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  • Reviews (2)
  • Comments

Royal Scalping Indicator M4

5

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

Reviews 2
Chad Gammons
447
Chad Gammons 2022.05.19 06:25 
 

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!

Aravind Kolanupaka
8190
Aravind Kolanupaka 2022.02.26 01:33 
 

Good Work!

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#2 indicator UltimaXP. The recommended time frame is М1 and the expiration time is 1,2,3,4,5 minutes. Arrows are not re-painted Trade sessions: US section Currency pairs: Any Working time frame: M1 Expiration time: 1,2,3,4,5 (depend on pair-contact for get detail advise) With auto trading with Bot, buffer 1: put, buffer 0 : call  ; NEXTBAR The indicator shows good results with high win rate in both real trading and 20 years backtesting.  For any query feel free to contact me, I will reply ASAP.
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Volume Profile FR(Fixed Range) supply and demand This is the full version of the indicator, to test please download the demo version here (It's free on EURCAD chart) Using volume as a fundamental parameter in the analysis is very common.  A typical volume indicator works on a time axis. With it you can determine the volume of each candle, but to get the volume of price levels you need something more than a normal volume indicator: Volume Profile Indicator A functional and useful tool that can
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Binary Deal Trading
Sukunthakan Ngernbamrung
Because of the demo version is not available ++ You can use a FREE VERSION  on MQL account++ All parameters and analysis method are the same as the FULL VERSION, except alert function Click link below to download >> Click Here << Description: Binary Deal Trading Indicator is an indicator on MT4 for Binary Option Trading. It forecasts the overbought / oversold level, Reversal and Fractal point. This indicator will help you to decide a reversal price on any time frame (Recommend M1
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Chad Gammons
447
Chad Gammons 2022.05.19 06:25 
 

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!

Aravind Kolanupaka
8190
Aravind Kolanupaka 2022.02.26 01:33 
 

Good Work!

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