Official website address: https://www.mql5.com/en/market/product/76135?source=External%3Ahttps%3A%2F%2Fwww.google.com%2F#description.
Royal Scalping Indicator is an advanced price adaptive index, which aims to generate high-quality transaction signals. Built-in multi-time frames and multi-currency functions make configurations based on different transaction types and time frames more powerful. This index is very suitable for scalping trading and band trading. Royal Scalping is not only an indicator, but also a trading strategy.
Price adaptive trend detector algorithm.
Multiple time frames and multi-currency trends.
Low risk signal.
Audible alarms, push notifications, flashing lights.
Highly tunable (exposes all important parameters and can be optimized for EA transactions).
Dose not redrawn.
If you have any questions or difficulties about this product, please feel free to contact me directly. You will get an immediate reply to questions sent through MQL5 Messenger.
Watch the tutorial video at the end of this note.
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How does it work?
Royal Scalping Indicator includes two different shock indicators. The orange trend oscillator predicts the overall trend of the market, and the orchid signal oscillator generates buying and selling signals.
From the point where the trend oscillator leaves the lower zone and passes through the upper zone before leaving the upper zone, the market is considered to be in the uptrend direction. On the contrary, its transition from the upper region to the lower region and its presence in the lower region indicate that the market is on a downward trend.
The buy signal is the position where the signal oscillator is located in the lower area (below level 20) and the trend oscillator simultaneously predicts the upward trend. A sell signal is generated when the signal oscillator is located in the upper area (above level 80) and the trend oscillator simultaneously predicts the downward trend.
Signal oscillators detect callbacks in the overall trend and help traders navigate the trend at lower risk, which means stricter stops can be used.
Royal Scalping Indicator can be configured to alert traders through sound, flashing charts, phone notifications, email, and MetaTrader alert windows. It can be adjusted to notify you of any number of signals only when the trend is not old and does not tend to reverse.
To avoid a long list of confusing inputs, most input parameters have been represented as a set of inputs on a comma-separated line. For example, a signal oscillator has two related parameters, but it can be written as a single string input Signal Period [EMA, Channel], which means that the input should be like 3Jing 5. This means that you enter two values, the first is the fast period of the EMA, and the second is the slow period of the channels that both belong to the signal oscillator.
Trend [symbol, time range].
For trend volatility indicators, the trading variety and time frame may be different from the trading variety and time frame of the chart. Using a negative sign before a symbol means that you need to specify the reciprocal of the trend oscillator of the symbol.
Enter sample description.
USD / JPY, H1 using USDJPY data in H1 time range.
Us Dollar Canadian Dollar uses USDCAD data in the current time frame.
, h4 uses time frame H4 on the current trading variety.
The dash before the H1 symbol name causes the indicator to reverse the symbol from GBPUSD to USDGBP.
H1 trends can be used in M30 and M15 charts. M5 trends can be used on M1 charts, but do not use trends such as H1 on M1 charts. Note that one of H1 represents 60 of M1, which propagates the inevitable redrawing from H1 to M1.
Fast and slow channel parameters.
Let the price adaptive trend oscillator enter three values for Trend Fast CH and Trend Slow CH.
Enter an example:
Trend slow CH [Period1, Period2, ER] = 6, 30, 9.
Trend Fast CH [Period1, Period2, ER] = 3,14,9.
If it prefers simple scalping metrics, just enter a fast cycle for Trend Fast CH and a slow cycle for * * Trend Slow CH.
Go to the forum to download the foreign exchange indicator: https://www.feixu.xyz/thread/1294.
Enter an example:
Trend slow CH [Period1, Period2, ER] = 150.
Trend Fast CH [Period1, Period2, ER] = 14