A new version of the best scalping indicator has been released. The creator of the new indicator put all the previous best indicators into one. A member of the community created it, and it has now been publicly listed. The new indicator has a momentum indicator feel, which helps show the momentum shift, allowing traders to hold their trades longer. The new indicator has gotten rid of the 100-period moving average, and everything is perfectly labeled, allowing traders to change the settings to their preferences. The backtesting feature is available, and the three line strikes candle and big ass candle strict options reduce the signals but make them more substantial.

The Best Scalping Indicator Just Got Better: A Detailed Explanation of the Arty Moving Average Indicator

Introduction
The Arty Moving Average Indicator: Version 2
How the Indicator Works
Setting up the Indicator on Your Charts
Using the Indicator for Scalping
Trade Management with the Arty Moving Average Indicator
Backtesting with the Arty Moving Average Indicator
Conclusion

Introduction

Scalping is a popular trading strategy that involves making quick trades with small profits. To do this successfully, traders need to use indicators that can identify momentum and hint at changes in the market. One such indicator is the Arty Moving Average Indicator, which has recently been updated to version 2.

In this article, we will provide a detailed explanation of the Arty Moving Average Indicator, its features, and how to use it for scalping. We will also discuss trade management and backtesting with the Arty Moving Average Indicator.

The Arty Moving Average Indicator: Version 2

The Arty Moving Average Indicator is a momentum indicator that combines several indicators into one. The previous version of the indicator included engulfing candles, three-line strikes, and four moving averages (21, 50, 100, and 200 period smoothed moving averages). However, the updated version has some minor changes, making it more effective for scalping.

The updated version of the Arty Moving Average Indicator includes only the 21, 50, and 200 period smoothed moving averages. The 100 period moving average can be added back to the indicator through the settings if desired. Additionally, the 200 period moving average is now dynamic and changes color to indicate momentum shifts.

How the Indicator Works

The basic concept of the Arty Moving Average Indicator is to cross past the 200-period moving average and retest the 21 or 50 moving average to continue the uptrend or downtrend. This concept is supported by the use of big-ass candles, which are momentum-shifting candles that can serve as entry points.

The indicator also features a momentum cloud, which shows the strength of the momentum of the move, allowing traders to hold their trades longer. The cloud changes color, indicating a shift in momentum, with red indicating bearish momentum, orange indicating loss of momentum, and green indicating bullish momentum.

Setting up the Indicator on Your Charts

To use the Arty Moving Average Indicator, traders need to add it to their charts. The indicator can be found by clicking the Indicators tab on the top of the chart and typing in “Arty Moving Average Official Indicator.” Once the indicator is added, traders can customize the settings, including changing the moving average types and periods, and deciding whether to use strict or non-strict big-ass candles.

Using the Indicator for Scalping

Scalping with the Arty Moving Average Indicator is relatively simple. Traders should start by doing their markup on the 1-hour timeframe, identifying support and resistance levels and target areas. They can then move to the 15-minute chart and look for rejections off of support and resistance levels using big-ass candles.

Trade Management with the Arty Moving Average Indicator

When trading with the Arty Moving Average Indicator, traders should set their stop-losses at two times the size of the engulfing candle and their take-profit orders at four times the size of the engulfing candle, providing a 2:1 risk-to-reward ratio. However, with the momentum cloud, traders can also hold their trades longer when momentum is strong.

Backtesting with the Arty Moving Average Indicator

Backtesting is an important part of trading that allows traders to see how a trading strategy would have performed in the past. Traders can use the backtesting feature on the Arty Moving Average Indicator to test the indicator’s effectiveness with different settings and strategies.

Conclusion

The Arty Moving Average Indicator is an effective tool for scalping that provides traders with valuable information about market momentum. With version 2 of the indicator, traders can enjoy even more features and customization options. By using this indicator, traders can improve their chances of success and become more profitable in their day trading activities.