Scalping indicator.It takes into account volatility, price movement in the local interval and the direction of the current trend.
Recommended timeframe - M5.
Advantages:
- Low volatility when a signal appears ensures minimal movement against an open position.
- The indicator does not redraw its signals.
- There are alert signals.
- It is a great tool for day trading.
Settings:
Name Description Period Indicator period Range of each bar in the period (pp.) The maximum size of each candle in the indicator period. Indicated in points.
If there are no signals for a long time at the default settings, it means that the market is highly volatile. It is recommended to increase this parameter after looking at the history.The width of the channel period (pp.) The maximum channel size for the indicator period. Indicated in points. Here's a similar recommendation. Distance of the arrow from the entry point (pp.) Distance to draw the arrow of the corresponding signal. Indicated in points.
If 0, it will be drawn at the opening point of the candlestick.Alerts Alert permission.
Also see other products of this author:
https://www.mql5.com/ru/users/tonybeat/seller
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