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Balanced Momentum Scalper Indicator For MT4

    The Balanced Momentum Scalper indicator for Metatrader 4 is a solid buy and sell indicator that works well for scalpers and day traders.

    The indicator oscillates above and below the red balanced momentum line.

    The trend is bullish when the blue line trades above the red line and bearish when it trades below the red line.

    Buy & sell signal:

    • A new buy signal is given when the blue line crosses back above the red balanced momentum line.
    • A new sell signal is given when the blue line crosses back below the red balanced momentum line.

    From our testings, the indicator does not repaint and works for any currency pair and time frame without slowing down the trading platform.

    It can be used as a standalone technical tool or it can be combined with other technical indicators and trading strategies.

    Try first on a demo account until you fully understand how this indicator works!

    Free Download

    Download the iAvgVol.mq4 indicator file (MT4)

    Indicator Chart Example

    The picture above shows the indicator attached to the Euro / U.S. Dollar chart.

    How to install the Balanced Momentum Scalper indicator to your Metatrader 4 platform?

    • Download the iAvgVol.mq4 indicator file here and save it to your computer
    • Open your Metatrader 4 platform
    • Click on “File” (top menu) and then select “Open Data Folder” from the drop down menu
    • Click on “MQL4” and open the “Indicators” folder
    • Paste the indicator file in this folder
    • Restart Metatrader 4 and you’re ready to start using the indicator

    How to edit the indicator?

    • Attach the indicator to any trading chart of your preference
    • Right click in the chart and select “Indicators List” from the drop down menu
    • Select the indicator from the list and click on “Edit”
    • Now you can start editing the indicator (Inputs, Colors and Visualization)
    • Final step, click on the “OK” button to save the new configuration