5 Minute Scalp: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

93 lines of Pine Script v5 from 5 Minute Scalping Strategy.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

5 Minute Scalping Strategy.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © pluckyCraft54926
//@version=5
strategy("5 Minute Scalp", overlay=true, margin_long=100, margin_short=100)
fast_length = input(title="Fast Length", defval=12)
slow_length = input(title="Slow Length", defval=26)
src = input(title="Source", defval=close)
signal_length = input.int(title="Signal Smoothing",  minval = 1, maxval = 50, defval = 9)
sma_source = input.string(title="Oscillator MA Type",  defval="EMA", options=["SMA", "EMA"])
sma_signal = input.string(title="Signal Line MA Type", defval="EMA", options=["SMA", "EMA"])
// Plot colors
col_macd = input(#2962FF, "MACD Line  ", group="Color Settings", inline="MACD")
col_signal = input(#FF6D00, "Signal Line  ", group="Color Settings", inline="Signal")
col_grow_above = input(#26A69A, "Above   Grow", group="Histogram", inline="Above")
col_fall_above = input(#B2DFDB, "Fall", group="Histogram", inline="Above")
col_grow_below = input(#FFCDD2, "Below Grow", group="Histogram", inline="Below")
col_fall_below = input(#FF5252, "Fall", group="Histogram", inline="Below")
// Calculating
fast_ma = sma_source == "SMA" ? ta.sma(src, fast_length) : ta.ema(src, fast_length)
slow_ma = sma_source == "SMA" ? ta.sma(src, slow_length) : ta.ema(src, slow_length)
macd = fast_ma - slow_ma
signal = sma_signal == "SMA" ? ta.sma(macd, signal_length) : ta.ema(macd, signal_length)
hist = macd - signal
hist_1m = request.security(syminfo.tickerid,"1",hist [barstate.isrealtime ? 1 : 0])
hline(0, "Zero Line", color=color.new(#787B86, 50))
////////////////////////////////////////////////////
//plotting emas on the chart
len1 = input.int(9, minval=1, title="Length")
src1 = input(close, title="Source")
offset1 = input.int(title="Offset", defval=0, minval=-500, maxval=500)
out1 = ta.ema(src1, len1)
plot(out1, title="EMA9", color=color.blue, offset=offset1)
len2 = input.int(50, minval=1, title="Length")
src2 = input(close, title="Source")
offset2 = input.int(title="Offset", defval=0, minval=-500, maxval=500)
out2 = ta.ema(src2, len2)
plot(out2, title="EMA50", color=color.yellow, offset=offset2)
len3 = input.int(200, minval=1, title="Length")
src3 = input(close, title="Source")
offset3 = input.int(title="Offset", defval=0, minval=-500, maxval=500)
out3 = ta.ema(src3, len3)
plot(out3, title="EMA200", color=color.white, offset=offset3)
//////////////////////////////////////////////////////////////////
//Setting up the BB
/////////////////////////////////////////////////////////////
srcBB = hist_1m
lengthBBLong = input.int(94,title = "LengthBB Long", minval=1)
lengthBBShort = input.int(83,title = "LengthBB Short", minval=1)
multBB = input.float(2.0, minval=0.001, maxval=50, title="StdDev")
basisBBLong = ta.sma(srcBB, lengthBBLong)
basisBBShort = ta.sma(srcBB, lengthBBShort)
devBBLong = multBB * ta.stdev(srcBB, lengthBBLong)
devBBShort = multBB * ta.stdev(srcBB, lengthBBShort)
upperBB = basisBBShort + devBBShort
lowerBB = basisBBLong - devBBLong
offsetBB = input.int(0, "Offset", minval = -500, maxval = 500)
/////////////////////////////////////////
//aetting up rsi
///////////////////////////////////////////
rsilengthlong = input.int(defval = 11, title = "Rsi Length Long", minval = 1)
rlong=ta.rsi(close,rsilengthlong)
rsilengthshort = input.int(defval = 29, title = "Rsi Length Short", minval = 1)
rshort=ta.rsi(close,rsilengthshort)
///////////////////////////
//Only taking long and shorts, if RSI is above 51 or bellow 49
rsilong = rlong >= 51
rsishort = rshort <= 49
//////////////////////////////////////
//only taking trades if all 3 emas are in the correct order
long = out1 > out2 and out2 > out3
short = out1 < out2 and out2 < out3
/////////////////////////////////////
///////////////////////////////////////////
//setting up TP and SL
TP = input.float(defval = 0.5, title = "Take Profit %",step = 0.1) / 100
SL = input.float(defval = 0.3, title = "Stop Loss %", step = 0.1) / 100
longCondition = hist_1m <= lowerBB
longhight = input(defval=-10,title = "MacdTick Low")
if (longCondition and long and rsilong and hist_1m <= longhight) 
    strategy.entry("Long", strategy.long)
if (strategy.position_size>0)
    longstop = strategy.position_avg_price * (1-SL)
    longprofit = strategy.position_avg_price * (1+TP)
    strategy.exit(id ="close long",from_entry="Long",stop=longstop,limit=longprofit)
shortCondition = hist_1m >= upperBB
shorthight = input(defval=35,title = "MacdTick High")
if (shortCondition and short and rsishort and hist_1m >= shorthight)
    strategy.entry("short ", strategy.short)
shortstop = strategy.position_avg_price * (1+SL)
shortprofit = strategy.position_avg_price * (1-TP)
if (strategy.position_size<0)
    strategy.exit(id ="close short",stop=shortstop,limit=shortprofit)
Expand (108 lines)

Overview

5 Minute Scalp calculates a MACD histogram from a 1-minute timeframe, applies Bollinger Bands to the histogram, and tracks two RSI oscillators of different lengths. Orders execute based on RSI thresholds, using fixed 0.5% take-profit and 0.3% stop-loss percentages for exits. Inputs allow customizing moving averages, MACD smoothing, Bollinger Band deviations, and risk targets. Using lower-timeframe security calls may cause differences between historical and live calculations.

