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Royale Scalping Indicator

Royal Scalping Indicator is an advanced price adaptive indicator designed to generate high-quality trading signals. Built-in multi-timeframe and multi-currency capabilities make it even more powerful to have configurations based on different symbols and timeframes. This indicator is perfect for scalp trades as well as swing trades. Royal Scalping is not just an indicator, but a trading strategy itself.


Features

  • Price Adaptive Trend Detector Algorithm
  • Multi-Timeframe and Multi-Currency Trend
  • Low Risk Signals
  • Sound Alerts, Push Notifications, Flasher …
  • Highly Adjustable (All important parameters exposed and can be optimized for Expert Advisors)
  • Dose Not Repaint

    • Please don't hesitate to contact me directly if you have any question or difficulty related to this product. You will get instant responses to your questions sent through MQL5 messenger or other contact methods specified here.
    • Watch the tutorial video at the end of this description.
    • Don't forget to subscribe to my Youtube Channel.


    How it works

    Royal Scalping Indicator includes two different oscillators. A trend oscillator colored in orange predicts the overall trend of the market, and an orchid signal oscillator which generates buy and sell signals.

    From the point where the trend oscillator leaves the lower zone and goes through the upper zone before the point that it gets out of its upper zone, the market is considered to be in uptrend direction. Conversely, its transition from the upper zone toward the lower zone and also its presence in the lower zone indicates that the market is in downtrend direction.

    A buy signal is where the signal oscillator is in the lower zone (below level 20) and the trend oscillator is predicting an uptrend at the same time. Sell signals are generated where the signal oscillator is in the upper zone (above level 80) and the trend oscillator is predicting a downtrend at the same time.

    The signal oscillator finds pullbacks in the overall trend and helps traders to ride the trend with lower risks which means tighter stop losses can be used.

     

    Alerting System

    Royal Scalping Indicator can be configured to alert traders through sound, by flashing the chart, phone notifications, email and MetaTrader alert window. It can be adjusted to notify you only for an arbitrary number of signals from the beginning of a trend where the trend is not old and not inclined to get reversed. 

     

    Input parameters

    To avoid a long list of confusing inputs, most of the input parameters have been represented as a set of inputs in a row separated by commas. For example there are two related parameters for the signal oscillator but written as a single string input Signal Period [EMA, Channel] which means the input should be entered like 3,5. This means you enter two values, the first one is a fast period for an EMA and the second one is a slow period for a channel which both belong to the signal oscillator.

     

    Trend [Symbol, Timeframe]

    For the trend oscillator both symbol and timeframe can be different from the symbol and timeframe of its chart. Using a negative sign before a symbol means you want the inverse of the trend oscillator for the specified symbol.

    Input examples:

                    USDJPY, H1
                    usdcad        [Uses USDCAD on current timeframe]
                    h4               [Uses timeframe H4 on current symbol]
                    -GBPUSD, H1

    For the last example the indicator actually uses USDGBP for the trend oscillator.

    Important Note

    H1 trend can be used in M30 and M15 charts. M5 trend can be used in M1 chart, but don't use for example H1 trends on M1 charts. Be aware that one bar in H1 represents 60 bars in M1 which can propagate inevitable repainting from H1 to M1. 

    Trend Fast Channel and Trend Slow Channel parameters

    To have a price adaptive trend oscillator enter three values for both Trend Fast CH and Trend Slow CH.

    Input examples:

          Trend Slow CH [Period1, Period2, ER] = 6, 30, 9
          Trend Fast CH  [Period1, Period2, ER] = 3, 14, 9

     

    If its preferred to have a Simple Scalping Indicator, enter only a fast period for Trend Fast CH and a slow period for Trend Slow CH.

    Input examples:

          Trend Slow CH [Period1, Period2, ER] = 150
          Trend Fast CH  [Period1, Period2, ER] = 14


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    PZ Day Trading MT5
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    This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides value on every timeframe It implements self-analysis statistics It imp
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    PZ Trend Trading MT5
    Arturo Lopez Perez
    Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whipsawed Recognize profitable pullbacks, breakouts and early reversals The ind
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    PZ Swing Trading MT5
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    Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Profit for market swings with
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    MACD Regular and Hidden Divergence Indicator
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    Moving Average Convergence Divergence Indicator - trend-following dynamic indicator. MACD Divergence in other words moving average convergence divergence indicator is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). You will see divergenses on the chart and indicator. Arrows painted above/below the open bar and not in the past. You can see when actually you can trade. It is never to late! Signals based on closed bars so the arrows above/below open bar never disa
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    VIP Scalper
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    This scalper indicator shows the moments, when you can safely earn 10 point profit with risk only 2 points. It allows greatly increase the deposit during the day, if properly money management used. The indicator has only one input parameter - number of bars, used for the calculation of trend. When the signal appeared, place pending order at the price, 2 points higher than the current price (for buy) or 2 points lower current price for sell. Stop Loss - 2-3 points; Take Profit - from 10 ponts; R
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    Stochastic Divergence Indicator
    BJF Trading Group inc. (2202934 ON inc.)
    Stochastic Divergence Indicator is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). You will see divergenses on the chart and indicator. Arrows painted above/below the open bar and not in the past. You can see when actually you can trade. It is never to late! Signals based on closed bars so the arrows above/below open bar never disappear. Stochastic Divergence Metatrader Indicator shows fractal divergence by Stochastic indicator. When divergence arises between S
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    VIP Consolidation Price
    Vyacheslav Scherbak
    The VIP Consolidation Price indicator displays the price consolidation areas (a large gathering of sellers and buyers). If these areas are broken through, with a high probability the price will continue to move in the selected direction. The wider the price consolidation area, the higher the probability that the price will not return to the opposite boundary of the price consolidation channel after a breakthrough of the boundaries. The narrower the area, the higher the probability that price wil
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    Meta Trend Indicator is the most efficient way to forecast and detect the trend in any market. It reveals the trend, support and resistance levels, volatility and the maximum potential target, all in one indicator. To adapt to the price and to decrease consecutive trend failures, the internal trend detector algorithm studies the market and dynamically chooses the right values for the internal parameters. This indicator is a perfect trend filter for any strategy or expert advisor. Features Su
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