Super Scalp Winners Indicator is one of the simplest trend-following tools you may have ever experienced. It is so simple that even a newbie trader can master it and apply for the real trading at the markets. This indicator has been developed based on a combination of Heiken Ashi and Moving Averages. Both these indicators simultaneously work to filter each other’s signals and states the trend status plus market entry signals as correctly as possible.
Super Scalp Winners Indicator can be applied to trade all kinds of forex currency pairs or any financial assets available at the market. Furthermore, you can fit this tool to any timeframe chart you like within your MT4 terminal.
Super Scalp Winners Indicator Overview:
After installing this Indicator at the forex MT4 platform, your trading chart will appear like the following image:
Super Scalp Winners Indicator Anatomy:
Using this Indicator for forex trading is as easy as trading with Simple Moving Averages (SMA). The indicator turns blue when the trend is bullish and turns red to validate the bearish thrust of the market trend. A blue upward arrow appears to signal the buy entry and a red downward arrow represents the sell signal at the market.
Super Scalp Winners Indicator: Buy Parameters
- The Indicator turns blue
- A blue upward arrow is plotted below the price bar
- Buy triggers when the above conditions are met
- Set stop loss below the current swing low of the market
- Exit long/take profit once the indicator turns red or plots a downward red arrow above the price bar
Also Read: Pipsware Chart Indicator
Super Scalp Winners Indicator: Sell Parameters
- The Indicator turns red
- A red downward arrow is plotted above the price bar
- Sell triggers when the above conditions are met
- Set stop loss above the current swing high of the market
- Exit short/take profit once the indicator turns blue or plots an upward blue arrow below the price bar