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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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Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tra
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Leave a Comment after purchase to get 4 high quality indicators as Bonus. The Chart Patterns All-in-One indicator helps traders visualize various chart patterns commonly used in technical analysis. It supports identifying potential market behaviors, but profitability is not guaranteed. Testing in demo mode is recommended before purchasing. Current Offer : 50% discount on the "Chart Patterns All in One" indicator. Included Patterns : Pattern 1-2-3 : Detects market reversals using three key point
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Was: $299  Now: $99   Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones. Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings
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A combination of two oscillators. The first one displays the entry points, the second shows the current trend . The indicator can display oscillator signals by arrows in two modes, all fast oscillator signals or signals only in the direction of the current trend. It has a multi-timeframe panel and three types of signal notifications. Benefits: Suitable for day and scalping trading Trend filtering Simple and sensitive setup Multi-timeframe panel Suitable for integration into an advisor. Works on
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The R Scalper Arrows indicator delivers easy to read buy and sell signal arrows for any forex pair. It works good for short-term trend predictions: Up arrows suggest the pair is short-term trending up. Down arrows suggest the pair is short-term trending down. For long trades, place your stop-loss below the dots. For short trades, place your stop-loss above the dots. Tip You can use this indicator together with a longer term period trend-following forex indicator such as a simple moving average
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The R 3MA Cross indicator is a popular trend indicator with alerts based on the crossover of 3 moving averages, it is composed of a faster, medium and slower moving average. Key Points A buy alert will occur when the faster moving average crosses both the medium and slower moving average upwards . A sell alert will occur when the faster moving average crosses both the medium and slower moving average downwards . How to trade with it? Open a buy trade whenever the green colored R 3MA Cross ar
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The R Inside Bar indicator for Metatrader 4 provides simple to use price breakout levels based on inside bars. It works on pure price action and does not repaint whatsoever, and pops up in the main MT4 chart window in the form of 2 colored horizontal lines above and below the actual inside bar. The green horizontal line acts as resistance and the red line acts as support. Long & short trade idea Open a buy order if the candlestick closes above the green inside bar line and the overall trend is
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The R Stoploss Signals indicator is based on a trend following exponential moving average. This forex indicator generates buy and sell trading signals in the form of blue and red lines drawn on the activity chart. Blue colored lines indicate the trend is upwards and this is a signal to buy the currency pair. Red colored lines indicate the trend is downwards and this is a signal to sell the currency pair. A suggested stop-loss line is also included with this forex indicator. For buy signals, put
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The R Wavy Dash indicator transforms price data into an excellent trend-following signals indicator that works for trade entry and exit. It appears in the main chart as a colored signals line and can be used as a standalone trading tool. The R Wavy Dash indicator is very reliable, lightweight, and will not slow down your trading platform. Key Points Trend signal indicator Newbie friendly Non-repaint Well worth adding to your indicator collection This indicator can work together with any exist
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