The Flash FX Scalper applies a unique way to demonstrate price movements and trend-following buy/sell signals in Metatrader 4 platforms.
Technically, the Flash FX Scalper is a perfect trading system for forex scalping and day trading. Apart from forex, this indicator also works well for stock, futures, and cryptocurrency chart analysis.
The Flash FX Scalper doesn’t show regular lines, bars, or candlestick charts. Instead, it applies sequential dots showing the pivotal points of the price. It also comes with simple moving averages, Flash arrows, buy-sell signals, an on-screen pair changer, and more.
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The Flash FX Scalper applies a customized pair of SMAs to spot the short-term trend-reversal patterns of the price. Every time the price moves above or below a pivotal position, the system plots a dot to assess the trend direction.
The direction of the price channel shows the current trend mode. For instance, the Flash Dot will appear above the SMA channel during a bullish trend market. If the systems detect a buying opportunity, it will show a yellow arrow signal to confirm the long-entry.
During a bearish market, the SMA channel will continue heading downwards. The Flash dot appearing below the moving average levels indicates a solid state of the downtrend market. Once the system plots a white arrow above the price, go short with an SL above the SMA channel.
Moreover, the system includes on-screen pair changing panel enabling you instantly access the chart you want to open.
- Flash dot signal appears above the 2 SMA
- A yellow arrow appears below the SMA channel
- Place SL below the SMA line
- Exit long on white arrow signals
- Flash dot signal appears below the 2 SMA
- A white arrow appears above the SMA channel
- Set SL above the SMA line
- Exit short on yellow arrow signals