The Vervoort Crossover Forex Scalper indicator for Metatrader 5 delivers buy & sell trading signals based on the TEMA indicator.
The indicator appears in a separate chart window as red & green colored histogram bars that provide trend direction.
How to interpret this indicator?
- A green colored histogram bar is bullish.
- A red colored histogram bar is bearish.
For scalpers, deploy the Vervoort Crossover indicator during the London and New York trading sessions.
The indicator contains the following inputs and parameters: fast TEMA period, slow TEMA period, and price.
First, familiarize yourself with this technical indicator and test it on a demo account.
Remember to have realistic expectations, performance will vary depending on market conditions (trending markets, sideways markets, etc.).
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Vervoort Crossover histo.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Vervoort Crossover Forex Scalper indicator looks when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Vervoort Crossover Forex Scalper Indicator?
Find a simple trading example below:
Buy Signal
- The first green Vervoort histogram bar is a buy signal.
- Open a buy transaction and place your stop loss 3 pips below immediate support.
- Close the buy trade for 7-20 pips profit, or wait for a red colored bar.
Sell Signal
- The first red Vervoort histogram bar is a sell signal.
- Open a sell transaction and place your stop loss 3 pips above immediate resistance.
- Close the sell trade for 7-20 pips profit, or wait for a green colored bar.
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Vervoort Crossover histo.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Vervoort Crossover histo.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration