Alpha Scalps v6 PRO

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The "Alpha Scalps" indicator is designed for both novice and expert traders looking to take advantage of short-term price movements. This powerful tool provides a multi-timeframe trend analysis along with dynamic Take Profit (TP) and Stop Loss (SL) levels, enhancing your trading decisions and risk management.


Features:
Multi-Timeframe Trend Analysis - You get a bird's eye view of the main oscillators on the selected timeframe
Last trade panel - Overview of the last trade values: TPs, SL and entry along with a quick stat on the performance over the last 10 trades
Baseline - MA based on either volatility or volume . Changes color depending on the angle and the consolidation area threshold that can be modified.
ATR(Average True Range) dynamic take profits and stop losses
Trend color - Can be enabled to highlight local trend start and end

Leverage setting
This setting is used to send a leverage amount with your alerts, this can be useful if you send your alerts though webhooks.

Signalling type - Classic
The original Brutal scalps signal detection mechanism based on order block/ engulfing candle detection only. Conditions in the MTF trend analysis panel must be met.

Signalling type - Breakout
Prioritizes candle formation that break a given number of candle formation(Eg. Highest high in the last x candles) , combined with the baseline entry condition

Signalling type - Trend following
Angled more towards longer direction moves. Uses adx combined with the price relationship to the 200MA

Key levels zone- Plots the liquidity pockets on the chart

Swing detections- uses moving averages that are plotted in regards to the selected number of candles.

Candle colors - The yellow candles are bullish engulfing candles, while the purple candles are bearish engulfing candles. These candles are also highlighted because their volume exceeds that of the previous 10 candles.

Peak profit - shows a label that displays the highest profit level reached after the signal was triggered , multiplied by the leverage in the input.

How to use:
Alpha Scalps is like your battle plan, you prepare for facing the markets with tools and insights.
1. Use the Multi TF Trend settings to set up the Trend Table in the top right (default position) panel. This will give you an overview of the oscillators in the selected timeframe. You should always watch a higher timeframe than the one you are using on the chart.
Ex.: If you are charting 15m , use the 1hr setting on the trend panel.

2. The baseline is one of the key factors in signal identification, use this wisely. The baseline consolidation threshold is the sensitivity of the line to stagnating candles. If the market is static and no trades come out , it might be because the threshold is set too high. The default of 3 should be a good fit for most setups. Just bare in mind that the higher the threshold the more candles will be considered as a consolidation area. Higher threshold also means better confirmation but also less trades coming in.

3. Signalling types can and should be used in regards to the current market formation.

Examples:
- If a market is moving in a stairs pattern, a good way to tackle it would be through the breakout signalling type.
- When the market is clearly trending, the use of the trend following type is most suited.
- If you want an all-rounder setup that is a jack of all trades but master of nothing, then the Classic type would be the most suited.

Additionally, if the market is extremely undecided and the above types don't perform that well on their own, the use of Allow Opposite Signal Only can reduce losses by only posting trades that are in the opposite direction, no more consecutive buys or sells.

Set the key levels zones to have extra manual confirmation. These zones are based on order blocks and highlight important liquidity areas. While these don't have any direct impact on the signal recognition, they can help to visually validate them.

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