The Morning Scalp Strategy combines the 50EMA with the Stochastic Momentum Index. The morning period is when penny stocks usually have the highest volatility, so the strategy works between 10:00 AM and 12:10 PM.
***It opens only long positions. The ideal timeframe for this scalping strategy is 5 minutes on low-price stocks. The stock should spike in the morning...
Thanks to @bengal (www.tradingview.com) for the advance and help in the sript
In this new Perpro version we added double sign for entry confirmation. Another point is that you have the automation recommended set by time or you can configure your own setting.
Remember to use this indicator with others that we offer in ppsignal.