Forex Indicator "Scalping Histogram" for MT4
- Scalping Histogram indicator can be used for search of entry signals into the main direction price momentum after minor price correction
- Scalping Histogram can be in 2 colors: orange for bearish momentum and green for bullish one .
- Once you see at least 10 consecutive histogram bars of the same color it means strong momentum takes place
- Entry signal is 1 column with opposite color in histogram and next column with initial momentum color (see the pictures)
- Use scalping targets - closest highs/lows on chart
- Indicator has built-in Mobile and PC alerts
HOW TO USE indicator:
- for BUY signals: at least 10 consecutive green histogram bars (momentum) +1 orange bar on histogram (correction)+1 green bar(open Long trade here)
- for SELL signals: at least 10 consecutive orange histogram bars (momentum) +1 green bar on histogram (correction)+1 orange bar(open Short trade here)
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