SPX Scalping with EMA Pullbacks, RSI, Volume, and ATR Exits
Summary
This intraday strategy looks for pullbacks within a short-term EMA trend. Long setups require the fast EMA to be above the slow EMA, price to reclaim the fast EMA after touching or dipping below it, RSI to cross above its trigger, and volume to exceed its moving average by a configured multiplier. Shorts apply the corresponding reversed conditions. An optional longer EMA filter checks whether price is on the matching side of the broader trend average, and a session filter can restrict trading to regular US equity hours.
Exits are designed around ATR-based stop and target distances, with an optional ATR trail and a maximum-bars time stop. The supplied script is cut off during its exit section, and the document includes no backtest settings or performance results. Its configurable inputs describe a proposed strategy, not evidence of profitability; results would depend on timeframe, execution, costs, and parameter choices.
Key ideas
- Entries combine fast and slow EMA direction with a pullback and reclaim of the fast EMA.
- RSI crossing its configured level and above-average volume provide additional entry filters.
- An optional long-term EMA and regular-session gate can restrict trade conditions.
- ATR-based stops and targets, an optional trailing stop, and a time stop are specified.
- The source is truncated and presents no backtest results or evidence of profitability.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.