FOREX for LIVING: Free Scalping Indicator

Free Scalping Indicator is a simple but the best trend indicator among the top class trading tools. This indicator generates signal both entry and exit alone. Free Scalping Indicator is created for scalping trading on major currency pairs. According to the designer, this indicator is not repaint, and has profitability about 60-80%. Free Scalping Indicator suitable for use on the timeframes between M1 - M15.

After the installation of Free Scalping Indicator at the MT4 trading platform, the main chart should be shown like below:

Free Scalping Indicator

Free Scalping Indicator appears below the main chart with separate window, if its value turns positive is interpreted as buying signal, while if its value turns negative is mean as selling signal.

Rule of Free Scalping Indicator

BUY Entry

Free Scalping Indicator value turns positive, the bar cross up the zero line of its histogram.
At the same time price bar closes as a bullish candle.
Bars of histogram changes its color to yellow.

Free Scalping Indicator Buy condition

SELL Entry

Free Scalping Indicator value turns negative, the bar cross down the zero line of its histogram.
At the same time price bar closes as a bearish candle.
Bars of histogram changes its color to red.