Description
Elite Scalping and Binary Options is a momentum oscillator rebuilt from the ground up for MetaTrader 4. In a separate window it plots two linear-regression slope lines — a slow blue histogram and a fast yellow histogram — that measure how steeply price is trending over their respective periods. When the fast and slow slopes cross near the outer bands, the indicator prints a green up-arrow (buy) or red down-arrow (sell) and can also draw the signal onto the price chart. Dotted level bands mark the thresholds where momentum is stretched. Because it reads slope rather than raw price, it reacts quickly enough for 1 to 5 minute scalping and short binary options expiries while still filtering flat, directionless bars. All periods, smoothing, thresholds and the applied price are adjustable. Free MT4 (.mq4) source included. Educational tool, not financial advice.
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