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Scalp Xpression is an indicator that calculates local extremes and builds pivot points with high probability. The indicator initially focused on scalping strategies, but it also proved itself flawlessly in medium- and long-term trading. The basis of the indicator is the VSA methodology, analysis of the behavior of the current trading volume and the rate of price change.

There are four parameters in the settings:

  • HistBars – the number of bars to display the histogram of the indicator;
  • Sensitivity is a parameter that regulates the aggressiveness of the indicator;
  • Averaging PERIOD – the number of bars involved in local calculations;
  • Alert on/off – enables/disables notifications.
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