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Scalping Signal NO Repaint NO Lag

99 USD

Demo downloaded: 22

Published: 5 June 2024

Current version: 1.20

Scalping Signal NO Repaint NO Lag

Indicators
Martin Alejandro Bamonte
Version: 1.20
Updated: 7 June 2024
Activations: 10

The "Scalping Signal No Repaint No Lag" is the only indicator on the market that automatically loads all necessary indicators when dragged onto any chart, without needing any templates or additional indicators. It configures the chart to look exactly like the provided image. This indicator guarantees no repainting and no lag, making it ideal for scalping strategies across all pairs and timeframes (TF).

Features

Automatic Indicator Loading: Automatically loads all necessary additional indicators and configures the chart according to the preset preferences when dragged onto any chart. However, you can change the parameters from the settings if you wish.
Chart Visualization: Adjusts chart properties for better visualization, including using candlesticks and specific colors for bullish and bearish candles. Both the background and candle colors can be modified if desired.
Signal Generation: Uses the difference between two moving averages and the crossover of the RSI with its EMA to generate buy and sell signals, indicated by arrows on the chart.
Trend Visualization: Shows the current market trend (bullish, bearish, or neutral) based on the comparison of fast and slow moving averages.
Spread Visualization: Displays the current spread of the currency pair on the chart, allowing you to choose pairs with lower spreads. Always check the spread before opening a trade.
Symbol and Timeframe Switching: Facilitates quick switching between different currency pairs and timeframes via buttons on the chart, allowing you to personalize the pairs and intervals. Note that alarms and alerts will only be for the open chart.

Indicators Used for Signals

Simple Moving Average (SMA): Used to calculate the difference between fast and slow moving averages. These moving averages do not repaint because their values are based on historical closing prices.
Relative Strength Index (RSI): Used to evaluate market strength. The RSI does not repaint as it is calculated based on historical data and does not change once the period is closed.
Exponential Moving Average (EMA): Applied to the RSI to smooth its values. The EMA does not repaint as it uses historical prices for its calculation, providing a stable trend measure.

Additional Indicators

Spread: Visualizes the current spread of the currency pair on the chart.
Pairs and TF Changer: Allows quick switching between different currency pairs and timeframes via buttons on the chart.
Trend Visualizer: Shows the current market trend (bullish, bearish, or neutral) based on the comparison of fast and slow moving averages.

Setup and Usage

Installation: Copy the Scalping Signal No Repaint No Lag.ex4 file into the MetaTrader 4 indicators folder.
Configuration: The indicator comes pre-configured, but you can adjust the values in the settings if you wish.
Visualization: Open the chart of your preferred currency pair and apply the indicator.
Interpretation: Observe the buy and sell arrows to make informed trading decisions. Always check the spread, and if you are a novice trader, only open trades in the direction of the current trend (check the trend indicator in the upper right corner).

External Parameters

EachTickMode: true (each tick mode).
Allows the indicator to process each received tick to provide faster and more accurate signals.
Fast_MA_Period: 1 (fast moving average period).
Determines the period of the fast moving average used for signal calculations.
Slow_MA_Period: 36 (slow moving average period).
Sets the period of the slow moving average, providing a reference for the overall trend.
Signal_period: 10 (signal period).
Defines the period used to smooth the difference between moving averages and generate the signal line.
RSI_Period: 7 (RSI period).
Period of the Relative Strength Index used to evaluate market strength.
EMA_Period: 5 (EMA period).
Period of the Exponential Moving Average applied to the RSI to smooth its values.
DoAlert: true (enable alerts).
Enables or disables buy and sell alerts.
Send_Email: false (send email disabled).
Option to send alerts via email.
BackgroundColor: clrBlack (background color).
Chart background color.
BullCandleColor: clrGreen (bullish candle color).
Color used for bullish candles on the chart.
BearCandleColor: clrRed (bearish candle color).
Color used for bearish candles on the chart.

For any questions or inquiries, please send a private message and I will respond as soon as possible!

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3050

jabautista 2024.06.14 16:30 #

Good indicator with solid entries.

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The MTFMA (Multi-Timeframe Moving Averages) indicator uses multiple moving averages (MAs) across different timeframes to provide buy and sell signals (which do not repaint) in a separate window from the main chart. It is versatile and easy to interpret, suitable for both scalping on smaller timeframes and long-term trading on larger timeframes. Why is it Multiframe? The term multiframe refers to the indicator's ability to use and combine data from multiple timeframes. The MTFMA calculates and di

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NextCandlePredictor Indicator NextCandlePredictor, a signal indicator with alert that does not repaint, does not change its color, does not move, does not disappear, and has no lag. It will help you identify the direction of the next or upcoming candles in any timeframe. Highly recommended for high volatility markets like New York, London, or even the overlap of both. Main Features: Versatility in Timeframes: Provides quick and accurate signals in any timeframe, from M1 to H1 and beyond. Clear B

99 USD

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jabautista 2024.06.14 16:30 #

Good indicator with solid entries.

Version 1.20 2024.06.07

Version 1.2
Rewriting the alarm logic to ensure that alerts are only issued when a signal (arrow) is generated on the chart. Alerts now correctly reflect the direction of the signal (buy or sell).
Use of the TimeFrameToString function: The TimeFrameToString function was added and used to convert the time period into a readable format (e.g., "H1" instead of "60") in the alerts.

Version 1.10 2024.06.07

V 1.1 Added indicator name, pair, and timeframe to alert messages