About the Simple Scalp MTF Indicator
The Simple Scalp MTF indicator for MT5 delivers precise buy and sell signals for scalpers and intraday traders.
It works by analyzing three separate time frames to confirm trend direction and signal strength.
When the indicator detects a potential trade, it plots green arrows for buys and brown arrows for sells directly on the price chart.
This setup helps traders identify short-term market movements with minimal delay.
Users can adjust multiple inputs, including the three time frames, to match their trading style.
Whether used alone or alongside other technical tools, it provides a reliable framework for quick, informed trading decisions.
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simplescalp_mtf.mq5 Indicator (MT5)
Key Features
- Multi-timeframe analysis for more accurate signals.
- Green and brown arrows indicate buy and sell opportunities.
- Customizable time frame inputs to fit your trading style.
- Compatible with other technical tools for trend validation.
- Ideal for scalping and intraday trading strategies.
Indicator Chart
The Simple Scalp MTF indicator appears on the main price chart.
The chart displays green arrows for buy signals and brown arrows for sell signals, helping traders spot short-term market trends and entry points.
Guide to Trade with Simple Scalp MTF Indicator
Buy Rules
- Enter a buy trade when the first green arrow appears on the chart.
- Wait for consecutive green arrows for stronger confirmation.
- Only open trades during active market periods for better scalping opportunities.
Sell Rules
- Enter a sell trade when the first brown arrow appears on the chart.
- Look for consecutive brown arrows to confirm signal strength.
- Focus on high liquidity periods to reduce slippage and false signals.
Stop Loss
- For buy trades, place slightly below the nearest short-term support.
- For sell trades, place slightly above the nearest short-term resistance.
- Adjust dynamically if market volatility increases.
Take Profits
- Close buy trades if a brown arrow appears or target 8–20 pips.
- Close sell trades if a green arrow appears or target 8–20 pips.
- Optionally, use nearby support or resistance levels as exit points.
- Monitor price action to capture short-term movements effectively.
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simplescalp_mtf.mq5 Indicator (MT5)
FAQ
Can I use Simple Scalp MTF as a standalone tool?
Yes, the indicator is robust enough to guide scalping decisions independently.
It signals trades with arrows and multi-timeframe confirmation.
Is it suitable for all currency pairs?
It works best on major pairs with sufficient liquidity.
Minor or exotic pairs may require testing due to higher volatility.
What is the best way to manage risk?
Use stop losses below support for buys and above resistance for sells.
Keep trade sizes small and monitor signals across all selected time frames.
Summary
The Simple Scalp MTF indicator enhances scalp trading with precise, multi-timeframe signals.
It is easy to customize and fits intraday strategies well.
Traders can combine it with other tools or rely on it independently.
By following clear buy, sell, stop loss, and take profit rules, the indicator helps identify short-term opportunities while maintaining risk control.
Consistent testing on a demo account ensures optimal settings and familiarity with its signal behavior.
