G_Scalper_DeluxeV3

Look for a discounted price when bundled with the ACE_V3 indicator in the Indicator Bundles category (FFX Package).

The G_Scalper_Deluxe* system has been updated to V3 and now included in this store. The indicator is graphically cleaner and more precise and runs more optimally than before. The alerts sound selector will now allow selection from all sounds in the NinjaTrader sounds folder.

The scalper is meant to give momentum signals for entries. The yellow triangle is an early warning that a potential entry is about to be fired. Then  when the entry conditions are met, the arrow is fired along with a horizontal hash mark to signal the price at which the condition was met.

You can set the scalper to look only for trend directional setups across various timeframes within the program..by simply changing your Trend/Range Interval within the indicator or you can look for every signal, regardless of the trend,  by simply setting the Trend Limiter to false. There is also a setting for H/L Range Bars (not to be confused with Range Bar type)...this is looking at the highs and lows within your timeframe (Trend/Range Interval) to determine if the market is in chop..or has enough volatility to trade and give you the best opportunity to meet your profits.  Low range value means the market is choppy..higher range means there is volatility and a good potential signal. Use the Range limiter to place a limit on the high to low range of the last # of bars (H/L Range Bars setting) of the # minute chart (set by Trend/Range Interval). Be sure to select each setting and read the description in the lowest panel of your parameters.

The strength meter is giving a graphical representation of the strength of the signal fired...if watched it can also give you an idea as to when a signal is about to fire.

The left two meter level pointers are indication a time and volume component and the right meter level pointer indicates a tick component. These series are not adjustable. The more the three agree the stronger the meter uptrend or downtrend colors become.

 An up or down pointer at the meter ends indicates a strong signal but could also indicate an end to the trend is iminent.

> Everything green... a strong momentum long.

> Everything red... a strong momentum short.

As with any entry system..trade management will be key!

New color bar option turned on

* G_Scalper_Deluxe was written by Integrity-Traders from a version called G_Scalper by Bryan Cass. The intellectual property is Greg Henry's and the sale of this indicator is by permission of Greg Henry.

1/23/19 - Corrected the Meter code to let it display correctly if indicator panels are above the price panel.

12/29/13 - Added switches to turn off the meter side arrows or the whole meter graphic.

4/29/13 - Added more candle/bar options and selectable colors as well as color selections for the on-chart signals.

11/16/12 - Added option to color the price bars with the longer term trend, in either solid or trend style (hollow up bars, solid down bars).