Godxbt scalper is specifically designed for short term trades on 15min timeframe This indicator is based on price action
What this indicator includes: 1) BULL,BEAR signals based on price action 2) 3 EMA(exponential moving average) for the market trend/direction . 3) take profits points ( based on oscillators ) shows overbought and oversold conditions.
How to trade :
This indicator works on 15min timeframe the parameters for the indicator is locked for 15min timeframe ***Important: Signal confirms on bar close
1) “BULL” signal shows buying opportunity Buys are more profitable than sells if EMA ribbon is blue which means bullish trend (buyers are in control) 2) “BEAR” signal shows selling opportunity Sells are more profitable when EMA ribbon is red which means bearish trend (sellers are in control)
3) TP+ and TP- appears below and above candles it shows the potential reversal points for the price action There you should take some profits off the trade Ema ribbon shows market trend Default ema inputs are set on 20 and 50 (you can add your own sets of ema by changing the input ) Blue ribbon is bullish trend which also acts as a support Red ribbon is bearish trend which also acts as a resistance You can use ribbon to add stoploss below and above the ribbon 222 EMA for strong support and resistance