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Home Forex MT4 Indicators Forex Speedometer - scalping indicator

Forex Speedometer – scalping indicator

Forex Speedometer indicator is designed for trader who don’t want to wait long hours for proper market setup. It was made for traders that want to jump in and trade for profit immediately. This indicator will automatically draw oversold and overbought zones – below you can find instructions how to use forex speedometer:

Rules for buy signal:
Tick chart indicates oversold zone and trader can notice early signs of incoming upward move. Speedometer should reach 2.3 ticks per second or higher.

Consider exiting trade when tick chart indicates overbought zone and there are early signs of possible down move. Speedometer should fall below 1.5 ticks per second.

Rules for sell signal:
Tick chart indicates overbought zone and trader can notice early signs of incoming downward move. Speedometer should reach 2.3 ticks per second or higher.

Consider exiting trade when tick chart indicates oversold zone and there are early signs of possible upmove. Speedometer should fall below 1.5 ticks per second.

Note: indicator will work properly only on 5 digits brokers

 

Forex Speedometer free download:

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