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R Chimp Scalper

The R Chimp Scalper is a great trading tool for both forex scalpers and intraday traders.

The signals from this scalper indicator are very clear and easy to read.

It paints green and red bars above and below the zero level in a separate trading window:

  • Green bars are aligned above the zero level suggest the scalpers trend is bullish
  • Red bars are aligned below the zero level suggest the scalpers trend is bearish

Indicator readings above the zero level suggest the scalp trend is bullish and traders look to buy the currency pair.

Indicator readings below the zero level suggest the scalp trend is bearish and traders look to sell the currency pair.

For best practices

use this scalping oscillator together with a trend following indicator and trade in the direction of the underlying trend.

Basic Trading Signals

Signals from the R Chimp Scalper indicator are easy to interpret and goes as follows:

Buy Signal: Open buy scalp trade when the indicator crosses back above the zero level from below (trading the green bars).

Sell Signal: Open sell scalp trade when the indicator crosses back below the zero level from above (trading the red bars).

Trade Exit: Use your own method of trade exit.

Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (Weight DM, Weight DI, Weight DX, Weight Out) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes

Type: Oscillator


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Entry Arrow Alerts: Finds market entry opportunities then notifies you via mobile or desktop alerts The key features include: Conservative mode . One entry signal per direction. Ideal for the patient trader looking to capture longer term moves. Aggressive mode . Multiple possible entry signals per direction. Ideal for the active trader looking to capture multiple moves within the same trend. Trigger Line . Price entry line helps cut down on false signals. Display Window . Allows you to instantly
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Indicators
LIMITED TIME SALE - 30% OFF, WAS $49, NOW $35! Profit from market structure changes as price reverses and pulls back. The market structure reversal alert indicator identifies when a trend or price move is approaching exhaustion and ready to reverse. It alerts you to changes in market structure which typically occur when a reversal or major pullback are about to happen. The indicator identifies breakouts and price momentum initially, every time a new high or low is formed near a possible exhaust
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Indicators
Currency Strength Wizard is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real str
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Currently 20% OFF ! This dashboard is a very powerful piece of software working on multiple symbols and up to 9 timeframes. It is based on our main indicator (Best reviews:   Advanced Supply Demand ). The dashboard gives a great overview. It shows: Filtered Supply and Demand values including zone strength rating, Pips distances to/and within zones, It highlights nested zones, It gives 4 kind of alerts for the chosen symbols in all (9) time-frames. It is highly configurable for your personal
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