Momentum Scalper Indicator
Platform: MT4 Type: Scalping Last update: October 6, 2024The Momentum Scalper indicator is, as the name suggests, a forex trading tool created for scalping traders.
The signals provided by this indicator are really easy to follow. Just stick to the trading rules below.
Histogram bars:
- Red bars represent market moves to the downside.
- Blue bars represent market moves to the upside.
- Grey bars represent ranging (quiet) markets.
- White bars represent the market running out of steam.
- Orange bars represent retracement is due.
Background colors:
- Green chart background means the overall trend is UP (Look for entries to the upside).
- Pink chart background means the overall trend is DOWN (look for entries to the downside).
