Trend Scalper (Expo) is a Scalping strategy based on RSI, Stochastic and moving averages techniques. The idea is to visualize scalping opportunities in trends.
The trend is determined by the color of the moving average called ‘TrendHolder’ The ‘Trendholer’ consists of 3 colors, green, red and orange. Green is a positive trend, red is a negative trend and orange is a neutral or no trend.
Scalping opportunities are visualized by the circles and the triangles. The circles are based on RSI calculation. The triangles are based on Stochastic calculation.
– If there is a green circle and a green triangle and ‘Trendholder’ is orange or green, Enter Long!
– If there is a red circle and a red triangle and ‘Trendholder’ is orange or red, Enter Short!
Combine the indicator with HEIKIN ASHI candlesticks.
HOW TO USE
1. Use the indicator to find scalping opportunities in trends.
INDICATOR IN ACTION
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