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Best Scalping Indicator on TradingView? I Tested It 5,000 Times (FREE) — Transcript

by TradeIQ · 2,537 words · 382 segments · language en · Watch on YouTube

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0:00This free indicator is called range
0:02filter. It was made for scalping. It's
0:04free on TradingView, and it's one of the
0:06most popular scalping scripts there.
0:08[music] The title says I tested it 5,000
0:11times. That's not true. I tested it more
0:13than 30,000 times on real Bitcoin,
0:16Ethereum, and Solana charts. [music] And
0:18I put it up against three other popular
0:20free scalping indicators. One of them
0:23fakes you out on almost every second
0:25signal. Range filter, fewer than one in
0:2810. But here's what surprised me. Taking
0:30every signal isn't where the money is.
0:33The edge came from three simple filters
0:35that throw away most of the signals, up
0:37to nine out of 10. By the end of this
0:39video, you'll have three complete
0:41strategies with the exact settings and
0:43the one mistake that quietly kills most
0:46scalpers.
0:48Quick note before we start. I back
0:50tested all three strategies from this
0:52video, trade by trade. They're in the
0:55TradeIQ backtest sheet together with
0:57every strategy from this channel tested
0:59on years of real data. Click a strategy
1:02and you see every single trade and how
1:04the account would have grown. Put in
1:06your own account size and risk and every
1:08number recalculates. The sheet comes
1:10with the channel membership for $7.99 a
1:12month together with the members-only
1:14backtest videos. Just tap the join
1:16button under this video. Now, the test.
1:21Here are the four indicators: Range
1:23Filter, Hull Suite, SSL Channel, and UT
1:27Bot Alerts. All four are free and open
1:29source, so I rebuilt each one from its
1:32code with its default settings. Then, I
1:34ran them on the 5-minute and the
1:3615-minute chart of Bitcoin, Ethereum,
1:38and Solana from January 2021 to October
1:422026. That's more than 700,000 signals.
1:46For every signal, I measured three
1:48things: how many signals each indicator
1:50gives, how often a signal flips back the
1:53other way within five candles. That's a
1:55fake out. You buy and a few candles
1:58later the same indicator tells you to
1:59sell. And how late the signal comes,
2:02measured from the swing it should have
2:04caught. That's the proof, not one
2:06cherry-picked screenshot. Every signal
2:09on every coin for almost 6 years. Let's
2:12go from worst to best.
2:18Number four is UT Bot Alerts. On the
2:205-minute chart, it gave about 1,200
2:23signals a month on each coin. That's
2:26around 40 a day. And almost half of them
2:28flipped back within five candles. Buy,
2:31sell. Buy, sell. If you follow everyone,
2:34you're not trading. You're paying fees.
2:37Here's a real 5-minute chart. Price is
2:39drifting sideways. Buy, sell. Buy, sell.
2:44Four signals in under 2 hours, and price
2:46ended up right where it started. UT Bot
2:49is the fastest of the four, but on its
2:51default settings, it's far too sensitive
2:53for a scalping chart.
2:58Number three is SSL Channel. It draws
3:02two moving averages, one of the highs
3:04and one of the lows, and flips when
3:06price closes outside them. It's calmer
3:09than UT Bot, but it still gave almost
3:11800 signals a month on the 5-minute
3:13chart. And about one in four flipped
3:15straight back. The problem is the
3:18length. 10 candles is very short. So, in
3:21a range, price keeps closing just above
3:23the average high, then just below the
3:25average low, and the channel flips every
3:28time.
3:33Number two is Hull Suite. It's a fast,
3:36smooth moving average that turns green
3:38when it rises and red when it falls.
3:40Each color change is a signal. That
3:42smoothing helps. [music] About one in
3:45six signals faked out, which is a big
3:47step up from SSL Channel and UT Bot. But
3:50it still turns color more than 400 times
3:52a month on the 5-minute chart. And it
3:55can still flip on a small pullback. You
3:57can see it here. The color turns red
3:59right in the middle of a move that keeps
4:01going up.
4:06And number one is range filter.
4:08Range filter draws one line that follows
4:10price, but only moves when price travels
4:13further than a normal range. It measures
4:16how far price usually moves per candle,
4:18smooths it over 100 candles, and
4:20multiplies it by three. Small wiggles
4:23inside that range are ignored. [music]
4:25The line stays flat and you get no
4:27signal. When price breaks out of the
4:29range and the line turns, you get a buy
4:31or a sell. [music] The result? Fewer
4:33than one in 10 signals faked out on both
4:36time frames. [music] About five times
4:38cleaner than UTBot.
4:42But there are two catches. [music]
4:43First, range filter is late. It waits
4:46for price to prove itself, so its signal
4:49comes about four ATR after the swing.
4:52ATR is the size of a normal candle.
4:54UTBot is about twice as fast [music].
4:57Second, and this is the one that
4:59surprised me. A clean signal is still
5:01not an edge. After a signal from any of
5:04the four indicators, price moved two ATR
5:06in the signal's direction before one ATR
5:09against it only about one time in three.
5:12That's exactly what you'd get by
5:13flipping a coin.
