It can be applied in any timeframe in between 1 minute to hourly charts and suitable to analyze any forex currency pairs across the financial market. Heiken Ashi: This is a well known trend based indicator which is plotted as main price bars. White bars indicate bullish trend and red bars signals bearish trend of the price. OMA Channel: OMA Channel is combined with another indicator named Trend Strength to identify the overbought and oversold condition with better accuracy and also helps to measure the trend strength level of current price action. Traders Dynamic Strength: This indicator works as an assistant of OMA Channel.
It is used to make a better filter of trading signals. It is also combined with Average Daily Range to spot trade exit areas as well. Forex OMA Channel Scalping Strategy is another amazing trend following strategy which is combined with real powerful trend based indicators and fully equipped to provide assistance on short-term trade decision makings. Author Profile I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which has Rs.
1 billion in assets under management. Notify me of follow-up comments by email. Notify me of new posts by email. I also use it to capture much larger profits. The entry rules for both methods are identical.
The difference lies in the exit method. For the scalping method I enter my target exit order immediately after I enter my protective stop. Price is within the Keltner Channels or closely above or below it. 89 or 445 period moving averages. 40, however it will not always make it that far especially in strong trends. The 1-period moving average of the MACD turns back up in the direction of the trend and crosses the 5-period moving average of MACD.