Discover the top 10 most downloaded Forex scalping indicators for the Metatrader 5 trading platform on LucyForex.com. Download all indicators for free!
What is Forex Scalping?
Forex scalping is a high-frequency trading strategy utilized by traders seeking to profit from rapid price movements observed on shorter-term trading charts.
Scalpers typically open and close positions within seconds to a few minutes, aiming to capture even the smallest price fluctuations in exchange rates.
This strategy requires the utilization of technical indicators that can promptly respond to minor price changes in foreign exchange rates.
1. Simple Bars Scalping Indicator
The image provided below exhibits how the Simple Bars indicator looks when applied to the MT5 chart.
The Simple Bars indicator provides valuable trading signals to both scalpers and day traders and can be used as a powerful standalone tool for scalping purposes
Buy signals are indicated by the green candle bars, while the red candle bars signify sell signals.
Review and download the Simple Bars Scalping indicator 🆓
2. OLYMP Forex Signal Indicator
The image provided below exhibits how the OLYMP indicator looks when applied to the MT5 chart.
The OLYMP Forex scalper indicator is a valuable trading tool that responds fast to sudden price fluctuations in currency prices.
A buy signal is denoted by the green OLYMP arrow, whereas a sell signal is indicated by the brown arrow.
Review and download the OLYMP Forex Signal indicator 🆓
3. RSI Turbo Scalper Indicator
The image provided below exhibits how the RSI Turbo scalper indicator looks when applied to the MT5 chart.
The RSI Turbo scalper indicator draws a series of colored bars in a separate chart window and provides buy and sell signals.
A green colored bar signifies a bullish signal, whereas a magenta colored bar indicates a bearish signal.
Review and download the RSI Turbo Scalper indicator 🆓
4. White Dragon Indicator
The image provided below exhibits how the White Dragon indicator looks when applied to the MT5 chart.
The White Dragon Forex indicator draws a series of colored blocks on the chart that can be used for fast trade entry and exit.
A green colored block indicates a bullish trend, while a magenta colored block points to a bearish trend.
Review and download the White Dragon indicator 🆓
5. Plombiers Channel Indicator
The image provided below exhibits how the Plombiers channel indicator looks when applied to the MT5 chart.
The Plombiers Channel scalper indicator delivers strong scalping signals and provides the trade entry point, stop loss, and take profit target.
This indicator can be seamlessly integrated with any trading strategy to validate short-term trends or employed as an effective scalping tool.
Review and download the Plombiers Channel indicator 🆓
6. Odin Forex Scalper Indicator
The image provided below exhibits how the Odin indicator looks when applied to the MT5 chart.
The Odin Scalper indicator delivers robust 100% non-repaint scalping signals to both Forex scalpers and day traders.
Buy trades are indicated by turquoise colored dots, while sell trades are signaled by pink colored dots.
Review and download the Odin indicator 🆓
7. Gold Forex Scalper Indicator
The image provided below exhibits how the Gold Forex scalper indicator looks when applied to the MT5 chart.
The Gold Forex scalper indicator is a non-repaint scalping tool, providing strong signals across the M1, M5, and M15 trading charts.
A buy signal emerges with the presence of sea-green colored dots on the chart, while a sell signal is indicated by the appearance of salmon colored dots on the chart.
Review and download the Gold Forex Scalper indicator 🆓
8. Wiseman Indicator
The image provided below exhibits how the Wiseman indicator looks when applied to the MT5 chart.
The Wiseman indicator delivers reliable, non-repaint buy and sell trading signals for any currency pair of your preference.
A green-colored arrow serves as a buy signal, whereas a magenta-colored arrow signifies a sell signal.
Review and download the Wiseman indicator 🆓
9. Dynamic Scalper Indicator
The image provided below exhibits how the Dynamic scalper indicator looks when applied to the MT5 chart.
The Dynamic Scalper indicator is a reliable trading tool loved by many Forex scalpers and intraday traders.
This scalping tool presents easy-to-interpret buy and sell signal lines directly on the price chart.
Review and download the Dynamic Scalper indicator 🆓
10. Cronex Impulse MACD Indicator
The image provided below exhibits how the Cronex Impulse MACD indicator looks when applied to the MT5 chart.
The Cronex Impulse MACD indicator serves as an exceptional signal-generation tool suitable for Forex scalpers.
A buy signal is triggered when the histogram bars appear above 0, while a sell signal below 0.
Review and download the Cronex Impulse MACD indicator 🆓
Scalping Trading Tips & Recommendations
Forex Scalpers can especially benefit from using the above Forex indicators during the London and New York trading sessions.
Trade the lower spread currency pairs only to reduce the spread costs imposed by your Forex broker.
Prior to integrating these indicators into live trading, it is strongly advised to engage in practice on a demo account.