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Royal Scalping Indicator M5

5
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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.
  • 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, flashing the chart, phone notifications, email, and popups. 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 reverse.

For receiving more precise signals, change the input parameter "Alert me if signal oscillator" to "Leaves upper or lower zones". This way, there's the possibility to lose the start of a trend, but on the other hand, it can help to get better signals in choppy markets and avoid more bad signals at the end of trends.


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 Example Description
USDJPY, H1 Use USDJPY data on H1 timeframe
usdcad Use USDCAD data on the current timeframe
,h4 Use timeframe H4 on the current symbol
-GBPUSD, H1 The dash sign before the name of the symbol makes the indicator inverts the symbol from GBPUSD to USDGBP

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.


Fast and 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


Buffers

Name Index
Trend Oscillator 0
Signal Oscillator 1
Buy Arrows 2
Sell Arrows 3
Reviews 9
beautifuldarkness
156
beautifuldarkness 2023.01.07 18:08 
 

Hi, I like the indicator but everyone keeps mentioning the Royal Wave Pro in the comments. Is that necessary for this product to work amazingly, or is it good on it's own? Just curious.

NSP1990
71
NSP1990 2022.12.01 08:23 
 

A good indicator, especially in combination with Royal Wave! It's a pity there are no arrows in it

ThomasSander
84
ThomasSander 2022.11.17 12:20 
 

Incredible signals in combination with Royal Wave Pro. Good work!

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mohamad.H Valipour
295
mohamad.H Valipour 2023.12.10 22:58 
 

User didn't leave any comment to the rating

beautifuldarkness
156
beautifuldarkness 2023.01.07 18:08 
 

Hi, I like the indicator but everyone keeps mentioning the Royal Wave Pro in the comments. Is that necessary for this product to work amazingly, or is it good on it's own? Just curious.

Vahidreza Heidar Gholami
3699
Reply from developer Vahidreza Heidar Gholami 2023.01.07 19:25
Hi, I'm glad to know you like this product :)
It really depends on your trading strategy. The traders I come in contact with are using my products in their systems in clever ways that I couldn't even imagine as a software developer!
If you don't have an exit plan for open positions, or if you're looking for an indicator to give you exit signals (points with a high probability of reversal), Royal Wave is a good option.
I will send you more info in private messages. Thank you
NSP1990
71
NSP1990 2022.12.01 08:23 
 

A good indicator, especially in combination with Royal Wave! It's a pity there are no arrows in it

Vahidreza Heidar Gholami
3699
Reply from developer Vahidreza Heidar Gholami 2022.12.02 15:23
Arrows for buy and sell signals have been added.
Thank you for the feedback.
ThomasSander
84
ThomasSander 2022.11.17 12:20 
 

Incredible signals in combination with Royal Wave Pro. Good work!

Vahidreza Heidar Gholami
3699
Reply from developer Vahidreza Heidar Gholami 2022.11.17 13:11
Thanks so much for sharing your experience.
August665
85
August665 2022.11.01 16:05 
 

Positive Review

Leon Hans Morten Voige
419
Leon Hans Morten Voige 2022.10.07 21:42 
 

For me this is the best Indicator I have tried so far. I am using this indicator combined with another indicator on my live signal "Royal Dragon" here on MQL5. Thanks to your indicator I made about 40% plus in only one month on my signal! Thank you Vahidreza for this great Indicator, I really love it.

Vahidreza Heidar Gholami
3699
Reply from developer Vahidreza Heidar Gholami 2022.10.07 23:39
Thank you for choosing my products and sharing your experience.
pdev
616
pdev 2022.07.11 11:51 
 

The signals provided by the indicator look very accurate and the best part is its simplicity, very easy to follow.

Chad Gammons
471
Chad Gammons 2022.05.19 06:26 
 

Excellent indicator! Using it on different time frames at the same time really helps to catch a big cycle in a strong trend! Absolutely love this indicator!

ahmed yng
31
ahmed yng 2022.03.15 19:20 
 

I tried many indicators before and finally found this perfect indicator and it is all I need to trade now! It is a complete strategy that show the right trend and gives the best entry points , the most important thing is a low risk chance. I recommend it to everyone, thank you Vahidreza .

Reply to review
Version 1.6 2023.07.07
The bug related to the color of level lines being reset after being changed by the user has been fixed.
Version 1.5 2022.12.02
Arrows for buy and sell signals have been added.