Triple EMA overlays on the price chart
1-minute MACD histogram security request
Bollinger Bands calculated on MACD histogram
Dual-period RSI indicators for long and short setups
Fixed percentage stop loss and take profit exits

Details

Published by

hasnocool on GitHub

Code credit

pluckyCraft54926, as written in the script's header

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Crypto

Timeframes

M1-M5

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

5 Minute Scalping Strategy.pine

Repository

github.com/hasnocool/tradingview-pine-scripts. See its other scripts in the library

Topics

analysisbtcusdtcryptocurrencydatapandaspythonsimulationtradingtradingview

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Fast Length	`int`	`12`	`fast_length`
Slow Length	`int`	`26`	`slow_length`
Source	`source`	`close`	`src`
Signal Smoothing	`int`	`9`	`signal_length`
Oscillator MA Type	`string`	`EMA`	`sma_source`
Signal Line MA Type	`string`	`EMA`	`sma_signal`
MACD Line	`color`	`#2962FF`	`col_macd`
Signal Line	`color`	`#FF6D00`	`col_signal`
Above Grow	`color`	`#26A69A`	`col_grow_above`
Fall	`color`	`#B2DFDB`	`col_fall_above`
Below Grow	`color`	`#FFCDD2`	`col_grow_below`
Fall	`color`	`#FF5252`	`col_fall_below`

Show all 31 settings

Setting	Type	Default	Variable
Length	`int`	`9`	`len1`
Source	`source`	`close`	`src1`
Offset	`int`	`0`	`offset1`
Length	`int`	`50`	`len2`
Source	`source`	`close`	`src2`
Offset	`int`	`0`	`offset2`
Length	`int`	`200`	`len3`
Source	`source`	`close`	`src3`
Offset	`int`	`0`	`offset3`
LengthBB Long	`int`	`94`	`lengthBBLong`
LengthBB Short	`int`	`83`	`lengthBBShort`
StdDev	`float`	`2.0`	`multBB`
Offset	`int`	`0`	`offsetBB`
Rsi Length Long	`int`	`11`	`rsilengthlong`
Rsi Length Short	`int`	`29`	`rsilengthshort`
Take Profit %	`float`	`0.5`	`TP`
Stop Loss %	`float`	`0.3`	`SL`
MacdTick Low	`int`	`-10`	`longhight`
MacdTick High	`int`	`35`	`shorthight`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

Similar Pine Scripts

MACD + BB + RSI [Alorse]

by Alorse

330

This strategy plots MACD line, signal line, Bollinger Bands, and RSI on the price chart. It signals long entries on MACD crossover above signal with RSI below 50 and price below BB basis, plus optional DMI filter. Short entries are available but disabled by de

Strategy v5 Oscillators & momentumVolatility & bands

Updated 2 months ago · None stated

ES - Futures 1M No Repaint Fixed

by dearvn

257

This strategy is designed for 1-minute S&P 500 futures trading using multi-timeframe data and Fibonacci-weighted standard deviation bands around volume-weighted moving averages. It requests data from multiple higher timeframes without lookahead to prevent repa

Strategy v5 Volatility & bandsMoving averages

Updated 6 weeks ago · None stated

Take Profits & Stop Losses

by PythonForForex

64

This educational strategy demonstrates moving average crossovers filtered by RSI momentum, incorporating ATR-based risk management. It calculates a 10-period SMA, a 30-period SMA, a 14-period RSI, and a 14-period ATR. Long entries trigger when the fast SMA cro

Strategy v5 Moving averagesOscillators & momentum

Updated 4 years ago · None stated

Momentum Rider DAILY FINAL

by greenpeas007

58

This strategy combines exponential moving averages (EMA 9, 21, 50), RSI, MACD, and Supertrend indicators to enter long positions. It triggers trades using six dynamic setups based on momentum breakouts, EMA crossovers, and pullbacks. Position sizing is compute

Strategy v6 TrendOscillators & momentum Repaints

Updated 4 months ago · Custom licence

Bollinger bands examples

by tradingstrategy-ai

53

This strategy plots exponential-moving-average Bollinger bands on the price chart and calculates RSI. It opens a long position when close crosses above the upper band while RSI is at or above a threshold, the date filter allows trading, and no position is open

Strategy v5 Volatility & bandsOscillators & momentum

Updated 3 years ago · None stated

EUR/USD EMA9-21 + RSI Scalping Strategy

by Ahmed-GoCode

53

This strategy trades EUR/USD on the price chart using a fast and slow exponential moving average crossover filtered by RSI. It enters long when the fast EMA crosses above the slow EMA while RSI is above 50 and below the overbought level, and enters short on th

Strategy v6 TrendMoving averages

Updated 2 months ago · MPL-2.0

More strategys

5 Minute Scalp