Free Forex Scalping MT4 Indicator

Here’s a simple to use free forex scalping trading indicator. The indicator consists of a zero line, above the zero line, the short-term trend is bullish, on the contrary, below the zero line bearish.

I recommend to use this indicator during the most volatile trading sessions and on low spread currency pairs such as the EUR/USD and USD/JPY.

Trading Signals

Buy signal: Wait for indicator to turn back above the zero line from below (green color).

Sell signal: Wait for indicator to turn back below the zero line from above (red color).

Indicator Preferences

Currency pairs: low spread pairs

Time frames: M1, M5, M15

Trading sessions: London and US (avoid using the indicator on holidays)

Download

Download the freeforexscalpingindicator.ex4 indicator.

Configurable Indicator Options

Colors, …

EUR/USD M15 Chart Example

free-forex-scalping-indicator

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