M5 Scalping Monster
Forex scalping indicator that does not redraw its arrows. It works best on M5, M15, M30, H1 timeframes. The default settings are for M5 timeframe. The picture below shows an example of working on the H1 chart with the "period=0.35" parameter value. You can download the demo version and test it yourself. Now we use the signals of this indicator in almost all of our scalping strategies. According to our calculations, the accuracy of its signals is about 95% depending on the timeframe. The indicator works on all currency pairs. We have tested it on all major currency pairs and also on metals. Almost the same accuracy of +-95% was obtained everywhere.
Benefits of the indicator:
- does not redraw arrows
- works on all currency pairs
- high signal accuracy
- good for scalping
- period - period for calculating signal accuracy.
- Price - tells the indicator which prices to work with: CLOSE, OPEN, HIGH, LOW. By default, the indicator works with CLOSE prices.