Most Accurate SCALPING Indicator: Free Indicator on Tradingview
In this article, we will discuss the most accurate scalping Indicator, and the good thing is that its totally free on tradingview. Scalping is about taking quick trades and gettinng quick profits.
Indicator Setup
For this powerful strategy, you need these two indicators, which are free on TradingView.
- Target Trend Indicator by BigBeluga
- Smart Forex Buy Sell Signal
How to Add Indicators
To add the first indicator to your chart, go to TradingView. Click on the indicator tab and search for Target Trend written by BigBeluga.
Settings of Target Trend Indicator
After adding this Most Accurate SCALPING indicator to the chart, you should change the settings. Go to the Input tab and change the trend length from 10 to 21. After that, click OK to save the settings.
How to Use the Trend Line Scalping Indicator
To understand this indicator, hide the original candle in the chart settings. This indicator gives signals in the form of orange and green triangles.
- Bearish Trade: When the Target Trend Indicator makes an orange triangle and the candle color changes from green to orange. We will look for selling opportunities here.
- Bullish Trade: Similarly, when the Target Trend Indicator makes a green triangle, the candle color changes from orange to green. Then, we will look for buying opportunities here.
Add Smart Forex Buy Sell Signal Indicator
To increase the accuracy of this strategy, we will add another indicator, the Smart Forex Buy Sell Signal by Lukas. Search for this indicator in the Indicator Tab of TradingView. Click on the Indicator to add it to your chart.
Settings of Smart Forex Buy Sell Signal
- In the Input Tab, change the signal filter from 7 to 15.
- Change Short from 7 to 9.
- Now, go to the style tab.
- In the Style Tab, Hide Strong Buy, Strong Sell, Spec Buy, Spec Sell, Bear Sign, Bull Sign.
- Click on OK to save the settings of this Most Accurate SCALPING Indicator.
How to Use Smart Forex Buy Sell Signal
This most accurate scalping Indicator gives simple buy and sell signals.
How to Trade the Most Accurate SCALPING Indicator
Sell Trade
When the Target Trend Indicator makes an orange triangle, the candle color changes from green to orange. Look at the Smart Forex Buy Sell Indicator, it gives a Sell Signal. When all of the conditions are fulfilled, then we will take a sell trade from the bearish candle.
Buy Trade
When the Target Trend Indicator makes a green triangle, the candle color changes from orange to green. At the same time, if the Smart Forex Buy Sell Signal Indicator gives a buy signal. So, we will take buy trade from a bullish candle.
Conclusion
The Most Accurate SCALPING Indicator is the Target Trend Indicator. To increase the accuracy of this strategy and for a second confirmation, add the Smart Forex Buy Sell Signal Indicator. Having the right tools significantly increases your trading performance.