Alex Scalper with Volatility Check

Alex Scalper with Volatility Check - Script Description
This Pine Script indicator is a comprehensive scalping strategy designed for short-term trading with built-in risk management and volatility filtering.

Key Features:
📊 Core Strategy:

Uses VWAP (Volume Weighted Average Price) as the primary trend filter

Employs Stochastic oscillator for entry timing (oversold/overbought conditions)

Generates buy signals when price is above VWAP with stochastic momentum

Generates sell signals when price is below VWAP with stochastic reversal

🛡️ Risk Management:

Volatility Protection: Automatically pauses trading during high volatility periods using ATR and Bollinger Band width analysis

Multi-Target System: Three take-profit levels (10, 15, 25 points) for progressive profit-taking

Fixed Stop Loss: 20-point stop loss protection

Position Sizing: Dynamic lot size adjustment based on win/loss performance

⏰ Trading Hours:

Restricted to US market hours (9:30-11:30 AM and 2:00-4:00 PM EST)

Prevents trading during low-liquidity periods

🔔 Alert System:

Real-time buy/sell alerts with complete trade information

Includes entry price, stop loss, take profit levels, and position size

Ready for automated trading integration

📈 Visual Elements:

Green triangles for buy signals below price bars

Red triangles for sell signals above price bars

Orange volatility warning labels during high-risk periods

This script is ideal for traders seeking a systematic approach to scalping with built-in protection against volatile market conditions.