Ultra-AT-R Scalping Tool: An Advanced Indicator for Precise Trading

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Ultra-AT-R Scalping Tool: An Advanced Indicator for Precise Trading

This indicator was initially developed as a personal reference tool, functioning akin to a rifle scope for identifying trading opportunities. It integrates several key components: a pip scale, ATR/Pivot levels, a Moving Average level, RSI, and a spread alert. While adaptable to any timeframe, its design is optimized for scalping on M1 to M15 charts.

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Pip Scale
Settings: Scale zero level shift.
The pip scale features a zero level centered on the body of the selected candle. This can be adjusted to help distinguish between pullbacks and potential reversals.
Rule of Thumb: The trend is considered up when the price is above the zero level, and down when it is below.

ATR/Pivots
Settings: Mode (standard, fibonacci), Period (number of M5 bars), Lines - style, color, width.
This component utilizes a weighted average calculation based on a specified number of M5 bars for open, close, high, and low prices. The range is further adjusted by the Average True Range (ATR) of this calculated range, which is then used to derive pivot levels. These levels are dynamic, influenced by the ATR value, meaning the chosen period significantly impacts their behavior. Shorter periods result in more dynamic levels that expand and contract. For intraday trading and scalping, a period between 12 and 288 (representing 1 to 24 hours) is generally suitable.
Rule of Thumb: Follow standard pivot point trading rules.

MA Level
Settings: Period, Method, Applied Price, Timeframe, Line color/style/width.
This feature displays the latest price of a Moving Average from a chosen timeframe. If the MA level falls outside the visible chart area, the line is drawn at the top or bottom of the chart, appearing longer and thicker. For instance, an EMA (16) of the typical price on H1 can effectively indicate the trend.
Rule of Thumb: The trend is up when the price is above the MA level, and down when it is below.

RSI Indicator
Settings: Period.
This RSI visualization offers a unique perspective. The line indicates the current RSI value, while the color fill represents the historical range (minimum and maximum values) of the RSI over the last 'n' bars, where 'n' is the RSI period. This provides a plan view of recent RSI activity.
Rule of Thumb: If RSI is greater than 50, the trend is up; if less than 50, the trend is down. When the market is trending sideways, the color fill tends to be narrow and centered around 50.

Spread Alert
Settings: Ratio, Color.
This alert is triggered when the ratio between the spread and ATR reaches a predefined level. Upon activation, the color of the bid/ask lines and certain scale lines changes to draw attention. Enabling debug mode displays internal numbers, including spread, ATR, and the percentage ratio, to assist with adjustment.
Generated in 2026.

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/*
   ultra by rkdius [jan 2017]
*/
#property version     "1.60"
#property strict
#property indicator_chart_window
enum mode
  {
   standard,
   fibonacci,

.......

• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.