R Chimp Scalper

The R Chimp Scalper is a great trading tool for both forex scalpers and intraday traders.

The signals from this scalper indicator are very clear and easy to read.

It paints green and red bars above and below the zero level in a separate trading window:

  • Green bars are aligned above the zero level suggest the scalpers trend is bullish
  • Red bars are aligned below the zero level suggest the scalpers trend is bearish

Indicator readings above the zero level suggest the scalp trend is bullish and traders look to buy the currency pair.

Indicator readings below the zero level suggest the scalp trend is bearish and traders look to sell the currency pair.

For best practices

use this scalping oscillator together with a trend following indicator and trade in the direction of the underlying trend.

Basic Trading Signals

Signals from the R Chimp Scalper indicator are easy to interpret and goes as follows:

Buy Signal: Open buy scalp trade when the indicator crosses back above the zero level from below (trading the green bars).

Sell Signal: Open sell scalp trade when the indicator crosses back below the zero level from above (trading the red bars).

Trade Exit: Use your own method of trade exit.

Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Chart pattern indicator

Customization options: Variable (Weight DM, Weight DI, Weight DX, Weight Out) Colors, width & Style.

Time frames: 1-Minute, 5-Minutes, 15-Minutes

Type: Oscillator


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Stop searching for and trying new indicators! Get Winshots Massive FX Profits indicator and set yourself apart from the crowd.  Years of trading experience led us to the building of this all in one indicator! Trade like the pro with Winshots Massive FX Profits! This indicator uses the following methodologies to help you become a more consistent profitable trader: - MARKET VOLUME PROFILE - DAILY CANDLE OUTLINE  - ATR LEVELS - DAILY PIVOTS LEVELS - PRICE CYCLES ANALYSIS What is VOLUME PROFILE?
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Attention: beware of SCAMS, TRENDMAESTRO is only ditributed throught MQL5.com market place. note: this indicator is for METATRADER4, if you want the version for METATRADER5 this is the link:  https://www.mql5.com/it/market/product/108106 TRENDMAESTRO ver 2.5 TRENDMAESTRO recognizes a new TREND from the start, he never makes mistakes. The certainty of identifying a new TREND is priceless. DESCRIPTION TRENDMAESTRO identifies a new TREND in the bud, this indicator examines the volatility, volumes a
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This product was   updated   for the   2026 market   and   optimized   for the   latest MT5 builds . PRICE UPDATE NOTICE: Smart Price Action Concepts   is currently available for $200. The price will   increase to $299   after the next   30 purchases. SPECIAL OFFER:  After purchasing , send me a private message to claim FREE Bonus + Gift. First of all Its worth emphasizing here that this Trading Tool is Non Repainting , Non Redrawing and Non Lagging Indicator , Which makes it ideal for profes
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Effortless trading: non-repainting indicator for accurate price reversals This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides
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