100 Pips Today Scalper Indicator for MT5 – Free Download [TradingFinder]

The 100 Pips Today Scalper Indicator in MetaTrader 5, by combining price movements and Moving Averages, identifies market trends across various timeframes with precision and speed.

This trading tool draws a curved line over candlesticks and changes its color to visually and clearly highlight suitable entry and exit points.

100 Pips Today Scalper Indicator Table

The specifications 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 employs colored trend lines and visual symbols to provide a clear and comprehensible representation of overall market conditions.

In this structure, blue color represents the bullish phase and red color indicates the bearish phase; additionally, the appearance of the star symbol (★) along with the words "Buy" or "Down" functions as a trade entry signal.

Indicator in Bullish Trend

The price chart below shows the Dow Jones Index (DJI) on the 1-hour timeframe.

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

Simultaneously, the word "Buy" along with the star symbol (★) appears, confirming the entry into a buy position.

Indicator in Bearish Trend

The price chart below shows the Bitcoin Cash index (BCH/USD) on the 15-minute timeframe.

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

At the same time, the star symbol (★) together with the word "Down" appears above the candlestick, generating a sell entry signal.

Indicator Settings

The image below shows the settings of the 100 Pips Today Scalper Indicator in the MetaTrader 5 platform:

• BPERIOD: B period calculation timeframe
• APERIOD: A period calculation timeframe
• aTake_Profit: Take profit display
• aStop_Loss: Stop loss display
• Signal Text Size: Signal text size
• Buy Signal Color: Buy signal color
• Sell Signal Color: Sell signal color
• ALERT: Alert display
• EMAIL: Email sending
• NOTIFICATION: Notification sending
• MESSAGE_TIMEOUT: Message display duration
• MESSAGE_SUBJECT: Message subject display

Conclusion

The 100 Pips Today Scalper Indicator in MetaTrader 5, as a technical analysis tool, swiftly identifies market trends and generates accurate entry and exit signals.

This trading system, by changing the color of the main line and displaying the star symbol (★), provides traders with a clear visual representation of price direction and key market levels.