100 Pips Today Scalper Indicator for MT4 – Free Download [TradingFinder]

The 100 Pips Today Scalper Indicator in MetaTrader 4, using price action analysis and the Moving Average, tracks market trends with precision and speed across different timeframes.

This indicator displays entry and exit signals in the form of a curved line over candlesticks, and the color change of the line defines the beginning or end of a trend move.

100 Pips Today Scalper Indicator Table

The general features of the 100 Pips Today Scalper Indicator are presented in the table below.

100 Pips Today Scalper Indicator Overview

The 100 Pips Today Scalper Indicator uses colored trend lines and graphic symbols to visually and clearly illustrate market conditions.

In this structure, the blue line identifies bullish conditions and the red line defines bearish conditions; furthermore, the display of a star symbol (★) acts as a signal for trade entry.

Indicator in Bullish Trend

The price chart below shows the EUR/AUD currency pair on the 4-hour timeframe.

In the bullish scenario of the 100 Pips Today Scalper Indicator, the color change of the main line from red to blue indicates the start of an upward trend.

The buy entry signal is generated with the appearance of the word “Buy” along with the star symbol (★).

Indicator in Bearish Trend

The price chart below shows the BNB digital currency index on the 1-hour timeframe.

In the bearish scenario of the 100 Pips Today Scalper Indicator, the color change of the main line from blue to red indicates the beginning of a downward trend.

With the appearance of the star symbol (★) above the candlestick, the sell entry signal is issued.

Indicator Settings

The following image shows the settings panel of the 100 Pips Today Scalper Indicator:

• BPERIOD: Calculation period for B cycle
• APERIOD: Calculation period for A cycle
• aTake_Profit: Display take profit level
• aStop_Loss: Display stop loss level
• Signal Text Size: Signal text font size
• Buy Signal Color: Buy signal color
• Sell Signal Color: Sell signal color
• ALERT: Enable alerts
• EMAIL: Send email notifications
• NOTIFICATION: Push notifications
• MESSAGE_TIMEOUT: Message display duration
• MESSAGE_SUBJECT: Notification subject line

Conclusion

The 100 Pips Today Scalper Indicator in MetaTrader 4, as a technical analysis tool, quickly identifies market trends and issues precise entry and exit signals.

This trading tool, with the color change of the main line and the display of the star symbol (★), visually defines market direction and key price areas.