Market / MetaTrader 4 / Indicators /

Mr Pip Scalping Indicator

60 USD

Demo downloaded: 90

Published: 15 April 2019

Current version: 2.0

Mr Pip Scalping Indicator

Indicators
Puiu Alex
Puiu Alex
Full TIme Trader at Freelancer

Romania

5254
4.6 (11)
I am fulltime trader with over 13 years of forex experience. I developed my own strategy based on supply/demand levels and trend follow!
Motto: Take what you need and leave, don't look back!

9 products 1 topic
Version: 2.0
Updated: 2 May 2019
Activations: 7

is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset with few major tweaks. This is NOT RSI.

Features V2:

Added Supply/Demand Filter

You can select which zone to see on the chart ( Important Resistance/Support; Verified Resistance/Support; etc).
You get alerts when prices is entering on a specific supply/demand zone.

How to use?

When the signal comes, you will prepare.

At the end of the current candle you enter into the trade.

Can I take all the signals?

No, you must follow some simple rules.

What are the rules?

Alert comes in and the current candle is rejected at strong supply/demand.
How to find the strong supply/demand zones?
I recommend use of H4 zones.

Look for a strong rally. Then without warning, the price suddenly reverses and drops FAST.
You enter at the opening of the next candle.
DO NOT trade during news.

How to take only profitable signals?

Use H1 or higher TFs. Greater the TF, higher the probability that the price will stop at that point.
After you got a supply/demand wait for a signal to appear around that zone. If that candle is a rejection of the zone it's a good trade.

more...

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Mr Pip Scalping Indicator

Puiu Alex

Features V2:

Added Supply/Demand Filter

How to use?

Can I take all the signals?

What are the rules?

How to find the strong supply/demand zones?

I recommend use of H4 zones.

How to take only profitable signals?