The indicator applied to shorter time frames, it will work as a scalping indicator. Scalping is when the trader focuses on a few pips profit from fast trades. When trend direction changes to upward, the trend direction line, aqua colored line, flips to +100 from -100, trader can open buy position. Sell position is opened when the trend direction line flips to -100 from +100. Traders can apply a tight stop loss of about 10 pips and expect similar take profit levels. Also Buy position can be opened when trend scalp line is rising and above zero. It is better used in discretionary trading and the trend scalp indicator provides a good view of trend direction as well as trend strength.
Trend Scalp indicator can be customized to suit each symbol and time frame. To change parameter values, open the script in VTL editor. Parameters are located at the top of the script file and well documented. Experiment with different combinations of parameter values to pick the best values for the symbol and time frame.
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