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.
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).
Currency pairs: low spread pairs
Time frames: M1, M5, M15
Trading sessions: London and US (avoid using the indicator on holidays)
Configurable Indicator Options
EUR/USD M15 Chart Example