Momentum Scalping by Arpit Shah

This custom indicator is designed for scalping and short-term trading on the 5-minute timeframe, combining multiple technical tools to highlight key market movements.

Features:
✅ Swing Highs and Lows Detection:

Marks important swing highs with green arrows below bars.
Marks important swing lows with red arrows above bars.
Helps identify potential reversal points and market structure shifts.
✅ Supertrend Indicator (10, 1.3) (No Line Breaks):

Green line represents an uptrend.
Red line represents a downtrend.
Bull (🐂) and Bear (🐻) icons indicate trend reversals based on Supertrend direction changes.
✅ Exponential Moving Averages (EMAs) for Trend Confirmation:

EMA 5 (Blue, Thin) – Short-term momentum.
EMA 50 (Red, Medium Thickness) – Medium-term trend.
EMA 200 (Black, Thickest) – Long-term trend filter.

How to Use:
📌 Look for Supertrend buy/sell signals (🐂/🐻) for potential trend shifts.
📌 Use Swing Highs and Lows to identify support/resistance areas.
📌 Check EMA crossovers for trend direction confirmation.

Long Entry= Wait for Uptrend then wait for green arrow below candle take entry above high and place stoploss below low take Risk Reward as 1:1.

Short Entry=Wait for Downtrend then wait for Red arrow above candle take entry below low and place stoploss above high take Risk Reward as 1:1.
You can use EMA for extra Confirmation.


This indicator is ideal for scalpers and intraday traders looking to combine trend-following and price action strategies for better decision-making. 🚀📈