30-16:00	20:30-03:00
  Mumbai(IST)	09:15-15:30	22:45-05:00
  Shanghai(CST)	09:30-15:00	20:30-02:00
  Shenzhen(CST)	09:30-14:57	20:30-01:57
  Riyadh(AST)	10:00-15:00	09:00-14:00
  Seoul(KST)	09:00-15:30	19:00-01:30
  Taiwan(CST)	09:15-13:30	20:15-00:30
  Tokyo(JST)	09:00-15:00	19:00-01:00
  Australia
  Syndey(AEDT)	10:00-16:00	18:00-00:00
  Brazil
  Sao Paulo(BRT)	10:00-17:55	08:00-15:55
  South Africa
  Johannesburg(SAST)	09:00-17:00	02:00-10:00

---

• 1) [OTE] EMA SCALPING - PROGRESSIVE STRATEGY
  
         >>> Show PROGRESSIVE/scalping preparation Labels on chart: If turned on - there will be labels shown on chart when price enters EMA Cloud, so you can get ready to open trade once price exits the EMA Cloud, confirming the trade.
         >>> Turn on PROGRESSIVE/scalping preparation Alerts: With this setting checked, you will be alerted when price enters EMA Cloud. [To setup the Alert: Right-click the chart > Add alert > Condition: EMA Cloud Scalping / ∫x Any alert() function call > Create]

---

• 2) [OTE] EMA DAY TRADING - CONSERVATIVE STRATEGY
  
         >>> Show CONSERTVATIVE signals arrows: NOTE: These will show regardless of Trading Schedule and even if a trade is already open per Trade Engine!
         >>> Turn on CONSERVATIVE Trading Engine / Show CONSERTVATIVE labels (signals/TP/SL): NOTE: until trade hits TP or SL > there will be no new trades open per trading engine!
         >>> Turn on CONSERTVATIVE Trading Engine Alerts (signals/TP/SL): [To setup the Alert: Right-click the chart > Add alert > Condition: EMA Cloud Scalping / ∫x Any alert() function call > Create]
         >>> CONSERVATIVE: Skip opposite candle bar formation signals: Basically - skip signals, where candle bars are opposite formation vs direction per bar color (for example: bearish green hammer)
         >>> CONSERVATIVE: Skip doji (indecisive) candles bar signals: Basically - skip signals, where candle bar structure is doji / undecisive.
         >>> CONSERVATIVE: Skip signal if candle bar engulfs EMA Cloud: This should skip uncertain signals where candles bars are huge or distance inside EMA is too small - usually meaning an uncertain trend. CONFIGURATION: 'Body': only if candle bar body engulfs the whole EMA Cloud - the signal will be skipped | 'Sticks': as long as candle bar sticks engulf the whole EMA Cloud - the signal will be skipped.
         >>> CONSERTVATIVE EWO (Elliot Wave Oscillator) signal confirmation: LONG signal will only be opened if EWO is bullish / SHORT if EWO is bearish
         >>> CONSERTVATIVE ATR (Average True Range) signal confirmation: LONG signal will only be opened if ATR is bullish / SHORT if ATR is bearish
         >>> CONSERVATIVE: TP (Take-Profit) System: 'HHLL': Highest High / Lowest Low per lookback period (can be customized below) | 'Manual Distance': Instrument distance (example: SPY > 0.4 > Take Profit will be taken if SPY moves 0.4 points in your favor).
         >>> 'CONSERVATIVE: SL (Stop-Loss) System: 'EMACloud_dynamic': SL (Stop-Loss) is set to trail slow MA of the EMA Cloud, the solid line; 'HHLL': SL (Stop-Loss) is set to either Highest High (for short trade) or Lowest Low (for long trade); 'Manual Distance': Instrument distance (example: SPY > 0.4 > Take Profit will be taken if SPY moves 0.4 points in your favor).

---

• 3) [OTE] CANDLESTICK BAR SCALPING STRATEGY
  
         >>> Show OTE (Optimal Trade Entrance) line: A line will be drawn at the middle of previous bar, where you wait for the price to reverse and only enter the trade once the price crosses it - thus lowering the risk/potential loss, while increasing potential profit.
         >>> Show historical OTE lines: Show previous OTE (Optimal Trade Entrance) lines.
         >>> Extend OTE lines - # of bars: Extends OTE (Optimal Trade Entrance) lines ahead by the # of bars entered here, originally defeault it was 5, otherwise it's simply a matter of preference.
         >>> OTE - Style: 'mid': OTE (Optimal Trade Entrance) line will be place exactly at the middle of previous candle bar | '1/3': There will be 2 OTE (Optimal Trade Entrance) lines at 1/3 of the previous candle bar, the top one for Short trades and the bottom one for Long trades.
         >>> OTE 1/3(↑) - Bullish Color | OTE 1/3(↓) - Bearish Color | OTE mid - Color: Colors of '1/3(↑↓)' style OTE (Optimal Trade Entrance) lines for bullish/bearish trades.
         >>> Show OTE (Optimal Trade Entrance) Crossing - Labels: With this setting checked, you will be alerted when price crosses the OTE (Optimal Trade Entrance) lines. [To setup the Alert: Right-click the chart > Add alert > Condition: EMA Cloud Scalping / ∫x Any alert() function call > Create].
         >>> Turn on OTE (Optimal Trade Entrance) - Alerts: With this setting checked, you will be alerted when price crosses the OTE (Optimal Trade Entrance) lines. [To setup the Alert: Right-click the chart > Add alert > Condition: EMA Cloud Scalping / ∫x Any alert() function call > Create].

---

---

Setting Up and Reading Alerts

• Adding Alerts in TradngView:
  -Add indicator to chart
  -Under indicator Settings > Inputs, tunr on/check[x] each Alert setting as needed
  -Right-click anywhere on the TradingView chart
  -Click on Add alert
  -Condition: Select this indicator by it’s name
  -Immediately below, change it to "alert() function calls only", as other wise there will be 2 alerts for every alert!
  -Expiration: Open-ended (that may require higher tier TradingView account, otherwise the alert will need to be occasionally re-triggered)
  -Alert name: Anything
  -Hit “Create”
  -Note: If ANY Settings within the indicator will be changed > DELETE the current alert and create a new one per steps above, otherwise it will continue triggering alerts per old Settings!
  

---