This is Mrtools & Mladen's optimized RSX Coronforex NRP for MT4 which comes with Alerts and is a good indicator for scalping on all timeframes.

Instructions on how to use the indicator:

RSX nrp coronforex indicator is an oscillator that is drawn and works with zones of overbought and oversold markets.

Trading using RSX nrp coronforex indicator:

• When The indicator line has raised to maximum values (greater than 80), then this means that the price of a financial instrument is overbought. And it is a signal to sell. Red arrows will be shown on the chart also.
• When The indicator line has lowered to the minimum values (less than 20), then this means that the price of a financial instrument is oversold. And it is a signal to buy. Green arrows will be shown on the chart also.

An additional signal is the color of the indicator line. If the line indicator is green, this means that there is an uptrend. If the line is pink then it is a signal of a downtrend. One of the major ways to trade using the indicatoris when the green arrow then place a buy position , when its changes to red arrow then close the current buy transaction and open a new sell one, and vice versa.

RSX nrp coronforex indicator is a successful modification of the Coronforex indicator, its profitable and exactly worthy to look at it closer. It can act as an independent trading strategy or part of the trend of the system as a supplement.