The Scalper Sentiment Forex indicator for Metatrader 4 is an excellent scalping tool that provides many opportunities during the London and New York trading sessions.
This scalping indicator does not repaint its signals and appears in a bottom window in the form of a colored buy/sell histogram.
Buy & Sell Trade Example
- A buy scalper trade occurs when the first blue colored trend bar appears on the chart.
- A sell scalper trade occurs when the first red colored trend bar appears on the chart.
- Close the open trade when an opposite signal arrow gets displayed on the chart.
The Scalper Sentiment indicator can be used for both trade entry and exit or it can act as an additional short-term trend filter.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “sentiment-histogram.mq4” indicator for MT4
Indicator Chart (EUR/USD M30)
The picture below shows the Scalper Sentiment mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with the Scalper Sentiment Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Scalper
Does the indicator repaint? No.
Download Now
Download the “sentiment-histogram.mq4” indicator for Metatrader 4