5:15Think about what that means. If you buy
5:17every signal with a target twice the
5:19size of your stop, you win about one in
5:21three. [music] That's break even before
5:23fees and a loss after them. The
5:25indicator didn't add anything. So, the
5:28signal tells you that something is
5:30starting. It doesn't tell you if it's
5:32worth trading. That's the job of the
5:34filters.
5:35[music]
5:36And here's the mistake that kills most
5:38scalpers.
5:39Fees.
5:40On the 5-minute chart, the stop is
5:42small. A typical stop was less than 1%
5:45away. So, the fee you pay to get in and
5:47out costs about 14%of what you risk on
5:51every single trade. On the 1-hour chart,
5:54it's about 3%. That's why I stopped
5:56trading every signal on the 5-minute
5:58chart. [music] I moved up to 15 minutes,
6:0030 minutes, and 1 hour, and I started
6:03filtering.
6:07[music] I tested about 115,000
6:10combinations of filters and exits,
6:12trend, volume, volatility, momentum,
6:15trading sessions.
6:17Most of them only looked good on the
6:19years they were tuned on. [music] Three
6:21filters held up when I checked them on
6:22later years.
6:23Filter one, the trend. Only take a buy
6:26when price is above the 200 EMA and only
6:29a sell when it's below.
6:31Filter two, volume. The signal candle
6:34should trade more volume than its last
6:3620 candles on average. A breakout on low
6:39volume usually goes nowhere.
6:41Filter three, volatility.
6:44The 14 candle ATR should be above the
6:46100 candle ATR. In plain words, candles
6:49are getting bigger than usual. The
6:51market is waking up, not falling asleep.
6:54Each filter answers a different
6:55question. The trend asks, is this signal
6:58going with the bigger move or against
7:00it? Volume asks, is anyone actually
7:03behind this breakout? And volatility
7:05asks, is the market moving enough right
7:08now to reach a target? Together, these
7:10filters throw away most of the signals,
7:13up to nine out of 10. And that's the
7:15point. [music]
7:17Here's how to set this up on TradingView
7:19in under a minute. Open the indicators
7:21menu and search for range filter buy and
7:24sell 5 minutes. [music] Add it and leave
7:27the settings on default. Sampling period
7:29100, multiplier three. Then add a moving
7:32average. Set it to exponential, length
7:35200. For the volume filter, open the
7:38volume indicator settings and turn on
7:40its moving average, length 20. Now you
7:42can see at a glance if the signal candle
7:45is above that line. [music] For
7:46volatility, add the average true range
7:49twice. One with length 14, one with
7:52length 100 in the same [music] pane.
7:54When the fast line is above the slow
7:56one, ATR is expanding. And for strategy
7:59three, add the ADX with its default
8:01length of 14 and draw a line at 20.
8:08Strategy one is on the one-hour chart
8:10and it's the cleanest of the three.
8:13Take a range filter signal only when
8:15price is on the right side of the 200
8:17EMA, volume is at least twice its 20
8:19candle average, and ATR is expanding.
8:23Put the stop just past the swing, the
8:25lowest low of the last 10 candles for a
8:27buy.
8:28The target is two times your risk. And
8:30once price reaches one times your risk,
8:33move the stop to your entry. [music]
8:35Here's a real trade. Solana, one-hour
8:37chart, September 2026.
8:40Range filter flips to a buy. Price is
8:42above the 200 EMA. Volume is almost
8:45three times normal. ATR is rising. All
8:49three filters agree.
8:5016 candles later, the target is hit.
8:57Strategy two is on the 30-minute chart.
9:00Here, the trend filter comes from the
9:02four-hour chart. Only buy when the last
9:04four-hour candle closed above its 200
9:07EMA and only sell below it. [music]
9:09Volume just has to be above average and
9:12ATR must be expanding. Same swing stop.
9:15Move the stop to entry at one times your
9:17risk, but let the target run to three
9:19times [music] your risk. Why the
9:21four-hour trend here? On the 30-minute
9:23chart, price crosses its 200 EMA about
9:2650 times a month. On the four-hour
9:28chart, about five. So, the four-hour
9:31trend keeps you on the side of the
9:32bigger move for days, not hours. [music]
9:35Solana again, 30-minute chart, August
9:382026. The four-hour trend is up. Volume
9:41is above average, ATR is expanding, and
9:44range filter fires a buy. Price runs on
9:47to three times the risk. [music]
9:53Strategy three is the fastest one, on
9:55the 15-minute chart. Use the 200 EMA on
9:58the same chart, an expanding ATR, and
10:01add the ADX.
10:03ADX measures how strong the trend is.
10:06Only trade when it's above 20. Swing
10:08stop, target three times your risk, and
10:11no break even.
10:12Ethereum, 15-minute chart, October 2026.
10:16Price is below the 200 EMA, ADX is above
10:1920, ATR is expanding. [music] Range
10:22filter flips to a sell, and 10 candles
10:25later, the target is hit.
10:27But, I'll be honest, this is the most
10:29fragile of the three.
10:31In the latest year, the one it had never
10:33seen, it only broke even.
