Free Scalping Indicator for MetaTrader 4 Download - [TradingFinder]

The Free Scalping Indicator analyzes real-time market volumes and volatility on the MetaTrader 4 platform using a histogram combined with price movements. This tool provides Buy and Sell signals.

Hence, this MetaTrader 4 oscillator is suitable for scalpers and traders in highly volatile markets such as Forex and cryptocurrencies.

Free Scalping Specifications Table

Below is a general review of the Free Scalping Indicator:

Uptrend Conditions

The image below displays the Bitcoin price chart with the symbol BTC/USD in a 5-minute time frame.

When this high Metatrader4 volatility indicator'svalue is above zero, and histograms are displayed in blue, the market trend will be upward furthermore, the larger the histogram size, the stronger the bullish momentum.

Downtrend Conditions

The image below shows the global gold chart with the symbol XAU/USD in one 1-hour. When the indicator value turns negative, and the histograms are displayed in orange, the market trend will be downward.

An increase in the size of negative histograms signifies stronger bearish momentum. Moreover, a trend reversal towards a price drop occurs when the indicator value changes from positive to negative.

Indicator Settings

The image below provides an overview of the adjustable parameters for the Free Scalping Indicator:

• Chart Theme: Visual style of the chart
• Period: Timeframe for data analysis
• Lookback: Historical data range for calculations

Conclusion

The Free Scalping Indicator analyzes price movements through histograms and is a practical tool for scalpers and traders in volatile markets.

An increase or decrease in histogram size indicates a strengthening or weakening of momentum and trend strength, respectively.