Scalper Signal MTF
Logo "Scalper Signal MTF"
04/08/2025
49
Desktop
Since 17/02/2025
Free installs
207
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Overview


Based on technical indicators from a specified timeframe (e.g., 5-minute), it displays buy/sell signals (arrows) on the current chart. It also simulates trades after a signal appears and plots a mark (a star) at the potential exit point.


Main Features


  1. Buy/Sell Signal Display:
    • Buy Signal (Up Arrow): Based on an SMA (Simple Moving Average) golden cross, combined with conditions from RSI, 200 EMA, and Bollinger Bands to identify favorable buying opportunities.
    • Sell Signal (Down Arrow): Based on an SMA dead cross, combined with conditions from RSI, 200 EMA, and Bollinger Bands to identify favorable selling opportunities.
  2. Trade Simulation:
    • After a signal, it assumes a trade is closed if any of the following conditions are met, and marks the chart with a star icon:
      • Take Profit / Stop Loss (based on ATR and a specified Risk:Reward ratio).
      • Touching the Bollinger Bands (upper/lower bands or the middle line).
      • Exceeding the maximum holding time.
      • Breakeven and trailing stops are also calculated internally.
  3. Dashboard Display:
    • Displays a simple summary of the current market environment on the top-left of the chart, including the long-term trend (EMA), short-term trend (BB), and momentum (SMA).
  4. Alert Function:
    • Provides a sound notification when a new signal is generated.


Parameters


You can freely customize the following items in the indicator's settings:

  • The timeframe used for calculations (MTF).
  • The periods for the various indicators (SMA, RSI, BB, EMA).
  • Trade exit rules (e.g., Risk:Reward ratio, max holding time).
  • Display settings for signals and the dashboard (visibility, colors, size).
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