10:35If you trade the 15-minute chart, use
10:37smaller size.
10:43The filters decide which trades you
10:44take. Money management decides if you
10:47survive the losing streaks. And there
10:49will be losing streaks, because most
10:51trades in these strategies don't reach
10:53the target. Rule one, risk 1%of your
10:56account per trade, not more [music].
10:59With a $1,000 account, that's $10. If
11:02your stop is 2%away from your entry,
11:05your position is $500. If the stop is 5%
11:08away, the position is 200. The stop
11:11decides the size, not the other way
11:13around.
11:14When I doubled the risk to 2%, strategy
11:17one's worst drawdown doubled, too, from
11:19about 11%to about 21.
11:22On the 15-minute strategy, it went from
11:2441%to 71. Rule two, when your account is
11:2810%below its high, cut your risk in
11:31half. At 20%below, cut it to a quarter.
11:35That simple rule made the worst
11:36drawdowns much smaller. It cost some
11:39profit in the good stretches, but it
11:41stops one bad stretch from wiping you
11:43out. Rule three, use the break even
11:46stop. On strategies one and two, a trade
11:49that reaches one times your risk can no
11:51longer turn into a full loss. Here's
11:53what that looks like. Ethereum, one-hour
11:55chart, May 2026. Strategy one sells.
12:00Price drops to one times the risk, so
12:02the stop moves to the entry. Then, price
12:04turns and comes all the way back.
12:07Without the break even stop, that's a
12:08full loss. With it, you pay the fees and
12:11move on. Rule four, if you run more than
12:14one strategy, split your risk. All three
12:17strategies at 1%each on three coins can
12:20mean nine trades open at once. In the
12:23backtest [music], running all three at
12:241%each pushed the worst drawdown to
12:27about 52%. At half a percent each, it
12:30was about 29.
12:33And here's one that failed, so you know
12:35what that looks like. Bitcoin, 1-hour
12:38chart, October 2026. Buy signal. Above
12:41the 200 EMA, volume twice the average,
12:44ATR expanding. Every filter says yes,
12:48and price turns around and hits the stop
12:5011 candles later. Look at what happened.
12:53The breakout candle was real, and so was
12:55the volume. But right after the entry,
12:57price fell back into the range, drifted
12:59for a few hours, and then broke down. No
13:02filter can see that in advance. That's a
13:04normal loss. [music] The filters don't
13:06make losing trades disappear. They make
13:09sure that over hundreds of trades, the
13:11winners can pay for them.
13:13So, which one fits you? It mostly comes
13:16down to how often you want to trade.
13:19Across Bitcoin, Ethereum, and Solana,
13:21strategy one gave about six trades a
13:23month. Strategy two, about 19. And
13:27strategy three, about 34.
13:29Strategy one is the slowest, but it's
13:32the cleanest, and it still held up on
13:34the newest data. Strategy two trades
13:36three times as often with a bigger
13:38target. And strategy three is the
13:40busiest, but also the most fragile. If
13:43you're new to this, start with strategy
13:45one on a demo account. Get used to
13:47waiting for all three filters, and to
13:50taking the losses without changing the
13:51rules. Then, add the faster ones if you
13:54want more trades.
13:56Before the cheat sheet, here are five
13:59mistakes to avoid. Mistake one, taking
14:02every signal. Even the cleanest
14:04indicator in this test is a coin flip on
14:06its own. Mistake two, scalping the
14:095-minute chart with market orders. The
14:12fees eat a big piece of every trade
14:14before it even starts. Mistake three,
14:17moving the stop to break even too early.
14:19In strategies one and two, the stop
14:22moves only after price reaches one times
14:24your risk. Move it sooner and normal
14:26noise can knock you out of trades that
14:28would have worked. Mistake four,
14:30ignoring volume. A breakout that nobody
14:33trades is usually a trap. And mistake
14:36five, raising your risk after a few
14:38wins. A losing streak always comes and
14:41it hits hardest right after you've
14:43increased your size [music].
14:48Here's everything on one screen. Range
14:51filter, default settings, sampling
14:53period 100, range multiplier three.
14:57Strategy one: one hour chart, 200 EMA,
15:00volume at least twice average, ATR 14
15:03above ATR 100, target two R, break even
15:07at one R. Strategy two: 30-minute chart,
15:10four hour 200 EMA, volume above average,
15:14ATR expanding, target three R, break
15:17even at one R. Strategy three: 15-minute
15:20chart, 200 EMA, ATR expanding, ADX above
15:2520, target three R. Stop on all three:
15:29just past the lowest low or highest high
15:31of the last 10 candles [music] and risk
15:331%.
15:36Before you trade any of this, test it on
15:39a demo account first. These are results
15:41on past data and nothing here is
15:43financial advice. If you want to see
15:45every trade behind these three
15:47strategies with your own account size
15:49and risk, they're in the Trade IQ back
15:51test sheet. It comes with the channel
15:53membership for $7.99 a month. Tap the
15:55join button under this video. And if you
15:57want to see how the three most popular
15:59buy and sell indicators compare on the
16:01one hour chart, watch this video next.

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