A NON-Repaint(Arrows) indicator method, the Zeus Forex Scalping Indicator provides simple buy/sell signals. Both Scalpers and Binary Traders will benefit from this setup. It employs support and resistance levels, trend lines, and other sophisticated techniques.
These blue and red TMA bands are used in this method. This is the system’s most crucial component. The primary chart pane shows both upper and lower channels. Price crossing the top channel indicates an overbought condition in the market. On the other side, the price in the lower band shows that the market is oversold.
Zeus indicator system can provide trading signals that you can use as-is or combine with other chart analysis to further filter. Although this strategy can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account first until you are reliable and self-assured enough to trade in real time.
The Forex Scalping Indicator can be configured to deliver you signal alerts via platform pop-ups or mobile notifications. This is advantageous since it allows you to monitor numerous charts at once and eliminates the need to spend the entire day staring at the charts in anticipation of signals.
Any Forex currency pair as well as other assets including equities, commodities, cryptocurrencies, precious metals, oil, gas, etc. can be traded using the Zeus Forex Scalping Indicator System. Additionally, you may use it on any time frame that works best for you, from 1-minute charts to 1-hour charts. On the M1 or M5 timescales, it performs best.
Rule setters for Forex Scalping Indicators
Most likely, the price is moving inside the red-blue bands at this time. You should be on the lookout for a trade opportunity when the price is going close to the upper or lower band’s edge.
It performs admirably for scaling on the M1 or M5 periods. But it can be used to any. When entering trades, we also advise keeping an eye out for support and resistance.
Buy signal or Call
- Price crossed the channel’s lower edge.
- A green arrow pointing upward was present.
Sell signal or Put
- Price crossed the channel’s top boundary.
- A red arrow pointing downward was present.