Trend Scalp MTF Alert Indicator

Platform: MT4 Type: Trend

Users rating:

Last update: November 5, 2024

The Trend Scalp MTF Alert Indicator for MT4 is a great tool for finding short-term day trading opportunities. It means you can use it successfully for scalping low time frame charts.

The trading approach with this gauge is pretty simple: red dots represent buy signal and blue dots represent sell signal.

In order to increase the indicators general performance, we suggest using it in conjunction with a longer period moving average as a trend filter. Only follow trend direction, i.e. long trades above MA, and short trades below MA. Combine with the 200 SMA, 100 EMA, etc.

Example of EUR/USD H1 Chart

This screenshot below shows an example of Trend Scalp MTF Alert in action. In conjunction with a 200 period exponential moving average.

Example of the EUR/USD chart with Trend Scalp MTF Alert indicator in action.