Trend Scalper is a simple effective indicator for scalping,which identifies large trends, filters data and issues buy / sell signals, exitfrom open positions.
There is a Sensitivity parameter, the smaller the value, the more sensitive the indicator is to price changes.
A trend is defined by two colors:
Blue- the points determine the downward trend, the arrow symbols determine therecommended opening and closing positions (when you hover the mouse pops up a hint) Red- points def
Most of those who trade in Forex are aware of the Elliott Wave Analysis System. So what is this wave analysis: This is the study and analysis of price, and not its derivatives (various indicators); The ability to determine price targets using Fibonacci tools (Elliott waves are closely related to Fibonacci numbers). You can get a clear picture of the market at all time scales; With EWA, it is possible to build a trading system with a clear description of the inputs and outputs.
For simplicity, t