The Detrended Synthetic Price Histogram indicator follows the buy/sell trend on any pair and for any timeframe.
The indicator displays green and red bars in a subwindow below the main MT4 chart.
Green bars to buy and red bars to sell.
The blank space between the green and red bars means a range-bound trading zone.
Free Download
Download the “Detrended_Synthetic_Price_0histos.mq4” MT4 indicator
Indicator Chart (EUR/USD H1)
The EUR/USD H1 chart below shows the Detrended Synthetic Price Histogram forex indicator in action.
Basic Trading Signals
Buy Signal: Go long at the first green bar.
Sell Signal: Go short at the first red bar.
Exit buy trade: Close buy trades at the first red bar (bearish reversal signal)
Exit sell trade: Close sell trades at the first green bar (bullish reversal signal)
Detrended Synthetic Price Histogram and Best Forex Scalping Indicator MT4 Strategy
This MT4 scalping strategy combines momentum direction with precise entry signals by using the Detrended Synthetic Price Histogram MT4 Forex Signals Indicator and the Best Forex Scalping Indicator MT4.
The Detrended Synthetic Price Histogram displays a green histogram for buy trend conditions and an orange histogram for sell trend conditions.
The Best Forex Scalping Indicator adds accurate blue arrows for buy entries and red arrows for sell entries.
When both indicators agree, the chance of a successful scalp increases.
This strategy works best on M1 and M5 charts and is ideal for traders looking for quick, frequent opportunities aligned with momentum and timing.
Buy Entry Rules
- Confirm that the Detrended Synthetic Price Histogram is green, indicating bullish momentum.
- Wait for a blue arrow from the Best Forex Scalping Indicator.
- Enter a buy trade at the close of the candle where the blue arrow appears.
- Place a stop loss a few pips below the recent swing low.
- Take profit when the histogram turns orange or the next red arrow appears.
Sell Entry Rules
- Confirm that the Detrended Synthetic Price Histogram is orange, indicating bearish momentum.
- Wait for a red arrow from the Best Forex Scalping Indicator.
- Enter a sell trade at the close of the candle where the red arrow appears.
- Place a stop loss a few pips above the recent swing high.
- Take profit when the histogram turns green or the next blue arrow appears.
Advantages
- Combines trend momentum with precise scalping entry timing.
- Blue and red arrows make entry signals easy to follow.
- Suitable for fast scalping on M1 and M5 charts.
- Histogram direction helps avoid countertrend trades.
- Clear exit signals using histogram color changes or opposing arrows.
- It can be applied to a variety of currency pairs without adjusting settings.
Drawbacks
- Scalping profits depend heavily on low spreads and fast execution.
- Requires active screen monitoring during sessions.
- Signal frequency can vary depending on momentum strength.
Example Case Study 1
On USDJPY M1, the Detrended Synthetic Price Histogram turned green, confirming bullish momentum.
Shortly after, a blue arrow appeared from the Best Forex Scalping Indicator.
A buy trade was entered at candle close with a stop loss placed 3 pips below the recent swing low.
Price moved upward quickly and the histogram turned orange, signaling the exit.
The trade resulted in a 15 pip gain.
Example Case Study 2
On EURAUD M5, the histogram turned orange, showing bearish momentum on the M5 chart.
A red arrow then appeared from the scalping indicator.
A sell trade was entered at candle close with a stop loss set 4 pips above the recent swing high.
Price declined steadily and the histogram later turned green, signaling the exit.
The scalp closed with a 23 pip profit.
Using both indicators together helped avoid premature entry against the momentum.
Strategy Tips
- Focus on M1 and M5 charts during high liquidity sessions such as London and New York overlaps.
- Only take signals when both histogram color and arrow direction align.
- Adjust stop loss based on recent support/resistance price levels, not fixed pip values.
- Close trades early if an opposing arrow appears before the histogram color changes.
- Track which pairs produce the most consistent setups for this strategy.
- Keep position size small due to rapid scalping and tight stop loss levels.
- Use a trade log to refine entries and exits over time.
- Be patient and skip weak signals to preserve trading capital.
Download Now
Download the “Detrended_Synthetic_Price_0histos.mq4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart pattern indicator
Customization options: Variable (DSP period, DSP price, Signal period, Change color on) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Signals indicator
