TTM Scalper Indicator

TTM Scalper Indicator

TTM Scalper Indicator portrays the best swing trading conditions with instant alerts in live charts of MT4. Identifies breakouts, S/R zones & inside bar signals

The TTM Scalper Indicator spots potential price flips and converts them into super swing trading signals in Metatrader 4.

As a technical indicator, it helps you anticipate both short and long-term gain/loss so that you can capitalize on solid price momentums. It works based on reversal patterns and identifies potential price retracement levels during on-trend market conditions.

Since TTM Scalper suits MTF chart analysis, it enables you to go for both day and intraday trading simultaneously. According to our review, 1-minute to 4-hour charts are the best possible timeframes for this indicator. Moreover, it works on any financial instrument charts listed in MT4, including forex, stocks, ETFs, commodities, and cryptos.

In this guide, you’ll learn the best way of applying the TTM Scalper Indicator in MT4 for determining potential trade-setups.

How to identify potential swing trading signals by using the TTM Scalper Indicator in MT4

The TTM Scalper Indicator mainly detects reversal price action patterns. It targets potential highs and lows of price waves for detecting valid price swing areas. Moreover, it only plots colored bars over the price candles to signal the reversal situations. Such signal systems are pretty easy to follow and user-friendly for novice speculators.

A price reversal signal may appear at any point in live markets. However, we need to be very specific on price zones and signals while considering an entry. For instance, it doesn’t sound a great idea to look for buy opportunities when the price already hits the high of the current market momentum. So, the basic rule is to buy from the bottom and sell at the peak of the price surges.

The blue vertical bar on the candle suggests a bearish reversal. Oppositely, the red bar signals a possible bullish reversal of the price. However, we cannot execute buy/sell orders based on each colored candle. You must filter the signals to boost the accuracy of your trading judgments.

In the above GBPUSD chart, we’ve added a bearish trendline complying with the current downtrend situation of the currency pair. As you can see, each time the TTM Scalper plotted a blue candle close to the trendline resistance, the price made a solid bearish move offering profitable short opportunities.

Conclusion
The TTM Scalper is an easy-to-use and straightforward swing trading indicator in MT4. At the same time, it offers real-time price reversal signals, enabling you to take short-term trading decisions more comfortably. Unlike trend-following trading, swing trading signals may appear more frequently on the charts. Therefore, we recommend you use additional technical tools such as automatic trendlines and support/resistance for adding more value to your trade-entries.