Super Scalper

The Super Scalper works by analyzing price action and identifying short-term trends. The indicator uses moving averages and oscillators to generate buy and sell signals. When the indicator detects a trend, it generates automatic buy or sell signals depending on the direction of the current market bias.

The signal line turns blue when the trend is bullish and becomes red during a bearish trend. In the above EUR/USD 30-minute chart, we’ve used the Super Scalper indicator with orthodox support/resistance levels. As you can see, each time the price rebounded from the support and the indicator level turned blue, it generated a profitable buy signal. Conversely, the indicator turned yellow when the price rejected the resistance at the same time, producing potential sell signals.

Conclusion

The Super Scalper represents a  high-frequency trading indicator for MT4. It helps you take advantage of short-term trend reversals and place the buy-sell entry accordingly. Besides, the indicator is simple to use and easily customizable, making it suitable for beginners. However, traders should always keep in mind that it’s a short-term trading tool. So, consider using proper risk management techniques to avoid losses.

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