Plover
Speed Scalping Strategy
Last updated
Speed Scalping Strategy
Last updated
The Plover strategy consists of a FlowMaster™ Cross, a P-PRZ (yellow PRZ) and fast market speed. It combines order flow and Harmonic structure for confluence. The Cross appears prior to price touching the P-PRZ while it's still yellow.
A valid Plover setup also requires the FlowMaster™ Cross to appear during a straight leg of price movement is heading towards a P-PRZ.
The final confluence for a higher probability Plover setup is the element of fast market speed. This can be quantified by both FlowMaster™ AudioBox signals matching the same direction as price movement and AlgoBox™ Speedometer showing a higher than average speed.
Only available on AlgoBox™ for NinjaTrader 8. Try AlgoBox™ for free today.