
Double Channel Forex Scalper Indicator
Platform: MT4 Type: Channel Type: Scalping Last update: September 21, 2024The Double Channel Forex Scalper indicator is a great accuracy trading tool that is a combination of three moving averages and buy/sell arrows.
Similarly to all other scalping indicators, this one was also made for lower timeframes (like M5). However, it also works pretty well on higher timeframes too (like H4 or D1).
Simplified trading rules for Double Channel Scalper are following:
- A green arrow on the chart suggests the scalping trend is up.
- A red arrow on the chart suggest the scalping trend is down.
One thing you must be careful about is the fact that the trend does not always start at the very first candle after an arrow.