The Scalp Xpression is an indicator that calculates the local extremums and plots pivot points with high probability. The indicator was initially oriented on scalping strategies, but it also perfectly proved itself in medium and long-term trading. The indicator is based on the VSA methodology, the analysis of the behavior of the current trade volume and the price changing rate.
There are 4 parameters in the settings:
- HistBars - the number of bars to display the indicator histogram;
- Sensitivity - the aggressiveness of the indicator;
- Averaging PERIOD - the number of bars to calculate local extremums;
- Alert on/off - enable/disable notifications.