The Scalper Indicator
The Scalper indicator works in conjunction with Stock, Index, Futures and Forex markets. It can be applied to Tradestation or eSignal. Note: All members receive an additional 20% off indicator purchases. Please note you must have the eSignal Premier version for the eSignal indicators. Take a look at the video demonstration:
A Few Key Points: - This is a visual way to help determine whether to buy or sell against a pivot level.
- White paint bar marks a "pivot high" or "pivot low." This is done after 3 higher closes or 3 lower closes. The faster the time frame, the faster the confirmation.
- Red dots above the bar marks a continuing downtrend confirmation. Blue dots below the bar marks a continuing uptrend confirmation.
- The Scalper measures the price action of the market.
- Your can also program alerts for the white bars.
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