How ScallopScan Works

Understanding the signal pipeline — from raw market data to the card you see on screen.

Signal Pipeline

Every signal you see has gone through this flow — running 24/7 on a global edge network.

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Real-time Market Data

Bybit WebSocket streams live tick data — mark price, funding rate, open interest — for all 60+ pairs simultaneously. Mark price is always used (not last price) to avoid wick manipulation noise.

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Technical Signal Detection

Two engines run on each pair's 5-minute candlestick data. Sniper looks for EMA crossovers in trending conditions. BOSWaves finds Bollinger Band extremes for potential reversals. Both engines use ATR to set stop loss distances dynamically.

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Multi-Layer Filtering

Signals pass through: ADX ≥ 22RSI in valid zonePDC proximity check. Weak trend signals are removed. Only structurally valid setups survive.

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Confidence Scoring

A multi-factor analysis evaluates each signal's quality. Factors include trend strength, price position relative to key levels, momentum, funding rate, open interest, and volume. The result is a confidence score from 0–100%. Only signals with high confidence are marked as Gate Pass.

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Instant Storage

Results are saved to fast edge storage with a 10-minute TTL. When you open the dashboard, it reads cached results — no scanning, no waiting. Response time is typically under 500ms from anywhere in the world.

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Dashboard + Telegram

Signal cards appear in the dashboard with confidence score, entry, stop loss, and three take-profit levels. Strong signals are simultaneously sent to Telegram with full details.

Reading a Signal Card

WHAT EACH ELEMENT MEANS

Confidence %How strongly market evidence supports this signal (0–100%)

STRONG / MEDIUM / WEAKConfidence level category

✓ GATESignal passes all quality checks — higher priority

EV ScoreExpected value — positive means the setup has mathematical edge

EntrySuggested entry price (current mark price at detection)

SLStop loss — maximum risk level for this trade

TP1 / TP2 / TP3Take-profit levels at 1R, 2R, 3R from entry

R:RRisk to reward ratio (TP1 vs SL distance)

Hold TimeRecommended maximum time to hold this position

⚡ ExtendedHigh-confidence signal — hold time extended up to 90 minutes

🎯 SniperTrend-following signal (EMA crossover in trending market)

🌊 BOSWavesReversal signal (price at Bollinger Band extreme)

🧠 Sign Froi — Crowd Psychology

The Sign Froi tab reads funding rate data to understand market sentiment. Funding rate is the cost paid between longs and shorts every 8 hours — when it's extreme, the crowd is leaning too hard one way.

SCENARIOS

EUPHORIA → SHORTFR > 0.05%, heavy longs → squeeze risk

PANIC → LONGFR < -0.05%, heavy shorts → bounce potential

DORMANT → SIDEWAYSFR near 0, low conviction → range expected

This is a sentiment overlay — use it alongside signal cards, not as a standalone trading signal.

⚠ ScallopScan is an educational tool. Signals are generated automatically based on technical data and are not financial advice. Always apply your own risk management. Never risk more than you can afford to lose. Past performance does not guarantee future results.