Weighted Indicator Scoring for Session-Based Scalping Signals

Summary

This strategy combines ten indicator groups into directional scores for long and short setups. Trend inputs include ADX with directional movement, Supertrend, an EMA, MACD, and Ichimoku conditions. A second group uses ATR expansion, price relative to VWAP, raw volume, OBV, and Chaikin Money Flow. Each condition contributes a positive, negative, or zero weight; scores are accumulated over a configurable rolling window and compared with an entry threshold. Optional session, pullback, impulse-bar, cooldown, and open-trade filters further restrict entries.

Entries use recent highs or lows and an ATR multiple to place stops, with a reference profit target based on a configurable reward-to-risk ratio. Opposing score thresholds can close existing positions, and alerts are designed to communicate trade actions to an external execution setup. The script exposes risk and trade-count settings, but the document provides no backtest results or evidence that the weights and thresholds generalize. Some indicators within the score are related, and the code excerpt is incomplete, so alert and execution behavior cannot be fully assessed from the supplied text.

Key ideas

• The strategy combines ten trend, volume, and volatility inputs into weighted directional scores.
• It aggregates component scores over a rolling window and enters when a configurable threshold is reached.
• Session timing, cooldown, pullback, impulse, and trade-count settings can constrain signal eligibility.
• ATR-based stop placement and a reward-to-risk reference target are used for trade management.
• The document gives no performance results, and its partial code limits independent assessment of execution details.

Tags

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