Scalping Dashboard Uses EMA Momentum and Spread Filters

Summary

This document describes a chart dashboard intended to support short-term scalping decisions. It compares a fast and a slow exponential moving average to label momentum as bullish, bearish, or flat, while showing whether the broker spread is below a user-set limit. Traders are advised to consider entries in the indicated momentum direction only when the spread alert is acceptable. The panel refreshes on a timer and offers adjustable display settings and colors.

The document explains the dashboard’s inputs and suggests setting the spread threshold to suit the traded currency pair. It presents no backtest, performance measurements, or evidence that the EMA prompts predict profitable trades. EMA direction and a spread threshold alone do not establish an entry’s expected return, and spreads can change quickly. The described alerts are decision aids; the document gives no position sizing, exit, or risk-control method beyond avoiding trades when spreads are high.

Key ideas

• A fast and slow EMA pair is used to label short-term momentum direction.
• The dashboard flags spreads that exceed a user-defined limit.
• The suggested approach aligns trades with the displayed momentum when spreads are acceptable.
• The document provides no empirical evidence that these signals are profitable.
• The spread threshold can be adjusted for the traded currency pair.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.