Scalping Signals indicator
A simple system with clear signals for entries and exits.
The Indicator is a simple yet effective Auto BUY SELL SIGNALS ALERT generating tool.
It Can adapt to any Timeframe – M1 to Monthly.
The Entries come clearly – with text display alert and Pop up sound Alert.
The Exits also come clearly with text display and Pop up sound Alert.
The indicator tries to gain from the big moves and exits only at the proper trend exhaustion while providing safe EXIT ALERTS when the direction is not favorable.
If you can patiently trade all the trades coming on the charts, with the prompt exits where the EXIT ALERT COMES then all the large moves are captured.
The signals are very adjustable as per the trading style- Make the signals more or less is the choice of the trader.
It also gives good REENTRY SIGNALS, when the trend keeps moving in one direction. So it will make you enter and exit multiple times in the same direction instead of giving opposite direction trades in the weak direction.
INPUTS
SENSITIVITY SETTING FOR SIGNALS
- period = 55; – Variable to adjust for Increasing or Decreasing Frequency of signals. ( Less is more Signals and Higher is Lesser Trades).
- option = 0; – This is supposed to be kept within 5 ( Optimized on 0 to 3 ). It is also slightly affecting the frequency of signals.
- TextPosition = 650; – NOT APPLICABLE ( will be added on update)
ALERT SETTINGS
- SoundAlert = TRUE; – Enable the POP-UP ALERTS OF THE ENTRY SIGNALS.
LEVELS FOR OPTIMIZING SIGNALS ( The Indicator levels at which the entry and exits work on.)
- Level1=0.65; – UPPER level affecting BUY SIGNALS ( Optimized on 0.55 to 0.75 ). It is also slightly affecting the frequency of signals.
- Level2=-0.65; – LOWER level affecting SELL SIGNALS( Optimized on MINUS 0.55 to MINUS 0.75 ). It is also slightly affecting the frequency of signals.
POP-UP ALERTS
- AlertOn = true; Enable the POP-UP ALERTS OF THE ENTRY AND EXIT SIGNALS.
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