I just found a nice indicator called Scalper Point. This indicator plots most recent support and resistant using points. As a scalper, we can use this indicator as a warning sign of new wave. When scalper points shown on the top, it means that new resistant has been made and the price will move down. And when it shown on the bottom, the price will move up. But, I suggest to add another confirmation before opening position. Do not rely on this indicator only. I add my favorite MACD Histogram to confirm this signal.
As you see on the chart above, scalper point appears and give the sell signal. This signal a bit late but that's the good point of this indicator. We can go Short when MACD Histogram also gives sell signal (blue line cross red line) or you can use the trendline breakout to confirm the signal given by scalper point.
Leave me your email if you want to give a try this scalper point indicator. Its free but I cannot upload here. I will send via email if you want. No spam guaranteed.
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