Buzzer is a good scalping indicator for MT4 based on modified moving averages. Go long when the red line turns green.
On the contrary, go short when the green line turns red. Trade in the direction of the higher time frame trend.
For example, follow the 1 hour trend when trading off the 15 min chart.
Trading Signals
Buy: Red buzzer line turns green from red.
Sell: Green buzzer line turns red from green.
Indicator Preferences
Currency pairs: any
Preferred Time frames: 15 min
Sessions: London and US
Download
Download the buzzerscalping.mq4 indicator.
Configurable Indicator Options
Colors, timeframe’s, AlertOn, EmailOn…
EUR/USD 15 Min Chart Example
How to install the Buzzer custom indicator in Metatrader 4?
- Download the buzzerscalping.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.