I'm looking for a good indicator that will allow me scalping on M5 timeframe and give many signals - something like Stochastic. I would like to get an alert and arrow when trend will change.
You can use the below mentioned indicators for scalping.Make sure u test it in a Demo before trying it out in a real account.
what are the best settings for this indicator?
I would suggest you to first identify the price action.
There are three types of trend:
A trend following method is not going to work in a sideways market.
Elliott Wave Forex Weekly Forecast
thanks for this usful indicator
This one is ok for M5/M15/M30,,just scalp the stars. If you are trading bumpy sideways market plz check for stars on M15 first before entry on M5
Hi, Thanks for sharing the mmindicatorvisual. I would like some help about the best way to use it especially combining different tfs. Thanks in advance