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Royal Scalping Indicator M4

4.29

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 7
yida0101
12
yida0101 2024.05.29 07:02 
 

现在MT4软件升级,造成所购买的指标无法正常使用。请问何时解决?谢谢

elite luis
3331
elite luis 2023.03.04 05:04 
 

Yes agreed is good indicator, Thanks Author! but currently the arrow in subwindow is hard to see, can you please check comment and make the 5x enhacement to the arrow please ok? *update* Author immediately start coding the arrow enhancement, he is super passionate and responsive open to customer request idea/suggestion, Author constantly update and improvement to make it better, Best Buy for 2023! Worth every penny! Big Thank Author for being so passionate and dedicated to your indicator! Thumbs up for you! :)

enoruz
341
enoruz 2022.09.16 17:03 
 

good indicator, please add arrow

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Connect Indicator is a tool used for connecting indicators between the MQL market and MT4. The connected indicators are made by our group and can be used for other applications, such as sending messages to the Line application or Telegram application. If you have any questions, please don't hesitate to ask us to receive support. Function and indicator buffer Buffer one is the high price of the previous candle. Buffer two is the high price of the previous candle. Usage To connect indicators to fu
Introducing the Miraculous Forex Indicator: Unleash the Power of Precision Trading Are you tired of searching for the perfect forex indicator that truly delivers exceptional results across all time frames? Look no further! The Miraculous Forex Indicator has arrived to revolutionize your trading experience and propel your profits to new heights. Built upon a foundation of cutting-edge technology and years of meticulous development, the Miraculous Forex Indicator stands as the pinnacle of str
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yida0101
12
yida0101 2024.05.29 07:02 
 

现在MT4软件升级,造成所购买的指标无法正常使用。请问何时解决?谢谢

Vahidreza Heidar Gholami
3772
Reply from developer Vahidreza Heidar Gholami 2024.05.29 07:08
Thank you for the feedback. I will check this ASAP.
VALERІI SKVORTSOV
165
VALERІI SKVORTSOV 2023.07.04 12:42 
 

Гарний продукт, але ціна трохи завищена.

SupremeFXTrading
63
SupremeFXTrading 2023.03.11 12:27 
 

Daylight robbery! appalling indicator. Stay away, i have taken the 150 dollar hit in return for a lagging indicator. Open to debate and show evidence of too.

Response 12/3.

My friend I did not ask for a trading lesson. I have a perfect working strategy. The reason why this market place exists is so traders can further enhance the trading strategy and be profitable. Your indicator gives nothing but false signals, why sell a duff indicator and have traders lose there hard earnt capital. I am a profitable trader and as I said i will take the hit. 90% of the indicators on here give you something, this falls into the 10%. I sent you a screen shot of 3 failed signals back to to back. I find it amusing how the authors always put it down do unpredictable markets, hold on isn't that what good indicators are designed to do?, to filter the noise and leaving the end user to make a good informed investment on a asset? I've lost no sleep over it my friend.

Vahidreza Heidar Gholami
3772
Reply from developer Vahidreza Heidar Gholami 2023.04.22 22:29
I'm sorry to hear this, but you are judging this indicator based on three consecutive failed signals, which is a common occurrence in any system. You have the option to backtest and see failed signals in the strategy tester before purchasing the product. It's important to keep in mind that financial markets can be unpredictable. As a seller, I assume that my customers understand the risks and are knowledgeable about what they're doing. If you're looking for a perfect system with no lag, you can only find it in science fiction movies. So let's be realistic. Most of the time, the market has a very complex random distribution, so we are trying to trade in a stormy ocean. That's why you should always be ready for this kind of scenario and have a money management strategy in place to cover your losses. Based on your account rating (57), it seems that you have not tested any other indicator that could validate your claim that Royal Scalping falls into the 10% category. Royal Scalping utilizes layers of filters to denoise the price data with as little lag as possible. If you want to cancel out lags and predict further into the future, you can add Royal Wave and MetaForecast indicators to your strategy to have a deeper analysis.
elite luis
3331
elite luis 2023.03.04 05:04 
 

Yes agreed is good indicator, Thanks Author! but currently the arrow in subwindow is hard to see, can you please check comment and make the 5x enhacement to the arrow please ok? *update* Author immediately start coding the arrow enhancement, he is super passionate and responsive open to customer request idea/suggestion, Author constantly update and improvement to make it better, Best Buy for 2023! Worth every penny! Big Thank Author for being so passionate and dedicated to your indicator! Thumbs up for you! :)

enoruz
341
enoruz 2022.09.16 17:03 
 

good indicator, please add arrow

Vahidreza Heidar Gholami
3772
Reply from developer Vahidreza Heidar Gholami 2022.12.02 15:24
Arrows for buy and sell signals have been added.
Thank you for the feedback.
Chad Gammons
476
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
8860
Aravind Kolanupaka 2022.02.26 01:33 
 

Good Work!

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.