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Royal Scalping Indicator M5

10 purchases per month

149 USD

Demo downloaded: 965

Published: 29 December 2021

Current version: 1.5

Royal Scalping Indicator M5

Indicators
Vahidreza Heidar Gholami
Version: 1.5
Updated: 2 December 2022
Activations: 10

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, 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 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

more...

Video

151

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 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 2022.11.17 12:20 #

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

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Meta Trend Indicator is an 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 Super Adapti

99 USD

The trend in the market can be predicted using trend lines but the problem is you don’t know where exactly the price is going to touch the trend line where you can put your pending orders on. Smart Channel Expert Advisor makes it possible to put an advanced channel around the price data, which can be configured to handle placing orders, opening and closing positions, managing risk per trade, spread, slippage, and trailing stop-loss and take-profit automatically. Features Money Management (Calc

129 USD

99 USD

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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.

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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 2022.12.01 08:23 #

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

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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 2022.11.17 12:20 #

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

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Reply from developer Vahidreza Heidar Gholami 2022.11.17 13:11 #

Thanks so much for sharing your experience.

August665 2022.11.01 16:05 #

Positive Review

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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.

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Reply from developer Vahidreza Heidar Gholami 2022.10.07 23:39 #

Thank you for choosing my products and sharing your experience.

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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.

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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 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 .

Version 1.5 2022.12.02

Arrows for buy and sell signals have been added.