Hi there,
This “Scientific Scalper” indicator for Ninjatrader does most of the heavy lifting for you & identify high-probability trade setups for scalping on the 5-minute, 15-minute, and 1-hour time frames. Its “secret sauce”? The indicator uses an approach that we call “double confirmation”.
Here's the first confirmation: The indicator analyzes the underlying trend to make sure you always trade with the trend.
Here's the second confirmation: Once we're sure the trade is in the direction of the general trend, the indicator's algorithm then detects when the market is overbought or oversold. So you can be sure the trade setup you get is high-probability.
Let me show you exactly how it works:
First off, the background of the indicator panel tells you the direction of the current trend...
Here's what I mean: