The True Scalper indicator is designed for scalping, it works on all currency pairs and timeframes. The indicator uses a proprietary algorithm, which allows to mark the High/Low prices on the current bar with high precision. The indicator does not redraw. When a significant price level is broken, the indicator draws an arrow indicating the recommended trading direction, and a pop-up Alert appears. The Period and Range input parameters allow to select the sensitivity of the indicator.
- Period - the number of bars for calculating the indicator parameters. Valid values are 5 to 20.
- Range - sensitivity of the indicator. Valid values are 0 to 50.
- Arrow Shift - distance between an arrow and the bar High/Low. Valid values are 0 to 50.
- Alert - pop-up alert about the breaking through a significant price level.