Squared Fast Forex Scalper Oscillator Indicator For MT4

The Squared Fast Forex scalper oscillator delivers great buy/sell trade entries in existing currency trends.

You can make daily pips with it!

This scalper indicator is composed of two crossing signal lines.

Together, they form a crossover trading system that is easy to trade.

Interpret the scalping trend as follows:

  • A buy scalping trend occurs when the blue signal line crosses above the red signal line from below. The short-term trend is up.
  • A sell scalping trend occurs when the blue signal line crosses below the red signal line from above. The short-term trend is down.

It’s important to use the Squared Fast Forex scalper oscillator in agreement with the existing trend.

For instance, use it together with a longer-term moving average and use this scalper in the direction of the existing trend.

  • When the existing trend is up, only trade the positive crosses.
  • When the existing trend is down, only trade the negative crosses.

Feel free to experiment with the indicator’s signal line periods to create your own buy/sell scalper signals.

Download This MT4 Forex Indicator Free

Download the “r-squared-indicator.ex4” Metatrader 4 indicator

Squared Fast Forex Scalper Oscillator Indicator Chart

Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.

You can apply the indicator to any currency pair and time frame of your preference.

Finding Buy and Sell Triggers With Squared Fast Forex Scalper Oscillator Technical Analysis Chart Indicator

Below is an example of how to buy and sell currency pairs with this Forex indicator:

Buy Trigger: Go long when the Squared Forex Scalper’s blue line crosses the red line upward.

Place stop loss below immediate support, or use your own stop loss placement method.

Exit the buy scalp trade for a fixed take profit target, for example, 12 pips on the 1-minute trading chart.

Sell Trigger: Go short when the Squared Forex Scalper’s blue line crosses the red line downward.

Place stop loss above immediate resistance, or use your own stop loss placement method.

Exit the sell scalp trade for a fixed take profit target, for example, 20 pips on the 5-minute trading chart.

Download This Forex Indicator Now

Download the “r-squared-indicator.ex4” MT4 indicator

Adjustable Parameters

Price, length, smooth, colors, width, style.

Usage

The indicator can be used as a stand-alone signals indicator.

It can also be combined with:

  • Trading oscillators (MACD, Stochastic, RSI,…)
  • Trend indicators (Moving Average, Bollinger Bands, ADMI,…)
  • Price action methods and techniques

More Info About This Indicator

Tradable Currency pairs: Any

Trading Platform: MT4

Time frames: M1, M5, M15, M30, H1, H4, D1, W1

Indicator Type: scalping

Installation

Copy and paste the indicator in the MT4 indicators data folder.

Then restart the MT4 terminal and attach it to any chart.

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