SCALP+40EMA
Created on 2/21/2018 10:09:29 PM
Scalping indicator where the 40EMA must be added to determine the overall trend of the market.
This indicator can be used as a signal provider for
LOCTrader Expert Advisor.
EURUSD
USDJPY
GBPUSD
USDCHF
M1
M5
M15
M30
Hourly
H4
Daily
Buy Signals
Condition 1
Moving Average 3 Exponential Close
Crosses from Bottom to Top
Moving Average 20 Simple Close
Condition 2
Relative Strength Index (RSI) 7 Close
Is Above
Constant (Horizontal line) Value: 50
Condition 3
Moving Average 4 Smoothed Close
Is Above
Moving Average 7 Smoothed Open
Sell Signals
Condition 4
Moving Average 3 Exponential Close
Crosses from Top to Bottom
Moving Average 20 Simple Close
Condition 5
Relative Strength Index (RSI) 7 Close
Is Below
Constant (Horizontal line) Value: 50
Condition 6
Moving Average 4 Smoothed Close
Is Below
Moving Average 7 Smoothed Open
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This is a custom indicator for Metatrader 4 platform. To use it you need:
- Download this indicator and copy into your metatrader experts/indicators folder.
- Restart your Metatrader 4 terminal.
- Indicator will appear under Custom Indicators section. Attach the indicator on the chart.