This is a more elaborate version of the indicator, and it's a complete trading strategy.
The Sextet Scalper Pro is an MT4 indicator that gives signals when new waves are starting in a trend. The trends are calculated using the original "The Sextet" indicator method
Key Features:
- Uses The Sextet Trend Detection Method which is already a good strategy in itself for detecting long trends
- Signals New Waves in the main trend.
- Great For Scalping.
- Also Great For Swing Trading.
- Sends Alerts and Push Notifications when there's a signal.
- Works on All Timeframes and Pairs.
- It's a Complete Strategy in and of itself.
- Could be easily Integrated in Expert Advisors.
- Non-repainting.
Settings:
Wave Calculation Period: Period used for the calculation of a new wave in the trend.
Range Detector Period 1: This setting and the following one are the periods used to filter out ranging markets.
Range Detector Period 2.
Slope Period 1: Period of the slope calculation used to avoid trading in big corrections, that could turn into reversals.
Slope Period 2: Period of the second slope calculation used to avoid trading in big corrections, that could turn into reversals.
First MA Period: Choose the Period of the first moving average(MA).
First MA Method: Averaging Method used for the 1st MA (Simple, Exponential, etc.)
Second MA Period: Choose the Period of the second MA, which is an MA of the first MA.
Second MA Method:
Third MA Period... etc.
GetAlerts: true/false. If set to true you will receive Alerts on Mt4 when there's a buy/sell signal.
PushNotifications: true/false. If set to true you will receive Push Notifications on your phone when there's a buy/sell signal.(positive/negative).
The Sextet Scalper Pro:
https://www.mql5.com/en/market/product/39350