Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Scalper Dynamic Pivot detects respectable narrow reversal areas that can be used to mark repeatable opportunity windows.
Originally made for M1 timeframe and targeting M30 using EMA200.
Setup/inputs:
First, set one pip on price, e.g. EURUSD to 0.0001, USDJPY to 0.01, or XAUUSD to 0.1.
Set minimum and maximum range on pips, if you want scalp between 10 to 20 pips then set it to 10 and 20 respectively.
Set moving average length to be used as pivot baseline. To use M30 with EMA200 please use M1 Chart and 6000 as the length (30x200).
Set detection window to any candle count you want. Set it too low or too high would be less accurate.
