Which are the best indicators to be used while scalping?
Kevin Mendez: Besides of "RSI" // "Bolliner Bands" // "Stochastic" // "MACD". Which ones are good for you while scalping? I've been looking for 3rd party indicators and I have found a couple of them pretty good but I dont really know how to use them togather to create an strategy... <Deleted>
Any and all indicators can be used for scalping (or other strategy for that matter). There is no good or bad, better or worse. It all depends on how you are using them.
They are just tools, and it's how you interpret them and how you apply your strategy rules that makes them useful or not.
That is why you will find thousands of strategies out there for many of the popular indicators.
Scalping
The forum
- Heiken_Ashi_Ma_T3 indicator for Mr.Nims, Renko Ashi Scalping System - the forum thread
- Something to Read - Forex Price Action Scalping: an in-depth look into the field of professional scalping - blog post
- Zigzag Scalping system thread
- Simple Ichimoku Scalping - forum thread
- Pivot Scalper using Pivot Points - Daily (Shifted) - the thread
- Scalping - forum thread with indicators and EAs
- Scalping system - forum discussion thread
The articles
- Comfortable Scalping- the article
- Combination scalping: analyzing trades from the past to increase the performance of future trades - the article
- Implementing a Scalping Market Depth Using the CGraphic Library - the article
CodeBase
- LotScalp - expert for MetaTrader 4
- Multi-currency night scalper - Night Scalper Multi - expert for MetaTrader 5
- 5 Minutes Scalping System - indicator for MetaTrader 4
- 5MinutesScalpingEA - expert for MetaTrader 4
- Safe Trend Scalp - expert for MetaTrader 4
- Scalping With Virtual Pending Orders - expert for MetaTrader 4
- Gonna Scalp - expert for MetaTrader 4
- Angry Bird (Scalping) - expert for MetaTrader 4 - the settings and trades - look at this post.
- Waddah Attar Scalping for MetaTrader 4
- Scalp All - script for MetaTrader 5
The SMA Indicator. The Simple Moving Average Indicator or SMA indicator is the most basic type of indicator traders rely on to device a trading strategy.
- The EMA Indicator.
- The MACD Indicator.
- The Parabolic SAR indicator.
- The Stochastic Oscillator indicator.
Kevin Mendez:
Besides of "RSI" // "Bolliner Bands" // "Stochastic" // "MACD"
Which ones are good for you while scalping? I've been looking for 3rd party indicators and I have found a couple of them pretty good but I dont really know how to use them togather to create an strategy... <Deleted>
Besides of "RSI" // "Bolliner Bands" // "Stochastic" // "MACD"
Which ones are good for you while scalping? I've been looking for 3rd party indicators and I have found a couple of them pretty good but I dont really know how to use them togather to create an strategy... <Deleted>
Best for me are Bands and RSI, you forgot Moving Averages.
Anyway profitable traders use to check fibonacci, candlesticks or chart patterns.
Which ones are good for you while scalping? I've been looking for 3rd party indicators and I have found a couple of them pretty good but I dont really know how to use them togather to create an strategy... <Deleted>